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The Dynamics Behind AR Automation

Your Virtual Credit Manager

My first exposure to the power of accounts receivable (AR) automation came in 1990 when I was credit manager at ERICO Fasteners, a mid-market, specialty metals manufacturer. The first month after we automated a few basic features to supplement our accounting package, we realized an increase in cash flow of 30 percent.

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AR Data Management, AR Automation, & Accelerating Cash Flow

Your Virtual Credit Manager

What’s Involved in “Cleaning” an AR Portfolio In a perfect world, your AR Ledger would contain only whole, current invoices; or at least nothing seriously past due. Over time, AR Ledgers unfortunately tend to collect “Clutter.” Please share this newsletter with your small business customers.

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Top 9 Benefits of Accounts Receivable (AR) Automation

Emagia

In today’s rapidly evolving financial landscape, businesses are continually seeking ways to enhance efficiency, reduce operational costs, and improve cash flow. Accounts Receivable (AR) automation has emerged as a pivotal solution, transforming traditional AR processes through technological advancements.

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Best Accounts Receivable (AR) Automation Software Vendor

Emagia

To address these challenges, many companies are turning to accounts receivable automation software. These solutions streamline invoicing, payment collection, and reconciliation processes, reducing manual efforts and improving overall efficiency.

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Tackling Customers that Always Pay Late

Your Virtual Credit Manager

There are three types of customers: those that always pay on time, those that sometimes pay on time, and those that never pay on time. A customer that pays on time does not require any collection efforts. Those who sometimes pay on time only require a collection effort when they pay late; getting them to pay is usually not difficult.

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Why people don't use automated accounts receivable

Chaser

Accounts receivable (AR) automation offers a more efficient and cost-effective way to manage cash flow, reduce errors, and accelerate the collection process. Yet, many businesses still hesitate to adopt AR automation.

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Manual Billing and Collections Are Draining Your Profits

Your Virtual Credit Manager

Looking around us, the Amazons, Netflixes, and HubSpots of the world were billing and charging clients automatically, while our business’s billing and collections looked pretty much the same as it had been done before computers. Automation is the cost-effective way to increase productivity. Getting paid can be a pain.