Accounts Receivable

The management of accounts receivable as part of working capital aims to secure or release liquidity by reducing the receivables position in the balance sheet, focusing on speeding up customer payments, and reducing the time receivables are outstanding within the order-to-cash process. ​

Overdue accounts receivables are critical to your business as outstanding invoices can negatively affect it. Maintaining a relationship with a client is valuable but getting them to pay their bill on time is essential. You can help to prevent overdue accounts by implementing consistent processes.​

An active receivables management should ensure that the customer is granted an economically reasonable payment term. It’s essential to have transparency of your customers and open accounts, and have efficient and effective collection processes in place.

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On demand webinar:
How to tackle your working capital

In the last few months, we have seen how important liquidity is: as the COVID-19 crisis hit, a threat to the survival of many companies surfaced within the first few weeks. More than ever, this shows the importance of working capital management as an existential element to the financial health of your business. Watch our on-demand webinar on working capital optimization.

Does this sound familiar?

My customers often pay late, and I have high amounts of overdues.

I have too many unbilled receivables.

We have multiple, non-standardized payment terms and a lack of transparency when negotiating with customers.
We lack transparency that is required for effective negotiations with our customers.
Our DSO is increasing, which leads to the need for external financing.

Problems with Accounts Receivables we encounter often.

Does this sound familiar?

  • My customers often pay late, and I have high amounts of overdues.
  • I have too many unbilled receivables.
  • We have multiple, non-standardized payment terms and a lack of transparency when negotiating with customers.
  • Our DSO is increasing, which leads to the need for external financing.

Benefits

Up to 20% reductions in days sales outstanding

Up to 50% reductions in past due receivables

Up to 25% percent reductions in bad debt reserves

Accelerated collection due to structured follow-up on overdue and almost due invoices

How it works

With AIOinsights, we create the required transparency to reveal areas of improvement, highlighting specific observations in payment terms application, process inefficiencies, and customer segments.​

With AIOintelligence, we evaluate improvement concepts using advanced algorithms to optimize accounts receivable through customer segmentation and evaluation of payment term scenarios and expected cash inflow through process improvements.​

With AIOimpact, we initiate, execute and monitor short- to long-term improvement measures that leverage a library packed with best practices, tracking the implementation progress, such as realizing cash collection on the invoice or customer level.​

In addition to our AIO platform, we offer managed consulting services to optimize your order-to-cash process.​

Optimize your Accounts Receivable.
Get in touch today.

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