• Home
  • SEO
    • SEM
    • Content Marketing
    • Email Marketing
    • Mobile marketing
  • Social Media
    • Facebook
    • instagram
    • LinkedIn
    • Pinterest
    • Snapchat
    • TikTok
    • Twitter
    • WhatsApp
    • Youtube
  • Marketing
  • Crypto
  • Web
  • Tech
  • Economy
  • Business
  • Trend
  • Contact
Search
Sign in
Welcome! Log into your account
Forgot your password? Get help
Privacy Policy
Password recovery
Recover your password
A password will be e-mailed to you.
  • Home
  • SEO
    • SEM
    • Content Marketing
    • Email Marketing
    • Mobile marketing
  • Social Media
    • Facebook
    • instagram
    • LinkedIn
    • Pinterest
    • Snapchat
    • TikTok
    • Twitter
    • WhatsApp
    • Youtube
  • Marketing
  • Crypto
  • Web
  • Tech
  • Economy
  • Business
  • Trend
  • Contact
Home Tech News How technology has made calculating account receivable easier 
  • Tech News

How technology has made calculating account receivable easier 

By
Robert Delong
-
October 16, 2021
0
297
Facebook
Twitter
Pinterest
WhatsApp
    Why To Use Virtual Conference Software
    Account Receivable Calculating Software 

    Calculating account receivable has become easier today, thanks to technology. 

    The function of the account receivable software is to automate the invoicing and collections procedures of a business. This helps a business in different ways – increased accuracy, better management of cash flow cycle, better customer service, among others. 

    Read on to discover other importance of this innovation. You would also understand the features to look out for when getting A/R software. 

    3 Benefits of Using Account Receivable Calculating Software 

    Below are some of the importance of using accounts receivable software: 

    • Cost-effectiveness 

    This software helps a business lower its administrative costs. It’s now outdated for a business to mail invoices and statements to customers. To send these documents via fax machines is also antiquated. Thanks to the digital age, accounts receivable software makes the processes are now automated. Costs on labor and materials like envelopes and papers were also reduced with this software. 

    • Better customer service 

    By communicating better with customers, more rapport is built. Using account receivable software makes this easier. On a screen more can be done. Emails are sent. Phone calls are made. Invoices are attached. Account information can be reviewed with ease. That’s not all; every communication is stored for future reference. 

    • Management of cash flow 

    With these account receivable software comes better cash flow management. Payment of bills and staff’s salaries are paid on time with an account receivable software. It prevents a company from dealing with cash liquidity problems. 

    This valuable software can also be used to remind customers about due payments. Invoices can be identified and sent on time to a business’s customers. 

    Key Features of an Account Receivable Software 

    There are different types of accounts receivable software today designed for different businesses, large or small. However, most of this software has similar features and goals. 

    Below are features to look out for when getting an account receivable software for your business. 

    • Invoice disputes 

    One main reason why most invoices are not paid on time is invoice disputes. Delay will always occur in payment whenever customers don’t agree with some invoices. Good accounts receivable software will provide proper dispute analysis and helps you easily address common disputes. 

    • Call management 

    One powerful way to make customers take action is to execute phone calls. Phone calls help you settle payments with customers faster. Look out for this feature when choosing an accounts receivable software. Make sure it also has the option to transcribe and record all audio conversations. An automated voice recorder is another good feature to consider. 

    • Easy documentation 

    Management of documents is another key feature to look out for in accounts receivable software. It helps you manage numerous documents with ease. When your documents (purchase orders, invoices, and statements) are in order, customers pay on time. 

    • Email management 

    You can automate emails to be sent to your customers with accounts receivable software. This makes tasks easier and faster. What’s required when working with accounts receivable software is your email template and other simple settings. And they are easy to create.  

    Conclusion 

    Software is known to help make work easier and faster, that’s not an exemption for calculating accounts receivable. The software improves the way you do business; it also connects you better with your customers. Finally, the account receivable software provides an effect a/r aging report. Besides, that’s the whole point of an a/r aging report. 

     

    • TAGS
    • Account Receivable
    • Calculating Software
    Facebook
    Twitter
    Pinterest
    WhatsApp
      Previous articleAnother Stimulus Check: Study Reveals A Third Of Americans Need It
      Next articleGolden State Stimulus Check II: October 15 Tax Deadline To Get Your Payment
      Robert Delong
      Robert Delong
      http://digitalmarketnews.com

      RELATED ARTICLESMORE FROM AUTHOR

      How to Maximize Your Productivity with the Latest iPadOS Features: A Step-by-Step Guide

      How to Maximize Your Productivity with the Latest iPadOS Features: A Step-by-Step Guide

      Cybersecurity Vulnerabilities: Is Your Business at Risk?

      Cybersecurity Vulnerabilities: Is Your Business at Risk?

      The Robots Are Coming! Explore The Best Robotic Tech To Have In Your Home

      The Robots Are Coming! Explore The Best Robotic Tech To Have In Your Home

      Recent Posts

      • Review of the Apple iPhone 17 Pro Max: Launch Date, Key Features, Specifications, and What to Expect
      • 8000 stimulus check 2025
      • Ultimate Guide to Bitcoin Mining Hardware : A Beginner’s Guide for 2025
      • How to Maximize Your Productivity with the Latest iPadOS Features: A Step-by-Step Guide
      • Frequently Asked Questions About the 8000 Stimulus Check: Everything You Need to Know for 2025
      • 10 Predictions for Bitcoin in 2025: What to Expect in the Next Five Years
      • AT&T Introduces All-Fi Pro Plan with Automatic Upgrades, Complimentary Boosters, and More
      • Privacy Policy
      • Disclaimer
      • About Us
      • Contact Us
      • Team
      ©