Improve Your Profits by Outsourcing Accounts Receivable Services

Advantages of Outsourcing Accounts Receivable Services In our technologically advanced business environment, maintaining a strong cash flow is essential for rapid growth and success. This requires that capital as well as credit is readily available to meet the demands of expansion, research, acquisitions, staffing and more. By outsourcing their Accounts Receivable Services businesses can focus on those areas and tasks that hold greater promise for their business and future. The various Accounts Receivable Services that can be outsourced are

- Preparing of bills (as required by TAD)
- Recording and accounting for revenue
- Entering receivable transactions into the accounting system
- Preparing and delivering of periodic statements
- Issuing of credit memos and refund checks approved by the customer
- Maintaining subsidiary receivables ledgers
- Carrying out process adjustments approved by the customer
- Applying cash received to customer accounts
- Resolving short pays
- Preparing credit and collections

Outsourcing companies in India use highly upgraded software such as QuickBooks, CheckMark, MultiLedger and M.Y.O.B. in order to consolidate the printing, mailing and electronic delivery of their Accounts Receivable services. Outsourcing companies also are experienced in the invoice design, formatting, composition and printing of the invoice document. Invoices are custom formatted, according to pre-defined business rules, resulting in documents specific to each customer. The other benefits of outsourcing Accounts Receivable Services include

- Consolidation of print, mail and electronic deliveries from one source
- Immediate access to document images, thereby saving time
- Quality assurance processes, which improve customer loyalty
- Universal repository for all documentation required for customer service
- Any time retrieval of documents and data through a common web browser
- Minimization of delinquencies and bad debt
- Increased cash flow and salvaged revenues
- Reduced processing costs by up to 70%
- Reduced billing support costs and DSO
- Customized inbound/outbound account handling programs
- Accurate handling of data.
- Professional handling and ongoing monitoring of customer disputes and discrepancies
- TQM and other quality improvement programs that ensure continuous improvement
- Confidentiality of data ensuring security
- Cost-effective services and quick turnaround time

With highly efficient staff and ensured customer security, outsourcing of Accounts Receivable Services help businesses to concentrate their effort, time and money on other profitable areas and tasks. The quick turn around time and cost-competitive services provided by outsourcing companies work as an added bonus towards outsourcing of Accounts Receivable Services to India.