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Keeping cash flowing smoothly is essential for every business—and that’s where accounts receivable professionals come in. They’re the people making sure invoices go out on time, payments come in quickly, and customer accounts are managed accurately. But the role goes far beyond chasing overdue bills, learn more in this article.
Discover what creditworthiness means, why it matters, and how it impacts loan approvals, interest rates, and financial opportunities. Covering the Five Cs of Credit and practical steps like paying bills on time, reducing debt, and monitoring credit reports, this guide shows how to improve your credit score and secure better borrowing terms.
Declining cash flow threatens business stability. Leaders should review receivables, payables, expenses, and payment terms, use forecasts to spot gaps, tighten collections, and align income with outgoings to protect liquidity and support growth.
Accounts Receivable (AR) and Accounts Payable (AP) are core to managing business cash flow. AR tracks money owed to your business by customers, while AP tracks money you owe to suppliers. AR is an asset; AP is a liability. This blog breaks down the key differences, common challenges, and how automation can streamline both processes to improve efficiency, accuracy, and financial health.
Discover five powerful AR automation strategies to rapidly enhance cash flow, reduce Days Sales Outstanding (DSO), and unlock working capital within just 60 days. Learn how automating invoice reminders, leveraging AI-driven prioritisation, swiftly resolving disputes, simplifying payments, and using real-time dashboards can deliver fast, measurable financial results.
In this blog post, we discuss practical steps for effectively handling and avoiding unpaid invoices. From gentle reminders and multiple communication channels to formal demands and legal action, we outline clear strategies to ensure prompt payment.