The average company writes-off about 1.5% of their revenue. That may not sound like a lot, but for a $50M business that is $750K a year. Accounts receivable tips can help you get paid faster and reduce invoice write-offs. Here are a few of our top accounts receivable tips to get paid faster.
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One of the challenges with Invoice Software, any kind of software, is getting stakeholders on-boarded. Invoice Software could be used by your employees, customers, suppliers and partners. This is why it’s important to make sure that everyone involved can access your invoice software for seamless processing and sharing. Here are a few things to consider when you are looking to integrate a new Invoice Software solution.
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“Accounts payable scanning is old technology,” is a popular refrain that comes up as we talk to organizations. They have issues with their accounts payable department, specifically getting invoices into the system. Although accounts payable scanning provides an alternative copy to paper, it does not truly help to document and store the vital data on the invoice. Once an organization realizes they have a solution, the question is what to do. This blog will focus on some of the pitfalls at looking at an accounts payable scanning solution.
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