Reports
Aging Receivables
Customer Balance
Days Outstanding (DSO)
Unbilled Costs by Job
Revenue
Cashflow
Improve your invoicing, collections, customer relations and cashflow
Our goal is to develop a strong AR system that will shorten your revenue cycle.
"If you invoice customers and do not have a clear strategy for managing receivables you will experience increased delinquency."
Let us improve your receivable process and shorten your revenue cycle with our AR Support Services:
Invoicing System
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Develop an efficient invoicing system to meet your accounting and job costing needs
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Implement industry best practices to manage customer credit checks and collections
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Define & communicate Payment Terms (i.e. whether interest charges will be collected on past due invoices or delinquency will be reported)
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Enforce Payment Terms
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Automate repetitive functions
Data Entry
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Create Custom Templates
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Manage data entry and standardize input with item codes
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Verify data (get invoice approval), process it into an invoice and submit it to customer
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Utilize customer's invoicing platform
Customer Management
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Strengthen customer relations with increased communications
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Monthly Statements and follow-up calls
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Reduce bad debt risk by performing customer credit checks
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Resolve issues quickly so that they do not become disputes
Applying Customer Payment
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Receive payment in client's accounting software
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Focus on invoicing accuracy to apply payments deposits to appropriate outstanding invoice
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Properly apply credits and discounts
1st Party Collections
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Collect past due receivables as an extension of your staff
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Process that increases customer contact to enforce agreed payment terms
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Statements sent to customers monthly
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Follow-up call to all customers with past due invoices
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Document delinquency & dispute process (credit bureau reporting)
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Provide weekly DSO Report (Days Sales Outstanding) to enable management to monitor receivables progress