Collection of Accounts Receivable
Problem
Low rate and efficiency of «Debtors Management» business process. Some employees form lists of debtors on the a daily basis, other employees check and issue documents, send notifications, follow-up payment status. Irregular following-up. Accounts receivable are heavy
Solution
As scheduled, the software robot: -Checks debtors in internal systems and documents -Using templates, forms messages to clients with amounts due, due time, a manager in charge written in -Updates accounts receivable status -Drafts a progress report with indicated status of check for each client
Advantages
Reduced employees’ time expenditures for the business process
Reduction of accounts receivable
This is how our robots can help:
- Automate the process of collecting accounts receivable by automatically sending out payment reminders and tracking customer responses.
- Identify and prioritize accounts that are overdue and require immediate attention.
- Generate reports on customer payment history and trends, helping to identify potential issues and areas of improvement.
- Automate the process of sending out invoices and collecting payments, reducing the amount of manual work required.
- Integrate with existing accounting systems, allowing for seamless data transfer and improved accuracy.
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