Accounts Receivable Management
Accounts Receivable Management
Introduction
We help Clients to gain control of Accounts Receivable Processes to strengthen the company’s liquidity position, through aging monitoring, minimizing Days Sales Outstanding (DSO) whilst maintaining good customer relations.
Description
It is of prime importance to find means and ways to manage Accounts Receivable effectively to ensure the receivables in the Balance Sheet get converted to cash ASAP. To put it simply; Accounts receivable management can make or break a business.
Punctuality and Accuracy, being on top of our list of VIRTUES, We have already helped Clients to recover more than $5 million worth of overdue invoices.
-We look after the entire Accounts Receivable Cycle right from the Issuance of sales order to the recovery of cash from the customer. For us, It’s not only about reminding the customer to pay on time.
Services under AR Management
– Document Management: Maintaining all the documents required for the receivables functions such as Contracts, Sales orders, Customer PO, amendment agreements, important email communications, etc.
–Issuing Invoices: For many customers, the due date countdown doesn’t begin from the date the Invoice is posted/entered in accounting software but from the date, the CORRECT one is received by them. We excel at issuing ACCURATE Invoices well within time.
– Uploading of invoices on the customer portal: We ensure that our Client’s customer receives the Invoice through the medium they prefer. It could be emailing an Invoice to them or uploading the same on the customer’s Web Platform such as COUPA, ARIBA, TUNSTEN or their in-house invoice approval tools.
- Cash application against invoices.
- Timely preparation of accurate AR aging and regular follow-up.
- Resolving Disputes / Queries well within time and reconciliations.
Benefits
- Timely Cash Collection which ensures a reduction in overdue AR.
- Better cash flow forecast resulting from better control over receivables.
- Early identification of probable bad debts helps in being proactive in taking corrective measures.
- We provide AR service that can be dialed up or down as your business changes.
- Increased control over cash and working capital.
Services
We are Always Ready to Assist Our Clients
developing financial processes and procedures