Your Virtual Credit Manager
JUNE 11, 2024
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.
Lockstep
NOVEMBER 16, 2022
Combined with email automation, templates automating the collections process save you time and help to ensure that your customer communications are consistent. AR automation software, like Lockstep Receivables, comes with a library of best-in-class templates that can easily be adapted to match your specific requirements. .
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
The Corcentric Blog
JUNE 27, 2023
The significant reduction in invoice processing costs has driven AP automation uptake faster than AR automation initially, but automation solutions for AR are now fast becoming a must-have for many more reasons than just efficiency gains. Another challenge of in-house AR automation is the cost.
Your Virtual Credit Manager
JANUARY 30, 2024
The evolution of Accounts Receivables (AR) automation has revolutionized our collection strategies. Manual collection processes centered on an aged accounts receivable trial balance (ARTB) lack the regimentation and efficiency brought about by automation. However, that doesn’t exclude an opportunity to do even better.
Lockstep
JUNE 15, 2022
For B2B businesses, credit management is essential for accounts receivable (AR) management success. Proper, healthy credit management allows for steady cash flow, better collections management and a manageable days sales outstanding (DSO). . AR automation can make a world of difference in your credit plan activation.
Lockstep
JULY 20, 2022
With inflation discussions dominating the conversation today, it is more important than ever to decrease your days sales outstanding (DSO). Automation and Payment Connectors . Payments made via check, echeck, EFT, and ACH can all be automated with the use of a payment connector and AR automation.
Emagia
FEBRUARY 5, 2023
These days, with various data points related to your customers available in the public domain and technologies available to collect and analyze them in the way it is required, the credit authorization process is mostly driven by data and analytics provided by AR automation tools.
Expert insights. Personalized for you.
130 
Let's personalize your content