Account Receivable Management

Gain Control of Accounts Receivable Processes to strengthen the company’s liquidity position with VERVE, through aging monitoring, minimizing Days Sales Outstanding (DSO) whilst maintaining good customer relations.

Pricing

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The main difference between Statistic and Statistics is that the Statistic is a single measure of some attribute of a sample and Statistics is a study of the collection.

Document Management

Maintaining all the documents required for the receivables functions such as Contracts, Sales orders, Customer PO, amendment agreements, important email communications etc.

Issuing Invoices

For many customers, the countdown to the due date begins not when the invoice is posted or entered into accounting software, but when they receive the CORRECT one. We excel at issuing ACCURATE Invoices on time.
We ensure that our Client’s customers receive the Invoice through the medium they prefer. It could be emailing an Invoice to them or uploading the same on the customer’s Web Platform such as COUPA, ARIBA, TUNSTEN or their in-house invoice approval tools.

Receivables Aging

We guarantee up-to-date accounts receivable balances by accurately applying payments and credit notes to invoices, conducting regular bank reconciliations, and ensuring that the aging of our accounts receivable is current.

Receivables Followup

We employ timely and persistent follow-up methods to ensure prompt collection of outstanding payments from customers. We also take necessary steps to facilitate timely payments from Customers,by ensuring that invoices contain the correct purchase order number, are approved properly, and are supported by the appropriate contract or sales order.

Workflow

Contract / terms finalisation with customer

Sales order processing

Issuing Invoices

Uploading of invoice on customer web portals

Preparation of aging and followup

Cash collection and application

Dispute resolution

More About Account Receivable Management

It is of prime importance to find means and ways to manage Accounts Receivable effectively to ensure the receivables in the Balance Sheet get converted to cash ASAP. To put it simply; Accounts receivable management can make or break a business.
Punctuality and Accuracy, being on top of our list of VIRTUES, we have already helped our Clients to recover more than $5 million worth of overdue invoices.
We look after the entire Accounts Receivable Cycle right from Issuance of sales order to recovery of cash from the customer. For VERVE, It’s not only about reminding the customer to pay on time.

Benefits

Timely Cash Collection which ensures reduction in overdue AR.

Better cash flow forecast resulting from better control over receivables.

Early identification of probable bad debts helps in being proactive in taking corrective measures.

Increased control over cash and working capital.