A robust 360-degree Receivables Analytics solution
A powerful way to intensify your working capital and revenue position through Accounts Receivables analytics.
Streamlined stats for Account Managers to identify actionable insights for business units and customer receivable insights to improve credit’s recovery and cash flow, optimize the percentage of receivables conversion.
Pinpoint customers where business has more outstanding credits in a chronological manner along with aging to avoid them from becoming bad debts.
Avoid potential bad debts by viewing receivable aging reports that show unpaid invoice balances and their outstanding duration which assists in performing targeted recovery operations.
Analyze industry comparisons and trends to understand customers in better ways and also to help business negotiations for pricing, services and product sales.
A bird’s eye view on outstanding receivables, receivable trends, credits aging, and recovery managers at the region, state, division, and branch levels.
Compare the percentages for receivables and bad debts over a period of time to devise a plan of action by improving business functions.
Invoices are paid late in the United States
Late payments are due to compliance or administrative problems such as incorrect invoices or receiving the invoice too late to process payment on established credit terms
Financial executives stated that customers didn’t pay on time because they either didn’t have the money or they were unable to contact the customer to resolve the issue
Businesses in the Americas lose 51.9% of the value of their B2B receivables that are not paid within 90 days of the due date
Companies who rely on manual processes to manage collections, spend 15% of their time prioritizing their activities, 15% of their time gathering information to make collection, and only 20% of their time actually communicating with their customers about payment
Source – Anytimecollect
