Take a look at this slide deck to learn the benefits of accounts receivable management software and how automating accounts receivable can help you increase cash flow, reduce bad debt, and much more.

1. Freedigitalphotos.net
Accounts Receivable Management
Doesn’t Have to Look Like This.
11 ways to take away the pain of managing accounts receivable.

2. Did You Know…
39% of invoices are paid late
17% of customers do not adhere to credit terms
48% of customers delay payments
52% of businesses ask for extended payment terms
Avg. DSO (61 days) is more than 2X avg. payment terms (28

3. As those stats prove, collecting outstanding accounts
receivable is hard… but it doesn’t have to be!
Many companies have the right people, and some have the right processes, but
most lack the right tools that pull those things together for easier and more
accounts receivable management.

4. The result is a disconnected, inefficient, and ineffective approach to managing
what is likely one of your biggest assets- your outstanding invoices.

5. What are some of the most common causes of slow
customer payments?
• Not enough human resources to carry out the many tasks for invoice collection.
• Collection procedures and processes are not standardized.
• Not getting invoices to customers quickly enough.
• Accidentally sending invoices with incorrect or missing information.
• Sending information to the wrong person or contact information.
• Not having enough time or information they need to follow accounts receivable
management best practices.
• more.

6. Accounts Receivable Management Software helps companies avoid
those problems by bringing together the people, information, and
and processes they need to address those challenges and eliminate
common mistakes.

7. With the inclusion of accounts receivable management software into your collections strategy,
you’re going to see some pretty amazing things happen, some of which include:

8. Your collectors will spend less time preparing for calls and
searching for information and more time talking with customers
about payments or disputes. With A/R management software, all
customer account information will be stored in one central place,
available in one screen.

9. You’ll be able to get invoices to customers much faster;
allowing them plenty of time to process their payment within
terms. Additionally, account receivable management software
allows you to automate the creation of invoices and attached
PDF’s to emails.

10. You will see a significant reduction in the frequency of invoice disputes, and when they do
happen, collectors will have everything they need to quickly settle them.

11. Customer communications and reminders will be
automated so customers know when they are
approaching terms, when they have reached terms, and
far beyond terms they have gone without your collector
to spend time researching and sending that information.

12. Collectors will no longer waste time
prioritizing their daily activities. With A/R
management software, Your collectors will log in
the software every morning and a list will
automatically appear telling them exactly what
need to do, when to do it, and why. As they
the actions on the list, it will update itself and
your collectors on track.

13. of invoice disputes may be related to missing or
incorrect Purchase Order information.With accounts
receivable management software this won’t be an issue
for you any longer!The system will notify you when an
invoice for is missing information so you can fix it
it before it is sent to them so they have no reason to
delay payment.
49%

14. You will be able to make payment easier for customers by enabling secure online bill-pay
options. The easier it is for customers to pay you, the faster they will do it!

15. Improved customer satisfaction and relationships. Your
customers want to pay you on time and many times late payment is
their fault, it’s yours. Software will help you improve invoice
timely delivery, and it will make your company more pleasurable to
business with.

16. You will have improved reporting and insights for better
decision making and more accurate cash forecasting.

17. You will see real results
such as. . .

18. 10-20%
Reduction in
Days Sales
Outstanding
(DSO)

19. 15-25%
Reduction in
Past Due Receivables

20. 15-25%
Reduction in
Bad Debt Reserves

21. That’s according to this industry report from
PayStream Advisors
Click here to download!

22. You work hard to make sales and you deserve to be paid for it. Accounts receivable
management software is they key to making sure you’re not only get paid, but that you’re
getting paid on time.

23. Access our resource guide to learn more about the tools, features, and functions in
accounts receivable management software that will help you automate your most time
consuming tasks, increase your cash flow, reduce bad debt, and make collecting outstanding
invoices easier than ever before. Click below to get started.