Oftentimes, we find ourselves chasing after customers for payments, spending hours phoning or messaging customers, who fail to respond. Traditional A/R methods can often time be quite outdated and lead you to spend a good amount of time chasing around payments, which customers do not end up paying. Automating accounts receivable will not only help free up your time but allows the allocation of important resources to different aspects of your business. By utilizing an automated system, you are able to control all communication with customers and streamline the process used to collect payments.
Here’s why you should be automating accounts receivables today:
-
Easy and Effectiveness
Automating your accounts receivables offers you a logical and effective way to structure the user experience and customer journey in relation to your payment. These systems offer you a seamless transition from manual input to a more controlled and logical step-by-step process. Upon signing up to AR software such as AR Collect, you are able to input all your customer data through your accounting system, which offers you convenient two-way integrations. This ensures that you are always up to date on all your collectables.
-
Management Tool
AR Software offers managers and business owners a unique tool in the form of a CRM/Management system. Management is able to access this software from anywhere at any time, offering them the ability to constantly be in the loop and see whether or not their employees have completed their tasks. AR Collect’s convenient notes section offers employees the ability to include information about when last they contacted their customers, as well as their responses.
-
Standardizing Processes and Procedures
One of the main attractions A/R management software offers its users is the ability to streamline their communication process. From automated invoicing to direct payment options and past due notices, this type of software can directly impact the user journey. You have the ability to help them along using a structured and logical process.
Interested in learning more about AR Collect? Check out our features here.
