ACCOUNTS RECEIVABLE - SERVICES

We provides accounts receivable outsourcing services that improve collections, along with the company's lifecycle from order to cash. Our accounts receivable implementation is in accordance with the best practices and delivers frequent analysis, automation, reporting, improved communication and flexibility. The practices cover collections, credit, cash receipts and applications, payment terms, individualized contract management, and electronic and paper-based procedures for billing.

In today’s business world, outsourcing accounts receivable services have become popular, as cash flow is of utmost importance in every enterprise. Typically, the business' performance becomes more predictable when collections and cash flows are timely. But companies have to ensure that they derive the maximum output from the amount they spend on managing their receivables.

We keep you informed about your customer relationships and receivables through our regular reconciliation and analysis provided all through the order to cash cycle. We recognize and resolve any causes for payment delays in the course of our efforts towards continual improvements.

Our Accounts Receivable Solutions :

We offer the following services :

• Updating accounts receivable for collection, besides reconciling bank account credits
• Updating invoices into accounts receivable (invoice processing services)
• Uploading electronic invoices onto your systems, after transmitting these electronically
• Updating factoring of accounts receivable
• Following up collection of accounts receivable, along with monitoring
• Updating accounts receivable for collection, besides reconciling bank account credits
• Preparing and sending account statements
• Escalating/alerting you about differences found while reconciling your records with account statements.
• Using invoices raised to date to prepare cash flow summary for the past and future
• Preparing accounts receivable reports based on analysis of accounts receivable by age, business segment, customer, etc.
• Statements that you require, such as total cost per line item, analysis by program or project code
• We can create invoices based on documentary evidence such as service/ product delivery confirmations and sale order copies

Reasons for Outsourcing Accounts Receivable Services :

• Increase in recoveries and cash flow
• Unapplied credit elimination
• Bad debt reduction
• Delinquency minimization
• Operating cost minimization

Why Choose Passion Accounting?

Besides backend of accounts payable solutions, we distinguish ourselves from our competition by:

• Lower costs
• Greater flexibility and speed
• Virtual extension of your credit department
• A common web browser for retrieval of data and documents at any point of time
• A problem-solving approach and processes for quality assurance to improve customer loyalty
• All documentation related to customer service in a single repository
• A highly experienced collections team that increases salvaged revenues through primary charge-offs
• Time savings through quick access to document images by many users
• Streamlining of receivables to improve productivity with the help of services related to accounts receivable deduction management
• A single source of delivery for documentation for accounts receivable, such as consolidated electronic, mail and print delivery