Why you need a professional accounts receivable solution

Why you need a professional accounts receivable solutionDebtor days are a bugbear for most businesses, diverting human resources, hindering cash flow and affecting the business’s ability to grow.Contents

Why you need a professional accounts receivable solution

Debtor days are a bugbear for most businesses, diverting human resources, hindering cash flow and affecting the business’s ability to grow. However, few businesses have addressed these issues by optimising their accounts receivable processes to make the generation, collection and dispute resolution of invoices fast and efficient.Moving from a manual, paper-based accounts receivable workflow to an automated system means you and your staff will have instant visibility of the status of all invoices, with reduced wastage both in time and cost, fewer errors and better cash flow forecasting.This guide provides a quick overview of the potential implications and risks associated with traditional accounts receivable processes. It then introduces 'Six reasons why you need a professional accounts receivable solution’ to help you identify how you might improve your processes and get those debtor days down to a minimum.Take the following poll (right)
to see how you compare to
over organisations.

How do you rate your current accounts receivable process?

We use purely manual tools and processes
We use a mixture of manual and automated processes
We use multiple software tools which are loosely integrated
We have a professional solution, but it doesn’t provide everything we need
We have a fully automated process with transparency at every stage