INFO-GRAPHIC: BEST PRACTICES FOR ACCOUNTS REVEIVABLE AUTOMATION
Companies who rely on manual processes to manage collections, spend only 20% of their time communicating with their customers about payment. Too much time is spent manually gathering information and prioritizing actions.
By implementing tools and processes to automate and streamline their account receivables workflows, businesses are able to increase customer facing tasks by over 300%.
This Info-Graphic outlines 5 Best Practices for Accounts Receivable Automation
- Define your Business Model
- Clarify Your Workflows
- Reconcile Workflows
- Simplify Interaction
- Integrate with other Business system
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