Accounts Receivable Software

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FACT ERP.NG is an unified, affordable and flexible ERP solution for all your business processes that include Accounting, CRM, Payroll, Inventory, Manufacturing and more. Manual work can be reduced by automating your processes. Better business insights can be derived with intuitive user interface of FACT ERP.NG. The software can be integrated with systems to give you data in no time. A 360 degree solution can be provided by fully-integrated system that gives you everything you need to manage your business effectively. Access Controls/Permissions, Accounts Receivable, Ad hoc Reporting, Alerts/Notifications, Audit Management, Audit Trail, Bank Reconciliation, Benchmarking, Billing & Invoicing, Budgeting/Forecasting, Contact Database, CPA Firms, CRM, Customizable Branding and Customizable Invoices are some of the features that can be included in FACT ERP.NG.
NOLA is an all-in-one platform built for Businesses and Contact Centers that allows you to communicate on your customer's channel of choice, better manage agents, clients, and stay miles ahead of the competition. You will be able to automate communication across all channels with customizable features tailored to the wants of your client base. Your business needs can be managed on one easy-to-use all-in-one platform. As you get built-in protection, your team stays within the law but can perform at the highest level. Access Controls/Permissions, Access Management, Accounts Receivable, Agency Management, Alerts / Escalation, Calendar Sync, Calendar/Reminder System, Call Disposition, Call Logging and Call Monitoring are some of the features that can be included in NOLA.
Gaviti is an Accounts Receivable Software that can be used by for collections teams which enables SMEs to get more of their invoices paid faster. The complete collections process, from automating highly personalized dunning emails to perfecting task management can be optimized. Payments forecasting, risk scoring, and actionable insights can be found by collections teams and their leadership to enhance collections performance over time. Your company will become more organized and confident in collecting from past due accounts with Gaviti as it helps you collect money from clients. Cash flow can be accelerated and DSO can be improved with smart workflows that drive on-time payments.

Accounts Receivable Software:

Accounts Receivable Software is a software that are designed to speed the processing of invoices and reduce or eliminate the errors produced in a paper process.
The main purpose of this software is to automate the processes that will include invoice processing and receipt capture features, as well as tracking and compliance measures. Accounts receivable are asset accounts that track the things that a third party owe to the organization. The accounts receivable automation process focus on invoice automation and management.

How to Process Accounts Receivable?

The procedures for accounts receivable need to be set up if you extend credit to your customers. This is required when you allow a customer to take immediate possession of a product or receive a service in return after they promise to pay in the future. So, before they pay you, the customer is allowed to take take possession of your products. The credit card company manages the risk if our business accepts credit cards. However, you need to manage verification of payments and risk if the mode of payment is through cash or cheques.

Benefits of Accounts Receivable Software:

There are many benefits of implementing account receivable management software that include:

Improves your Cash Position:

You will have a very clear picture of your cash position by using Accounts Receivable Software that help reminding customers to pay, identifying invoices earlier in the process, and making it easier for customers to pay. Based on the historical payment history of your customer it is possible to generate a a statistical cash forecast by using this software which would give you an idea what cash you should receive in the next week out to the next month.

Increase Control over Cash and Working Capital:

You will get the insights of the things that need to make strategic investment decisions such as capital equipment purchases, new employee hires, facility expansion, and other investments to grow your business by managing working capital effectively. Managing and improving working capital is possible by understanding your cash position and improving accounts receivable performance which can be done by using account receivable software.
You will also have more cash on hand by improving your invoice collection process. Therefore, control over cash and working capital is increased.

Increase Efficiency of Accounts Receivable Management:

Accounts receivable management software can be used to get organized and to automate tedious tasks that help reducing time spent prioritizing and preparing for calls. reduce time spent managing disputes and increasing the time spend on soliciting customers for payment.

Improve Customer communication, service and satisfaction:

As you can typically do multitasking that include reviewing account information, creating emails, attaching invoices, creating mail merge documents, and logging phone calls from a single screen, the software make it easier for you to communicate with customer and saves your time as well. Also, every communication is stored for future review and analysis.
Automation of invoice delivery to customers can be done using an account receivable management software. The software also alert you to problems with invoices such as missing purchase orders, and all the required information is available in one centralized location. This helps you to serve your customers better, wasting less of their time, and improving your relationship. So they will buy more products and services as they are satisfied by your service.

Minimize Credit Risk:

It is possible to store credit reports from bureaus by using an account receivable management software applications. It also has the facility to send out credit applications and file them against account records, create your own credit scoring formulas, color-code customers by risk level, and setup alerts that will notify you about excessive broken promises and disputes of customers, or accounts that take longer to pay their bills. All this features will help reduce the credit risk.

If you feel it’s high time for you to invest in a Accounts Receivable Software but aren’t sure where to start, then Getatoz is here to help you. There are tons of Accounts Receivable Software available in the market, which one should you opt for? You can browse top Accounts Receivable Software providers on basis of your requirements. Submit your requirement and providers will contact you with their best price offers for Accounts Receivable Software.

Use Getatoz to find the best Accounts Receivable Software for your need. We've helped thousands of businesses choose the right Accounts Receivable Software. Getatoz have some of the Best Accounts Receivable Software Providers of 2022 that can cater to the needs of your organization. By investing your money in the right Accounts Receivable Software software, you will achieve high team’s productivity.

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