Gain Control of Accounts Receivable Processes to strengthen the company’s liquidity position with FinRise Advisors, through aging monitoring, minimizing Days Sales Outstanding (DSO) whilst maintaining good customer relations.
Maintaining all the documents required for the receivables functions such as Contracts, Sales orders, Customer PO, amendment agreements, important email communications etc.
For many customers, the countdown to the due date begins not when the invoice is posted or entered into accounting software, but when they receive the CORRECT one. We excel at issuing ACCURATE Invoices on time & Tax filing Online. We ensure that our Client’s customers receive the Invoice through the medium they prefer. It could be emailing an Invoice to them or uploading the same on the customer’s Web Platform such as COUPA, ARIBA, TUNSTEN or their in-house invoice approval tools.
We guarantee up-to-date accounts receivable balances by accurately applying payments and credit notes to invoices, conducting regolar bank reconciliations, and ensuring that the aging of our accounts receivable is current.
We employ timely and persistent follow-up methods to ensure prompt collection of outstanding payments from customers. We also take necessary steps to facilitate timely payments from Customers,by ensuring that invoices contain the correct purchase order number, are approved properly, and are supported by the appropriate contract or sales order.
It is of prime importance to find means and ways to manage Accounts Receivable effectively to ensure the receivables in the Balance Sheet get converted to cash ASAP. To put it simply; Accounts receivable management can make or break a business.
Punctuality and Accuracy, being on top of our list of VIRTUES, we have already helped our Clients to recover more than $5 million worth of overdue invoices.
We look after the entire Accounts Receivable Cycle right from Issuance of sales order to recovery of cash from the customer. For FinRise Advisors, It’s not only about reminding the customer to pay on time.
Timely Cash Collection which ensures reduction in overdue AR.
Better cash flow forecast resolting from better control over receivables.
Early identification of probable bad debts helps in being proactive in taking corrective measures.
Increased control over cash and working capital.
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