Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
Why You Need an Accounts Receivable Process Flowchart
Feb 28, 2024 by Zazil Martinez
Consider creating a flowchart if you're looking for ways to improve your accounts receivable process. An accounts receivable flowchart visually represents the collection process, highlighting areas of inefficiency and opportunities for automation. Accounts receivable flowcharts are excellent for helping accounts receivable departments to visualize their processes. They often help pinpoint which areas are ripe for automation or improvement. Not only can they effectively keep your team on the same page and train new employees, but they can also help you see areas of inefficiency.
How to Find the Best AR Automation Software for Your Business
Feb 23, 2024 by Zazil Martinez
Finance professionals always search for ways to enhance efficiency and streamline financial operations. One powerful solution to address these challenges is finding the best AR automation software. But what exactly does this mean for CFOs and finance teams? Imagine that tedious tasks of manual invoicing, chasing payments, and reconciling accounts are in the past. The best AR automation software offers a solution that automates and optimizes accounts receivable management. This lets finance professionals focus on strategic initiatives rather than mundane administrative tasks. But with so many available options, choosing the best AR automation software can be daunting. Here's a comprehensive guide on what to look for to select the best one for your business.
Top Challenges Accounts Receivable Teams Face and How to Solve Them
Feb 20, 2024 by Zazil Martinez
In today's fast-paced digital marketplace, accounts receivable (AR) teams face numerous challenges that impact a company's cash flow and growth. Even with an optimal rhythm, some remain significant. Common accounts receivable challenges include high DSO, ledger disorganization, poor communication, and inadequate policies. Streamlining processes, offering multiple payment options, going paperless, updating customer information, and automating AR can overcome these. A structured credit policy can help identify suitable customers. A weak accounts receivable management process can cause several other unintended consequences, including:
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How to Keep Your AR Team Happy this Holiday Season
Nov 30, 2021 by Brandon Jones
The holiday season often means different things to different people. Many employees enjoy the extra time off to spend with family and friends, others enjoy traveling and new experiences and a few may even want to work a little harder at the office to catch up while it’s quieter. Regardless of your personal preferences, if you’re managing an accounts receivable team, the holidays are an excellent time to tune into what might make this period more meaningful for your employees. Here are a few ideas to keep in mind.
5 Easy AR Automations Your Company Needs
Nov 23, 2021 by Brandon Jones
AR automation simplifies an accountant’s job by taking the most monotonous and repetitive parts of accounting off your schedule. Find out more about AR automation and the five most important automations you should already have. Just want the ebook? Click here.
How to Choose Between Oracle Netsuite and Sage Intacct
Nov 18, 2021 by Brandon Jones
With so many technological solutions for companies to choose from, it can sometimes be a challenge to determine which ERP software (enterprise resource planning) is the best for your unique business. Many organizations today are considering both Oracle Netsuite and Sage Intacct when it comes to managing their accounting departments. This primer will help you understand the similarities and differences between these two popular solutions.