How to Reduce Receivables Management Labor By 30% or More

receivables managementAre you working too hard on receivables management? No doubt it’s an important part of any business, but many are working harder than they are smarter. If you’re still printing invoices and stuffing envelopes, you may very well be wasting your time and slowing down your company’s order-to-cash cycle. This is usually due simply to the fact that these processes are incredibly time consuming, tedious, and do not lay the foundation for fast and effective invoice collection.
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Is There Fraud Risk in Your Accounts Receivable Collection Process?

fraud with accounts receivableMore and more accounting progressionals support making the move from paper checks to paperless payment processes and this is the case for many reasons. For example, going paperless can make the payment process easier for customers and streamline accounts receivable collection for your company, but security is a major driver of the change as well. According to a recent business payments study, 45% said that paper related to accounts payable, such as checks, invoices and contracts, creates a serious risk. Further, 30% said that they have had a client victimized by fraud related to the bill payment process!
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Working with ISO/MSP Merchant Service Provider

ISO/MSP merchant service providerTo accept credit cards at your business, you need to establish an account with a credible merchant service provider. Not all merchant service providers are the same. It can be difficult, if not impossible to compare them side-by-side as each one has their own formulas for calculating rates and some provide more tailored services that may be more beneficial for your business. We experienced this first hand when it came to selecting a provider for our Anytime Collect solution. Here are a few of the things we thought about as we made out selection to ensure our product and more importantly,our customers would be backed by a quality merchant service provider.

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How to Get Paid A LOT Faster with Electronic Invoice Presentment and Payment

Electronic Invoice Presentment and PaymentMost businesses are all too familiar with the significant problems, frustrations, and expenses related to paper-based invoicing and payment processes. What if you could rid yourself of those headaches once and for all, improve customer service, and get paid weeks faster with less effort? Electronic invoice presentment and payment automates the entire process and can shave days off the collection process so you can turn invoices into cash faster. Join us to learn more.

Date:  Thursday, October 8, 2015
Time:  10:00 AM PT / 1:00 PM ET
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White Paper Highlights the Benefits of Electronic Invoice Presentment and Payment (EIPP) and Addresses Frequently Asked Questions.

Electronic Invoice Presentment and Payment (EIPP)(Chardon, OH) September 30, 2015- Today e2b teknologies, publishers of Anytime Collect accounts receivable management software, announced the availability of a new white paper titled, “Making Customer Payments Easier with Integrated Credit Card & ACH Transactions.” The white paper serves as a guide to help B2B companies understand the electronic invoice presentment and payment (EIPP) process and the benefits of moving away from traditional paper checks.
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What’s Slowing Down Your AR Collection Process?

AR collectionThere are many variables that can lead to late invoices, but many companies find that the process of manually producing and sending invoices to be the factor that contributes most to an inefficient AR collection process. According to recent research, over half (52%) of businesses are sending invoices through the postal mail and if you’re among them, you have a huge opportunity to improve your AR collect process efficiency, effectiveness, and overall expense.
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Defeat Overdue B2B Invoices with Electronic Invoice Presentment and Payment

Most B2B credit managers, collectors, or financial executives are well aware of the problems that plague most A/R departments. For example, the expense of the time and materials required to create, print, and mail paper invoices and statements or the wait for an invoice to be delivered to the customer by the postal service and subsequent waiting period for payment to be returned. Then there are the excuses for late payment. We know you’ve been told a time or two that, “the check is in the mail” or “we never received the invoice in the mail.”

All of this can wreak havoc on cash flow when invoices are held up, delayed, or disputed. Luckily though technology such as electronic invoice presentment and payment can help you rid yourself of these costs and pains to reduce outstanding invoices.
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Collect Invoices Faster With Electronic Invoice Presentment and Payment

Electronic Invoice Presentment and Payment One of the best ways to increase timely invoice collection is by allowing customers the option to pay you the way they prefer to pay their vendors. If you do, then they are much more likely to pay your invoice(s) before other vendors who are less flexible in their payment forms. Credit Today revealed in results from recent research on B2B payment behavior, that traditional forms of payment such as cash and paper checks are continuing to become less popular as electronic invoice presentment and payment options gain popularity. Is your organization ready?
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