Most businesses across the globe are automating their various business operations to save time and improve the quality of work. They are investing in the AR automation solutions to speed up the various financial operations of their business. This help in reducing DSO, improve payment collections, better invoice management and to maintain a good relationship…
A dunning letter is a reminder sent to the customer stating that an invoice was sent and it is past due. Dunning letters should always include references to the services rendered or product delivered. It should also include a copy of the invoice past due and multiple payment options. We recommend adding a phone number…
What is invoice factoring? When a company uses Invoice factoring, it sells some or all of your company’s outstanding invoices to a third party. For instance, if you have 100 invoices adding up to $44,000 in Accounts receivable, you can sell the invoices rights to a 3rd party for a percentage of the value of…