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Top 10 Challenges CFOs of Travel Management Companies Face in Accounts Receivables Management

Emagia

Legacy Systems and Siloed Data Non-integrated Back-Office Systems: Many travel agencies use disparate platforms for booking, finance, and CRMresulting in manual AR processes. Lack of Real-Time Visibility: Finance teams struggle to get a consolidated, real-time AR aging report or DSO trends across brands.

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7 Accounts Receivable Goals for Growth in 2023 & Beyond

The Esker Blog

We’ve found that by working to achieve these seven AR goals, your organization can better adapt collections strategies, collect cash faster, empower AR teams and achieve growth, no matter the business situation. Historically, the processes within collections, cash application and credit management are highly manual.

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The Importance of the Accounts Receivable Aging Report

Gaviti

What Is an AR Aging Report? As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (A/R) aging report. It also identifies cash flow issues before they become problems. Cash flow problems usually relate to collection policies or customer behavior.