5 Accounts Receivable Tasks You Should Automate

Collections is one of the most important areas of a business, however, it also takes up way too much time. A majority of businesses are still manually doing accounts receivable tasks using spreadsheets, highlighters and aging reports. This is not the most efficient of effective way to get customers to pay on time. Most of your time will be spent inputting and extracting data, rather than making those important phone calls to collect.
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The Cost of Not Automating Accounts Receivable

Once you get in the habit of something, it can be hard sometimes to take a step back and realize that it may be a process that is hurting you more than it is helping.  Advances in technology, however, are changing every day and a lot of the processes you might be doing manually could be made a lot easier. The easier these tasks are made, as well, will also decrease your costs, as well. We’re going to lay out the true cost of not automating your accounts receivable processes.
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5 Ways to Gain Time in Credit Management

If you have to talk to customers all day who are giving excuses for why they can’t pay you on time, then your job can get easily frustrating. In the field of credit management, productivity can be difficult with how much stress and frustration comes along with the work. On top of that, often times credit management teams find themselves buried in invoices, unpaid accounts and calls that need to be made. Without proper time management, the job can become seriously stressful.
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