Accounts Receivable
It may take a significant investment in time and resources to reassess your Accounts Receivable processes, but the reward can be an immediate improvement in cash flow that lasts indefinitely. Business fundamentals make a focused approach on Accounts receivable not only necessary but also an essential part of the revenue cycle for an organization.
The order to cash service offered by Datamatics includes all the adjacent services integrating the complete revenue cycle starting from order to collection.
Service Description
As one of its premium services Datamatics offers a complete Accounts Receivable service including dispute analysis, reconciliation and reporting. From the point invoice data is available through to the posting of cash received to management reporting, the Datamatics advantage lets clients concentrate on their core business. Our service is designed to develop an integrated solution with Scanning, Indexing & Routing. The integration of web and phone orders with ERP systems increases value for our clients.
The following services are offered in the complete Order-to-Cash cycle:
- Order Entry
- Collections
- Issue research and resolution
- Cash Application and Posting
- Customer Account Reconciliation
- Bank deposits and Reconciliations
- Credit Card Administration & Processing
- Closing & Reporting
- Management Reporting and KPI monitoring
E-Receivables Manager (trademark registered)
Datamatics has developed a standardized workflow encompassing the complete Order to Cash cycle using a web-enabled tool (E – Receivables ManagerTM). Our process expertise is supported by an advanced imaging and workflow technology, which integrates with all major ERP systems like SAP, PeopleSoft, Oracle, JD Edwards and Great Plains. Unlike the typical outsourcing arrangement the order – to – cash service at Datamatics can generate value beyond cost containment. Our service will help answer questions and analyze the process for optimization.
- Who owes us money?
- Which customers are past due on their accounts?
- Which customers have less sales this year than last year?
- What invoices did this check pay?
- Are we reminding our customers to pay on time?
- Which invoices are currently in dispute with customers?
- What did the customer buy on this invoice?
- Which commissions are due to be paid this month?
- What’s our breakdown of sales tax liability per tax locality?
- Why did we issue a credit to this customer?
- Which customers are most important to us?
Benefits of using Datamatics for Accounts Receivable
By boosting working capital the Accounts Receivable service will help in improving the debt – to – equity ratio and thus reduce external financing needs and enhance credit ratings.
- Cost savings as a result of outsourcing and a quantum leap in operational efficiencies
- Visibility of key statistics resulting from an Analytical approach to Accounts Receivable
- Scalable solution capable of handling increases in processing work loads
- Paperless back end invoice processing with improved lead times, TATs
- Better control over invoice handling and status tracking across the enterprise
- Accurate and informative financial reporting leading to better visibility for the Management