Do you ever feel like you lose sight of your invoice as soon as you send it off? Do you ever sit in your office wondering if your customer ever received the invoice? You’re not alone.Many A/R professionals have that same experience due to a lack of functionality and visibility in their accounting software and other AR processes.
Accounts receivable automation software integrates with your ERP software to give companies insight into what exactly is going on with their invoices from beginning to end for more effective management and improved cash flow. Continue reading
Chardon, Ohio, March 27, 2014-Today e2b teknologies, publisher of Anytime Collect accounts receivable management software, announced a multi-company conglomerate located in the Caribbean has chosen Anytime Collect for integration with their QuickBooks accounting software to be used in multiple companies throughout the corporation. Continue reading
You are probably familiar with the Jeff Foxworthy jokes, “you know you are a Redneck if…” So, as the publishers of accounts receivable management software, we figured it was time to have a little fun and come up with our own rendition.
You Might have an A/R problem if…
- Your idea of collections management involves intensive military training and a baseball bat.
- You are considering an alliance with a large person downtown named “Guido”.
- Your monthly staff meeting agenda has time dedicated to plotting which customers’ A/P departments to infiltrate and overthrow.
Chardon Ohio, March 25, 2014-Today e2b teknologies announced the company will exhibit its credit and collections management software, Anytime Collect, at the Mid America Trucking Show. Anytime Collect provides trucking, transportation, and logistics companies with an alternative to invoice factoring. Anytime Collect will be showcased at booth #76205 in the pavilion section of the Kentucky Expo Center in Louisville, March 27-29.
Whether you are a small law firm or a large one, whether your expertise is in corporate, healthcare, tax, or any one of the many other areas of legal practice, you’re firm likely struggles to quickly collect the money owed to you. Accounts receivable is, to many attorneys and firms, a by-product of doing business; it is not billable work, it’s administrative. While that is true, it does not matter how many hours you bill if you don’t get paid.
If you want to improve your law firm’s accounts receivable results, then it’s important to note that the difference between A/R success and failure is found in your firm’s attitude about collections and the processes and techniques used to carry them out.
No matter your size or whether you are a carrier, 3PL, broker, etc, cash flow is always a challenge in the transportation and logistics industry. To deal with this chronic problem, many companies try to free up cash through reducing operating costs, decreasing capital spending, restricting operations, and utilizing invoice factoring companies.While all of that may lead to more cash on hand, it won’t make enough of an impact to really change anything and selling your invoices comes at a serious cost in terms of fees and even your company’s reputation.
Like many companies in the transportation industry, you’re likely neglecting an extremely significant opportunity, optimizing your freight invoice management process. You’ve already earned the money; don’t give it to factoring companies- keep it for yourself!
As a reseller and developer of leading ERP systems, we know what a powerful and important tool it is for any company. But we also know that, like all software, ERP systems have limitations- A/R management is one of them. They notoriously lack the depth of functionality, insight, and automation required to properly manage the complex and time consuming accounts receivable process.
Put most simply, A/R management software does it better, and here’s why.
You put together a marketing campaign and successfully carried it out using your marketing automation software and CRM. Those marketing efforts brought in a great lead and your sales team nurtured them through the sales cycle with the help of CRM and other systems. Now the prospect is ready to make a purchase and become a customer. Nice! But your work is not done yet. From here you will discuss and agree upon pricing and payment terms, create a quote and contract, manage the order and delivery of the goods/services, draw up and invoice, send it, and receive payment…right?
Wrong. Continue reading
This Thursday, in a 1 hour webinar, we will define and teach you the 17 Secrets of Credit & Collections Management that will help you improve your accounts receivable processes and techniques to help you invoice more frequently, communicate with your customers more efficiently, and quickly collect the money that is owed to you. Continue reading
Collecting outstanding accounts receivable is becoming an increasingly frustrating problem for companies throughout the advertising industry. Every day spent waiting for payment depletes a firm’s ability to cover financial obligations and grow their practice. In response to this, many Ad firms are turning to invoice factoring. Invoice factoring in the Advertising industry is a relatively new practice and while it does provide companies with fast access to cash, there are some significant risks associated with it that you need to know about. Continue reading
While days sales outstanding and average days delinquent are critical to measuring the health of your credit collections efforts, there are other accounts receivable metrics which are just as important that many companies overlook, customer interaction metrics.
Think about it this way, you track customer movements through marketing and sales with detailed accounts of every communication or interaction you have with them, but then once the sale is made all of that detailed documentation stops. What about accounts receivable? How do you know your customers are happy or that your collectors are communicating with them enough? Continue reading
Tradeshow season is here and we are excited to get started! If you will be attending any of these spring and summer events, stop by our booth to learn more about Anytime Collect accounts receivable management software, grab a booth giveaway, enter to win a prize, or come by to say hello!
Upcoming events where you can find us include: Continue reading
March 11, 2014, Chardon, OH- Today e2b teknologies, publishers of Anytime Collect accounts receivable management software, announced the Company’s partnership with Solupay to extend the software with online bill pay capabilities. Companies using Anytime Collect can now accept payments from their customers online to further simplify and streamline the accounts receivable collections process. Additionally, collections professionals can now take credit card payments during phone calls with customers from the Anytime Collect software. Continue reading
The drive to improve efficiency in accounts receivable management comes from a number of places, but one of the most critical reasons to focus on collecting on invoices faster is the direct impact collection efficiencies (or inefficiencies) has on cash flow. How are you handling accounts receivable management today? Continue reading
A recent blog we discussed Days sales outstanding (DSO), a common calculation used to determine the health of a company’s accounts receivable. In that blog it was pointed out that that DSO, while it is an important metric, it alone is not an accurate representation of your accounts receivable success or failure. DSO should never be the end-all be-all of a company’s A/R checkup. Other accounts receivable metrics and trends should be analyzed along with DSO, including average days delinquent (ADD) the topic of today’s article. Continue reading