Accounts receivable services

Accelerate your cash collection to keep the cash flowing

You should be chasing new business, not delinquent accounts. Good accounts receivables processes boost profits by reducing bad debt, leading to better cash flow and higher available liquidity. We can help.

Get started

Accounts receivable includes:

 Experienced AR team

 Proven process for full ownership of receivables

 Invoice issuance

 Updated AR listings

 Payment collection and follow up

 Vendor/purchaser reconciliations

Don’t let late payment turn into nonpayment

Invoicing your customers should mean money in the bank, not revenue written off. The longer it takes for a business to collect money on accounts receivable, the less likely the business is to ever collect that debt. This problem grows exponentially over time. With timely accounts receivable management, keep your cash flow healthy and predictable. We’ve got the know-how to get it done.

services-ar-01
Customer follow-up

We have the people, processes, and best practices to monitor receivables, nudge customers when they need it, and improve overall collections.

Time savings

Inputting and issuing invoices and receipts, chasing customers for payment, plus tracking, logging, and updating AR listings is very time consuming. We’ll prioritize it and get it done.

services-ar-02
Reduce days sales outstanding (DSO)

We ensure invoices are going to the right person for approval and follow up with the right person for payment. With our proven process, we can collect your money faster and reduce your number of delinquent customers.

Improve accounts receivable turnover

If you’re looking for funding, it’s crucial to have your accounts receivable turnover ratio be as high as possible. When money is collected on time, you’re in a stronger position with investors and banks.

Customers will always pay through different ways on different days – we’ll take care of it.

Get in touch
Andriy Butskiy, Financial Controller, MonkeySoft Solutions, Inc, an ezCater™ Company Photo
Within 6 months of working with Enkel, days sales outstanding [DSO] dropped from 41 to 27 days! We save 40 hours per month on invoicing and collections and we rarely have delinquent customers anymore.”
-   Andriy Butskiy, Financial Controller, MonkeySoft Solutions, Inc, an ezCater™ Company
Blog Resource

9 Tips to Improve Your Accounts Receivable Turnover

Staying on top of your accounts receivable is important for every business given the impact it can have on your cash flow. Follow our 9 tips to improve your accounts receivable turnover.

Read more

Improve AR Process blog post image

FAQs

It depends. A few factors impact pricing, such as volume of transactions and frequency in which you need your statements updated. Please reach out to get a custom quote.

Yes, you can purchase AR on its own or packaged with other services.

We’re not a collections agency. Our process for collecting payment is to reach out multiple times through different channels. In rare cases when this approach is unsuccessful, it’s up to you to decide if legal or further action is required.

We have a proven process for accounts receivable. The first thing we do is ensure we have the correct contacts and understand the approval process for issuing payment. This ensures the invoice reaches the right person, and that it gets approved and paid within a timely manner. When payments are late, we take a multi-channel approach to reaching out to the necessary individuals to understand the reason for the delay and prevent the invoice from falling through the cracks.

Ideally you’re getting paid within the time you have agreed upon with your customer as stated in the terms on your invoice. The longer it takes to collect payment, the less likely it is to receive that payment. This can have longer term effects including a lower AR turnover ratio which could affect your ability to borrow.

Other Enkel Services

Bookkeeping

Payroll

Accounts payable