Take a new “flat fee” approach to managing your AR.
Starting at less than $500/a month, gain a competitive advantage by using the AR best practices platform for a flat monthly fee handling an unlimited number of invoices resulting in a better cash cycle, lower credit risk, and fewer delinquencies. A/R Best Practices platform includes credit intelligence from Equifax, lockbox services, daily cash deposits, faster access to cash and professional verifications and collections.
AR Best Practices Fee is offset by internal cost savings
Savings from reduce credit risk with initial credit analysis and on-going monitoring
- Credit scoring service helps you make better credit decisions on who to approve and extend trade credit.
- Manage the risk for your entire credit portfolio by monitoring your buyer's credit standing.
- Get status alerts using automated credit scoring without the costs of paying to pull credit reports.
- AR portfolio segmented by risk levels gives you piece of mind that your buyers can pay.
Savings from automating manual paper-driven processes
- Increased productivity with lower operational expenses, freeing more time to focus on high level activities.
- Lockbox services speed mail delivery and rapid deposit funding to your bank.
- Lockbox services reduce the risk and cost of potential fraud.
- Lockbox services optimize cash flow for increased capital availability with faster payment cycles on invoices.
- Reduce unproductive accounting time spent manually matching and applying payments and generating reconciliation reports.
Savings from skilled invoice follow up support
- Systematic collection procedures including placing verification calls and sending monthly opening balance statements.
- Non-invasive pre-collection best practices saves owners/principals time and focuses effort on key issues.
- Eliminate the costs of professional collectors with the right skills to effectively reduce DSO and write-offs.
Savings from easy implementation
- Securely submit all data online, no software to install
- Provide on-demand, up-to-the-minute AR reporting
- Unlimited training and ongoing support
Contact a Commercial Payment Analyst for a custom AR Best Practices Quote for your business.