The Benefits of Accounts Receivable Automation

The accounts receivables is a big challenge for businesses. Any business could always use additional cash to pay its vendor or invest in growth. Also, much smaller business do not have the expertise to deal with receivables process and collections. Unlike many other fields, process improvements in finance are easy to measure, so benefits can be quantified, and you as a business manager or owner can make informed data-driven decisions. Here are few reasons to

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How To Work The Aging Report

Working the aging report is the most crucial and time-consuming task collections specialist working in house have. An aging report is usually available with a click from any software used to invoice the clients. Usually, the ERP or the main accounting solution for business use. For smaller businesses, there are invoice-only solutions that can provide such report. For best result, before combing through the report you must determine what is your goal, this will affect

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How To Make A Collections Call

Collections in general and collections call in particular aren’t a science but an art. The general perception is that collection calls are something unpleasant that both sides would like to avoid. It couldn’t be further from the truth. If done correctly it could be one of the best and most useful interactions for your clients and you. Here are a few time-proven tips to ace collection calls: Prepare – before calling a client regarding an

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Biggest Time Wasting Traps In Collections And How To Avoid Them

There is a good reason most businesses will do anything in order to avoid dealing with their overdue clients. It is time-consuming and not a glamorous task at all. While you cannot (or can you?) eliminate your involvement with your receivables and debtors completely, you can be more productive if you will be able to avoid these few traps that waste a lot of your time: Gathering information – in order to get started, you

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Collectors In Tall Hats

The Europeans are known for the passion to enjoy everything life has to offer. In Spain, this is true about their 3rd party collectors as well. While the last couple of years the Spanish economy is peaking up, the last decade or so wasn’t easy. The unemployment went drastically up (up to 30%), businesses went bankrupt and many others started to fall behind on payments. In Spain, the payment terms are historically long and can

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How To Get An ∞ ROI ?

Business owners and managers seek value an ROI. They are right. It is the best way to grow the business. Any sales proposition will include an estimated ROI calculation. This way, you the business manager can make an informed decision. You are going to invest some dollars in next project, what are you getting in return? How about infinite ROI? If you invest nothing and get something… that’s an infinite return Before you spend resources

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