2019, a year of digital reckoning
Every new year brings an opportunity to revisit what was done (or not) in the past, re-assess and come up with new resolutions. 2019 will be no exception. And although there are plenty of new exciting technology trends out there (AI, blockchain, Robotic Process Automation etc.), we believe 2019 should be a year of reflection, of revisiting concepts we already know – but don’t quite get – and redefining them.
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5 order-to-cash performances metrics to look at
Establishing performance indicators for your order-to-cash cycle is a very beneficial step in optimizing your accounts receivable. This will allow you to get a better picture of your performance and what to improve. By doing so, you’ll be able to make decisions that are more in line with your company’s reality. Here are 5 key indicators for accounts receivable that can clarify how to optimize your sales cycle.
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5 ideas to optimize your cash flow
Having sufficient cash flow is a major concern for just about any company. Reducing the time it takes for your customers to pay is crucial in improving your cash flow, but it’s not easy to do—especially knowing that 4 invoices out of 10 will not get paid on time. Discover some things other than decreasing payment time that can be done to optimize your cash flow.
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Automate accounts receivable to ensure the integrity of data
One of our clients, a sporting equipment company, was in the process of examining its systems and processes. This impressive company had been growing rapidly. It was producing more than 65,000 invoices a month, and up to 3,000 were being disputed on a monthly basis. The accounts receivable staff was large, but they couldn’t handle all the work manually and meet the deadlines. See how the company automated its processes and digitized their accounts receivable.
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Direct mail will continue to be popular in 2019
2019 is just around the corner and predictions and trends are in full swing. While digital transformation has marked these last few years for businesses, the digital transition is going to continue and find its cruising speed. Although all of these promising technologies will definitely make great strides, some traditional technologies won’t necessarily disappear, like direct mail, for example.
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