For an organization to meet its goals in terms of cash flow, it needs to have effective Accounts Receivables services and process ensures that companies can get back their payments in a shorter duration of time, improve their collection rates and ensure faster processing of invoices which will all contribute to increasing the cash flow.
Inventh helps businesses to run efficiently, more profitably and help businesses to increase the performance of their AR department by reducing Days Sales Outstanding (DSO) and increasing overall work capital. Our solution delivers measurable results by aligning our technology solutions with human capital resources. In credit based business environment, Timely collection of accounts receivables is an extremely important source of cash inflows. The accounts receivable portfolios can amount to over thirty percent of a business company’s assets. Inefficient collection can amount to 25% of the asset base of a business could put the very existence of the business at stake.
Accounts Receivables Services Includes
- Order management and invoicing
- Remittance processing
- Cash application and posting
- Customer collection management
- Refunds and settlements
- Billing preparation
- Entering receivable transactions into the accounting system
- Record and account for revenue
- Issuing of credit memos and refund checks approved by the customer
- Maintaining subsidiary receivables ledgers
- Preparing and delivering periodic statements
- Carrying out process adjustments approved by the customer
- Applying cash received to customer accounts and resolving short pays
- Accounts receivable deductions management services
- Preparing accounts receivable reports
