A Solution to Transportation Accounts Receivable

Currently, most transportation companies rely on either accounts receivable factoring services or freight invoice factoring to speed up their payment processes. However, a study conducted by Ernst and Young shows that services aren’t really working for the transportation industry. In the current state of transportation invoicing, it costs about $2-$5 to create the invoice, another $10 to process the payment and up to $15 per call when a dispute arises. That is a lot of money that is being siphoned out of a company just to get paid what you are due.
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4 Ways Wholesale Distribution Accounts Receivable Software Simplifies Collections

Wholesale distribution is an ever increasing market that is facing a lot of global competition at lower margins. Between managing the supply chain, quality control and delivery dates, among other important processes, paying attention to cash flow tends to get pushed to the wayside. However, cash flow is what keeps your company running. In order to manage time and accounts receivable in a more efficient manner, many companies are turning to wholesale distribution accounts receivable software.
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Top Four Financial Challenges of Non-Profits And How to Fix Them

Working for a non-profit is a mighty cause, but it can also be a mighty challenge. Compared to accounting peers at for-profit organizations, a non-profit’s budget is much smaller and has less resources to work with. Unfortunately, these aren’t even the biggest challenges that finance professionals at non-profit organizations have to work with.
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Features of Accounts Receivable Software for the Medical and Healthcare Industry

Collecting from customers in the medical and healthcare industry isn’t simple. Due to many laws that are in place, whatever system you use for collections needs to be extremely secure. Trying to reach out to each individual customer under these circumstances can prove to be time consuming and difficult. The only way to overcome these hurdles is by finding the right accounts receivable solution for your industry. Below are 4 of the most important features that should be included in an accounts receivable solution for the medical and healthcare industry.

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4 Reasons Manufacturers Need to Automate Accounts Receivable

In the manufacturing industry, you often have many customers with many invoices to send out. In fact, we’ve seen manufacturing companies with over 100 invoices to send just for one customers. If those invoices are being sent out manually, either by printing and mailing or email, that could take hours. How do you expect to make follow up phone calls or spend time collecting from customers if you can barely get their invoices out on time? Automated accounts receivable software eliminates these manual tasks so you can focus on the most important aspect: collecting payments.
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Automated Accounts Receivable Software for IT Providers

As an IT provider, you are often inundated with publishing updates, responding to support requests and maintaining other customer requests and complaints. Since a majority of the technology sector has switched over to a subscription basis, invoices often need to be sent out on a regular basis to tons of customers. Attempting to do this manually, on top of all the other tasks that are needed to be done, can seem almost impossible. In order to properly manage accounts receivable as an IT provider and get paid on time, many businesses are turning to automated accounts receivable software.
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Automated Accounts Receivable Software for Financial Institutions

The concept of collecting on your accounts receivable quickly in order to maintain healthy cash flow is not new to those in financial institutions. Financial concepts are second nature in these businesses, however, that doesn’t mean that it is always easy and quick for you to collect on your outstanding accounts. Unfortunately, financial institutions still face the same hurdles of late-paying customers and mistakes on invoices.
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Speeding Up Payment in the Construction Industry

Unfortunately, the construction industry tends to get the short end of the stick when it comes to getting paid on time. They have some of the longest wait times to receive payment among all B2B industries. Typically, this is because the construction business has longer project times than most other industries. A product is not simply being handed over, but rather a long project is taking place that involves many different companies that all need to get paid. Clients can often come up short. In order to combat this, many B2B companies are turning towards automated accounts receivable software to speed up client payments.
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Benefits of Accounts Receivable Software to Computer Software Companies

Those that either develop or sell computer software are aware of the benefits of automation and using software to complete manual tasks. Chances are, you are constantly preaching this to customers. We are always telling them that automation is the most efficient way to run a business and to never store information on disparate systems. Despite knowing that this is the best way to work and run a business, not all computer software companies are following this mantra.
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Six Industries with the Worst Payment Records

One of the most frustrating areas of running a business is dealing with late payments. No one wants to track a client down to pay. A study of worldwide payment behaviors by Euler Hermes found that the total number of late payments has actually increased. This is not good news for anybody, but it’s worse for some than others.
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