Accts Receivable
Accounts Receivable Solutions
Know what you’ve got tied up in AR, which customers have the most risk, and how that’s changed over time
Reducing a company’s Accounts Receivable is an integral part of a company’s overall cash flow strategy. Proper Accounts Receivable management can be the difference between perpetual stagnation and dramatic growth.
Companies that provide too much trade credit to their clients open themselves up to increased risk and reduce available working capital to fund growth projects. The goal of this AR Solution is to provide management and accounting with up to date, accurate information on how their customers are paying, who is late, and identifying areas of increasing risk.
iQ AR Analysis solutions deliver answers and insights to your most important questions
Customers are grouped to provide an high level view of total AR exposure. This can be sliced to see how much is 30, 60, 90 and 90+ days late. Data can be refreshed on a regular basis(daily or more frequent if needed) to provide cash managers with current information to make better business decisions.
All customers are linked with drill capability, to their corresponding parent company, geography, products sold, sales rep, and cost center, which will typically be listed in other areas of the interface. Quickly tie outstanding balances with invoices to communicate with clarity to customers what is outstanding, how long, and what the purchase order was for.
Display the AR balance on a customer or group level to see which customers consistently carry a balance and identify changes in customer behavior that might increase your company’s risk. Have a client whose balance has quickly ballooned but has no history of carrying a meaningful balance? Discover changes quickly to ensure you get paid for your products or services.
Which of my customers are approaching or have exceeded credit terms?
Build in KPI indicators to display at a glance customers that are approaching or who have exceeded their credit limits. providing this information to your sales team can prevent additional exposure by limiting new business from being conducted with poorly performing customers.
Time dimension handling
The standard solution includes adjustments for fiscal vs. calendar time (if needed), period-over-period, rolling period, and last 12 period analyses. Standard periods are years, half years, quarters, months, and days.
Excel Integration
CFO’s and Controllers can view AR results via easy to use dashboard while accounting clerks can use excel as a front end tool. This allows everyone in the organization to operate from a single version
Request a Demo
Ready to see iQ solutions in action for yourself? Then request a demonstration! Not only is it the best way to have some hands on time with iQ solutions, but it’s also 100% free!
