Before AI can drive change, leaders must have a clear vision of what success looks like. They should identify business objectives that will be most impacted by gen AI and choose tools and vendors with proven experience in solving those problems. They should also create a data strategy, assessing whether or not new or existing data and datasets are required to effectively fuel AI systems.
Enhancing the efficiency of accounts receivable (AR) operations is crucial for maintaining a healthy cash flow. Yet, outdated manual processes and fragmented systems often hinder finance departments from maximizing their AR potential, leading to delayed access to funds and subpar payment experiences for customers.
With extensive expertise in finance transformation, Inventh’s Accounts Receivable Outsourcing Services offer a proven solution to expedite revenue collection intelligently. Drawing from our hands-on outsourcing experience, we provide invaluable insights to optimize processes and streamline operations for peak performance. Our approach emphasizes centralized shared services operations, standardization, automation, and analytics, empowering clients to accelerate the AR cycle, recover outstanding accounts, allocate payments promptly, and resolve disputes seamlessly, all while nurturing customer relationships.
By partnering with Inventh, organizations can effectively tackle rising labor costs and recruitment challenges prevalent in the U.S. finance and accounting sector, all without compromising on performance. Our highly skilled teams grant immediate access to top-tier finance professionals located in leading nearshore hubs, boasting exceptional English proficiency and extensive experience in managing AR functions for diverse clients across various industries.
- Customer, Pricing, & Items Master Maintenance
- Sales Order Processing
- Billing & Collections
- Cash Application
- Deductions Management
- Revenue Recognition
- Reconciliations & Period Closing Process
- Customer Credit Administration
- Credit & Deductions Management
- Customer Master Data Administration
- Collections Management
- Disputes Management
- Reporting & Analytics
- Customer & Product Support
For Companies with Internal Accounting Staff
Having an outsourced accounting team doesn’t mean replacing your internal team. Some businesses worry that having a bookkeeper or a small accounting team internally might hinder working with an outsourced accounting firm. On the contrary, we value partnering with your internal staff and strive to support them through collaborative teamwork and top-notch financial management.
Businesses To Outsource the entire accounting department
Inventh offers a dedicated team of seasoned financial experts to each client, serving as their complete accounting department. Our Inventh teams consist of a CFO, Controller, Accounting Manager, and Staff Accountant. Weekly reports ensure thorough communication with stakeholders, fostering comprehensive financial transparency.
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Read About Digital Transformation
Top Technologies Shaping the Future
The relentless pace of technological advancement is reshaping our world, propelling us toward a future defined by innovation and efficiency. As we peer into the horizon of the next few years, several transformative technologies stand out, promising to redefine industries, enhance user experiences, and push the boundaries of what’s possible.
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