Signs your Accounts Receivable process needs modernising

Despite the importance of AR and the risks associated with outstanding debt, many businesses don’t enforce AR processes, controls and visibility to protect their business and cashflow. Basic AR policies often exist around what to bill, how to much to bill and when to bill but they are often not stuck to or enforced through processes. Furthermore tasks such as tracking, alerts, reminders as well as managing collections, risk accounts or risk cases are neglected until it is too late.

Many AR teams are still struggling with a long list of exceptions, manual tasks and risks along the AR process. It is also true that while Accounts Receivable might seem like the cause, the actual cause of issues may be further up the Quote to Cash process in sales order processing, contract management, terms, credit checks etc.

Here some common signs you have an Accounts Receivable or wider Quote to Cash challenge: