Speed Up Receivables – Build Up Revenues
Anyone working in finance today understands that every minute and every dollar counts-because small units of money accumulate and grow quickly. The sooner an organization starts controlling outstanding receivables, the sooner receivables will become revenue. Conversely, every delay in the receivables processing cycle represents funds that could have been used (or earning interest), but instead are lost in the abyss of "days outstanding". Businesses that "speed up" receivables processing can expect to benefit from:
- Faster cash flow
- Minimized undeliverable mail
- Maximized pre-sort and postal discounts