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Many companies still manage their A/R with outdated Excel spreadsheets,
CRM data, or Aging Reports
It’s important to stay ahead of technological trends so that your
company doesn’t fall behind.
When invoicing customers, problems can occur:
When invoicing customers, problems can occur:
• Invoice or statement could be sent to the wrong address
When invoicing customers, problems can occur:
• Invoice or statement could be sent to the wrong address
• Billable rate or freight rate could be incorrect
When invoicing customers, problems can occur:
• Invoice or statement could be sent to the wrong address
• Billable rate or freight rate could be incorrect• The customer could be tax exempt
When invoicing customers, problems can occur:
• Invoice or statement could be sent to the wrong address
• Billable rate or freight rate could be incorrect• The customer could be tax exempt• Or your transaction document could be missing the
purchase order
Your staff is the oil that keeps the engine running. If they aren’t
motivated, nothing will get done
A/R is likely your second biggest account, managing it must be a top
priority
Your customers are human and are likely to pay their statement or invoice
on their time
If you don’t give them enough time, you will run into payment problems
Offering only one or two payment options is simply not enough. It makes
it difficult for customers to pay you
We’ve all had clients that are unresponsive, inconsistent, and don’t ever pay their invoices or statements
on time
Consider finding alternative clients and replacing your bad clients entirely
