Accounts Receivable Automation

AR automation offers a tailored approach for various business roles. CFOs can use it for financial planning, accountants benefit from simplified reconciliations, and business owners enjoy quicker collections and improved financial management. CFOs, AR Managers, and AR Collection Teams – all have different roles to play in the entire  AR management process  and therefore need access to different things, different information and, of course, different set of analytics.  Accounts Receivable Automation  Solutions, such as Inebura, gives you the option to add multiple users with completely different access so as to make the process more efficient and productive. It also gives you the option to customize the information that can be accessed at these user levels. In this blog, we will explore what Inebura can  deliver to different users FOR CFOs: CFOs do not need to get into detailed analytics – all they need are insightful data points that are unbiased and help them m...

To maintain financial health, B2B startups need AR management tools to automate collections, monitor receivables, and reduce manual errors. These tools are vital for keeping cash flow steady and improving overall financial efficiency. B2B Collections: So, what's it all about? Let’s solve this conundrum today. The process of collecting unpaid invoices from businesses or firms that owe money to another business is known as business-to-business (B2B) collections. This keeps companies' finances stable and guarantees that unpaid invoices are promptly collected. So how you strive to Improve Your B2B Accounts Receivable Process? Improving your B2B collections process is essential for maintaining a healthy cash flow and ensuring timely payments from your clients. Here are a few steps you can take to enhance your collections process: Provide explicit payment terms:  From the start of the business relationship, make sure your clients are aware of your payment terms. This includes statin...

B2B startups rely on AR management solutions to maintain financial stability. By automating payment tracking and reducing delays, these tools ensure smooth cash flow, helping startups achieve success in their early stages of growth. In this age when India has become the hot bed of startups and with such a thriving eco-system to support the startups, it is still pertinent to remember that 80-90% of startups fail, as per a report by IBM. According to the Startup India program, around 27,000 startups registered under the program till 2020 and almost all the reasons why Indian businesses fail early, are connected to innovation and leadership: inadequate business models, bad planning, flawed consumer insights, or a lack of unique ideas. If we specifically look at the B2B space, the traditional B2B supply model is built on credit. Companies that ventured into non-secured credit and without any credit rating policy dictating the credit line failed as well as companies who didn’t manage their ...

Cloud-based solutions are empowering businesses to transform their AR management processes with automation, real-time data access, and enhanced collaboration. By moving to the cloud, companies can streamline workflows, reduce manual tasks, and gain better insights into their cash flow. Cloud Computing and the use of  Cloud-based Solutions , both in the current context and in the future, is being ranked among the most significant trends in the  management of Accounts Receivable . Cloud-based AR Solutions are becoming exceedingly popular, thanks to the growing demand for integration, as well as the mandatory migration that many ERP and Digital Operating Platform Providers, such as SAP S/ 4HANA are gradually implementing. Even in scenarios where businesses are intending to maintain on-premises solutions in the near to medium term, implementation of cloud extensions and hybrid solutions can greatly assist businesses when they decide to make the switch at a later stage. In fact, in...

  Navigating financial metrics can be challenging, but the bad debt to sales ratio is a crucial one to understand. This clear guide will walk you through the essentials of this ratio, explaining how it is calculated and what it reveals about your business’s ability to manage credit risk. With this knowledge, you'll be better equipped to make informed financial decisions. Managing an organization's  accounts receivable  is one of its most important tasks. It guarantees that the business promptly and physically collects the money it earns on paper. Accountants use a variety of performance indicators to monitor their work and help them respond proactively to possible issues. One such figure is the ratio of bad debt to sales. It is vital for Leaders to comprehend bad debt prior to computing the ratio. Any amount of money due to a business that it does not anticipate receiving is referred to as bad debt. There are several reasons why payments cannot be collected, including ins...

Compliance is a key factor in ensuring that accounts receivable management is both effective and sustainable. By adhering to regulatory standards and internal controls, businesses can avoid the pitfalls of non-compliance, such as fines, legal disputes, and damaged reputations. In addition, a strong compliance framework helps streamline accounts receivable processes, leading to faster collections and improved financial outcomes. To make sure that all the nodes in the  Account Receivable  life cycle are done in accordance with recognized standards, compliance is used. Compliance establishes a norm to prevent fraud, dishonesty, and misconduct. To ensure compliance, one must abide by internal corporate policy and also the law. It regulates all processes and transactions. This blog will discuss the  importance of compliance action , compliance standards, how it affects businesses, and the best ways to achieve compliance. TWO METHODS TO ACHIEVE COMPLIANCE: Establishing a standa...

  Credit scores are a significant factor in the decision-making processes of B2B companies. From selectingsuppliers to determining payment terms, credit scores provide a quantifiable measure of risk. Companies that understand how credit scores affect B2B business decisions can better position themselves for success by managing their scores effectively. Managing an organization's  accounts receivable  is one of its most important tasks. It guarantees that the business promptly and physically collects the money it earns on paper. Accountants use a variety of performance indicators to monitor their work and help them respond proactively to possible issues. One such figure is the ratio of bad debt to sales. It is vital for Leaders to comprehend bad debt prior to computing the ratio. Any amount of money due to a business that it does not anticipate receiving is referred to as bad debt. There are several reasons why payments cannot be collected, including insolvency or nonpa...