AR Automation

Managing accounts receivable can be overwhelming, especially when relying on manual processes. From generating invoices to chasing down payments, it’s easy for things to slip through the cracks, resulting in delayed payments and frustrated customers. However, custom billing software offers a game-changing solution that can optimize your entire accounts receivable workflow. This guide will explore…

In today’s fast-paced world of business, time is a precious commodity. Small business owners in particular, often find themselves dedicating a significant portion of their week to managing their company’s finances. Research indicates that the average business owner spends about 3 hours per week on money management, with 21% devoting over six hours to these…

Effective accounts receivable (AR) management is a cornerstone of successful business operations. However, the traditional manual AR processes involving spreadsheets, paper invoices, and ledger books are time-consuming and highly inefficient in today’s fast-paced business environment. This beginner’s guide is designed to elucidate the concept of AR automation, its pivotal benefits, and how businesses can transform…

Small businesses often face challenges with late client payments and cash flow issues. However, manually sending payment reminders is a laborious task. Fortunately, there’s a more efficient solution. In this guide, you’ll learn how automating payment reminders can completely transform your collections process. We’ll share how to properly set up and customize automated reminders to…

Unpaid invoices can deal a devastating blow to a small business’s cash flow, presenting a significant challenge for owners and managers. To mitigate the detrimental effects of overdue client payments, implementing effective accounts receivable strategies is crucial. Proactive measures like sending invoices promptly, applying late fees, offering payment plans, and taking appropriate collection actions can…