The daily activities of your business can be more easily managed, connected, automated, and optimized thanks to Axolon ERP software Dubai.

1. What is the administration of accounts
receivable? You should be aware.
Effective accounts receivable management is essential to maintain cash flow, ensure
timely payments to customers and optimize working capital. In ERP related blogs, it is
important to understand and communicate key principles and strategies for effectively
managing customer accounts. Here are some key points to cover in such a blog:
Customer account definition: Start by explaining what accounts receivable is. They
represent the amount of money that a customer or customer of that company owes for
products or services provided on credit.
Role of ERP system: Discuss how ERP systems play an important role in managing
accounts receivable. They provide a centralized platform to track customer invoices,
payments, and outstanding balances.
Payment and invoicing: Describe the importance of accurate and timely billing. ERP
systems can automate this process, ensuring invoices are generated quickly and
accurately.
Credit policy: Emphasize the importance of clearly defined credit policies. ERP
systems can help determine credit limits, terms and conditions for different customers.
Customer information: Explain how ERP systems store and organize customer data,
including contact information, credit history, and payment preferences. This data is
essential for effectively managing customer accounts.

2. Terms of payment: Discuss different payment terms, such as net 30 discount, net 60
discount and early payment discount. The ERP system can automatically calculate due
dates and discounts. Aging report: Emphasize the importance of legacy reports that
categorize unpaid invoices by age. ERP systems often generate these reports to help
businesses identify delinquent accounts.
Recovery process: Explain the collection process, including contacting customers
regarding past due balances to encourage payment. ERP systems often have built-in
tools to track collection efforts.
The daily activities of your business can be more easily managed, connected, automated,
and optimized thanks to Axolon ERP software Dubai.