Receivable Management services

Overview of Receivable Management

Receivable Management is a Pro-active & Preventive solution to own the complete process of Receivables after Invoicing till collection of money by systematically tracking & following up at each and every milestone to ensure timely Collection of Debt & Reduced DSO.

Receivable management helps in maintaining outstanding payments from customers, warding off overdue or non-payment scenarios, strengthening the company’s financial position, and allowing the business to run smoothly.

How important is Receivable Management to a Company?

By definition, it might seem like an elementary task to perform but in verity, it is the most complex job to administer the receivables as per the nature of the business. It’s no hidden secret that, as the business grows, the process also becomes lengthy and complicated, which tends to be more error-prone. In such cases, the account holder and software ought to be adjusted to fit the business requirements.

Prime Benefits of Receivable Management are:

Better cash flow and reduced DSO.

Receivable management enables business finance to run smoothly, giving a comprehensive overview of cash flow while keeping a record of every transaction. Furthermore, it facilitates business owners to keep track of their day-to-day transactions, preventing them from granting loans beyond their credit policies.

Diminution in uncollectible accounts

Have you ever wondered what would happen if the receivable was faulty?

Ultimately, the business will incur an immense financial loss because of bad debts. Monitoring proper accounts will enable the business owner or account holder to keep a close eye on the payment schedule and regular follow-ups with debtors, avoiding any late payments, resulting in optimal cash flow.

Improves Customer Relations

The receivables management helps in monitoring the buyers and their transactional performance, giving owners the ability to maintain a close relationship with purchasers by providing them with irresistible discounts and coupons holding uninterrupted payment records. Thus, developing a firm and ever-lasting relationship with buyers.

Revenue Growth

Increased revenues result from improved receivable management. When businesses offer credit facilities to their customers, they generate maximum sales volume, since more customers opt to purchase items on credit in order to take advantage of such benefits.

Most Common Receivable Challenges companies face.

Most Common Receivable Challenges Companies Face

Most common receivable challenges companies faces.

What makes us stand out?

Each company faces the challenge of timely and correct collections from customers, and Pro-TEAM Solutions aids its clients with Receivables Management. With over a decade of experience in this field, we are known for our proficiency across India. Our experienced team is familiar with best account practices and uses in-house developed software to meet our clients’ needs and requirements.

What makes us stand out?

We have outlined a few points that summarize our Account Receivable Management process and approach

We have outlined a few points that summarizes Receivable management process and approachs.
We have outlined a few points that summarizes our account Receivable management process and approach.

Life Cycle of Receivables Management

Life cycle of receivable management.

Showroom Inventory Audit

We are one of the leading service providers for retail industry at PAN India level and we offer specific customised services which include showroom audit, compliance audits, warehouse audit, return / damaged stock audit, SOP audit, hygiene audit, dispatch audit, GRN audit, reconciliation and asset confirmation.