How to Reduce or Prevent Receivables Headed for Collections

Getting money from customers is never easy.  After all, customers want to hang onto their cash. 

But businesses must work incredibly hard to collect receivables in a tough economy.

While it is not realistic to think that a business will collect all its receivables, efficient cash application and receivables processes are critical to navigating an economy where it is harder for clients to make payments, and cash flow disruption is pushing more businesses towards bankruptcy. 

Changing credit and collections practices only go so far.

In times like these, businesses need automation to stay on top of their collections. 

IOFM’s latest white paper details the challenges receivables teams face during a recession, the shortcomings of manual, outdated approaches to cash application when staff work from home, and how automated accounts receivable solutions accelerate collections, no matter where staff work.

If your department wants to collect more of its receivables, faster, this white paper is for you!