5 Accounts Receivable Management Key Performance Indicators (KPIs)
Accounts Receivable Management: 5 Ways to Increase Cash Flow In any business, cash flow relies on effective accounts receivable management,...
1 min read
As we all know, cash flow is the lifeblood of every business. Having sufficient cash can be the difference between success and failure and accounts receivable automation can help you sleep better at night.
Accounts Receivable is the largest or second-largest asset of most businesses and reducing the amount of cash tied up in those outstanding receivables — and the associated cost of financing them – will have a positive impact on a company’s cash flow; this is why proper Accounts Receivable Management is crucial and accounts receivable automation software can be an invaluable tool to facilitate proper management. One of the major issues with your cash flow is, most likely, that it takes you too long to collect on an invoice, many times poor Accounts Receivable Management is to blame. So how can you help yourself?
There are many benefits to implementing accounts receivable automation software to extend existing accounts receivable functionality and processes. Some of these are:
- reduced transaction costs
- improved cash flow and cash forecasting
- optimized staff productivity
- reductions in bad debt and write-offs
Most businesses struggle with account receivables management, from invoicing and billing through the entire receivable collection process. Accounts receivable automation software helps companies streamline their accounts receivables management processes by:
- Centralizing accounts receivable information
- Accounts payable, electronic funds transfer, automated order matching
- General ledger, allocations, consolidations and eliminations
- Cash management, bank reconciliation, and statement interfaces
- Payroll, fixed asset, and tax management
- Budgeting, forecasting, and planning
- Improved Financial Transparency and Accountability
About e2b teknologies:
e2b teknologies operates three business units – e2b anytime apps , e2b enterprise, and e2b calibration. e2b enterprise develops custom cloud-based business applications and resells leading ERP accounting software, CRM, HRMS, and other enterprise business software applications from Sage Software, Epicor, Intacct, Sugar CRM, and other publishers. e2b anytime is the publisher of Anytime Collect, Anytime Assets, Anytime 500, Anytime Commerce, and related Anytime brand products. e2b calibration is an ISO/IEC 17025 accredited calibration and repair laboratory providing a full scope of services (traceable to NIST) for most popular calibration, test, and measurement instruments.
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