Not all employees are created equal. Just as you wouldn’t give a “one-size fits all” approach to managing your employees, you can’t approach each employee’s concerns about credit management software the same. Each department has their own tasks to complete and not every concern is the same. When convincing your business to employ an accounts receivable software, you need to show how each department will benefit from it.
Accounts receivable management and invoice collection is by nature a manual process, but it doesn’t have to be. Join us for a webinar to learn the many ways automation can help you get more done, improve accounts receivable performance, and better serve customers without having to hire on additional staff or waste valuable time on administrative tasks.
Date: Wednesday, December 9, 2015
Time: 10:00 AM PT / 1:00 PM ET
There is a growing number of companies who are looking to automate AP and AR management processes. Historically these are back-office processes that were considered just a part of doing business, but today they’re coming to the forefront as a way for companies to become more efficient, eliminate paper, and gain better visibility and control over both sides of the general ledger. But why exactly are companies choosing to replace manual processes with automated ones?
(Chardon, OH) September 22, 2015- Today e2b teknologies, publishers of Anytime Collect accounts receivable management software, announced the availability of a new white paper titled, “7 Fears of Accounts Receivable Management Automation Put to Rest.” The white paper discusses the most common misconceptions surrounding A/R automation which often keep companies from investing in a solution that can help them eliminate inefficiencies in accounts receivable and get paid faster.
In past articles we answered the question, “how many employees does a company need to better manage accounts receivable?” While having enough people is important, we often find that staffing alone is not the culprit of inefficient and ineffective collection efforts; the processes and systems in place are also a part of the problem. Why? because they create inefficiencies that require employees to spend most of their time and effort in the wrong places. Rather than calling customers, handling disputes, or using business intelligence and data to improve the process, they’re spending most of their time digging through emails, updating spreadsheets, prioritizing their daily activities, and putting out fires.
Will you be attending any of these October trade shows? Be sure to by our booth to learn more about Anytime Collect accounts receivable automation software, grab a booth giveaway, enter to win a prize, or just swing by to say hello!
Companies invest in technology for many reasons and usually it is to not replace human involvement, but to enhance it and allow users to work better, faster, and smarter to yield the best possible result from their efforts. The same is true of accounts receivable automation. But how exactly does the software make you, as the person or the department responsible for collecting outstanding invoices better at your job?
Think about all of the things a collector must get done over the course of just one day to manage outstanding receivables; they need to analyze and prioritize their to-do list, hunt down account information and notes, update spreadsheets, record payments, type and send reminder/collection letters and emails, call customers, record communications, create and send invoices, manage disputes, and more. Considering that most companies are short-staffed in their A/R department and a majority of them rely on manual processes, getting everything done efficiently and effectively is nearly impossible. With accounts receivable automation, you can turn the impossible into possible by automating the most tedious and redundant tasks; giving collectors back the time they need to focus on their most critical activities. Continue reading
Insights into productivity lost when companies rely on manual accounts receivable management.
Businesses who struggle to quickly collect accounts receivable often believe they have a hard time because they have too few employees focused on collecting invoices. Here’s the good news: Even understaffed accounting departments can become significantly more productive without hiring additional employees; they just need the right tools. Continue reading