accounts receivable management

Introduction Efficient records management in any small business is paramount as it ensures healthy cash flow. The accounts receivables and payables management records have a unique significance in the business world. Let’s dive into detailed information about Accounts Payable and Receivable Management and their importance. What is Accounts Payable Management? Let’s first understand, what are […]

In today’s increasingly competitive business world, corporations are looking for any means possible to improve their bottom line. Project Managers can assist in this endeavor by using their knowledge of the AP system and its processes to suggest ideas that will save time, money, and resources. If you are looking for a way to improve […]

Accounts receivable for a layman can be defined as a sum of money that an entity owes to an organization in the form of a legally enforceable claim for the payment of the goods or services bought on credit. Most business owners raise the accounts receivable in the form of an invoice which is delivered […]

Digitizing the accounts payable and receivable management systems is a must for every business enterprise. Automated solutions help in not just reducing the costs of AP and AR processes, but also improve their efficiency, many times over. Here are some key advantages of automation: 1. Faster quote to cash cycle. 2. Reduced errors in invoices. […]

43% of small organizations have customers who are over 90 days past due date, on payments. Indeed, 1 in 4 of these small organizations have several troubles collecting payments from their clients. Late paying clients are contagious among small businesses and can harm a small business’ capacity to operate. Overdue accounts cut into the business’ […]

Any Accounts receivable process has a key role to play, in the success of a company’s bottom line. The invoice collection process must be taken as seriously as the core business process. The process should be organised in such a manner, that there are no leaks in the system and the payments are duly processed […]