Objective
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Receivables Management is a Pro-active & Preventive solution to own the complete process from invoicing till collection of money by systematically tracking & following up at each and every milestone.
Ensuring timely and correct collections from customers is an important task for every company & Pro-TEAM Solutions helps its clients by implementing Receivables Management Process.
There by eliminate the hurdles in processing the invoices & payments by the customers.
Pro-TEAM Solutions offers a custom made ONLINE-SOLUTION for Receivables Tracking
based on its research and working experience with various companies over last 10 years
We are here to help!
Is Collection Money a Challenge for you.
- Due to the pandemic spread, most of the customers have not started their operations from offices, (operating from home) or have started with constraints.
- No dedicated Collection team / Dependency on Sales team for follow-up
- Sales team / Collection team finds it Difficult to travel due to the restrictions and fear of the pandemic spread.
- Difficult to Review & Monitoring of in-house team on collection progress.
- Customers also Avoiding physical meetings, expect mail communications.
- Customer Contact details are normally Scattered/Outdated with various executives.
- Issues with Customers are not immediately addressed or escalated which delays complete payment processing cycle.
- Non /delayed submission of invoice & supporting documents
- Lack of Consistent follow up and Reminder system which can Reduce DSO
Challenges Every Organization Faces
Our Solutions
- Working capital blocked due to delay in collection of receivables
- High accumulation & write off of debtors as bad debts
- High number of Receivable transaction under Reconciliation
- Funds to make up the Working capital deficit is costlier
- Dependency on Sales & Accounts/Finance team for collections
- Less time to concentrate on Core Competencies
- Problems in Collection from Customers at different Geography
- Frequent movement of team & training the new team affects the overall AR process
- Managing the complete end to end receivables immediately after invoice is being raised till it is collected
- Support over any chosen segment of the invoice life cycle
- Generating & Dispatching the Invoices
- Regular follow-ups to speedup collections
- Sending Reminders & timely escalations for necessary actions
- Proactive steps to ensure completion of pre collection activities & coordinate in resolving the customer queries.
- Systematic collection procedures after payment delays
- Periodic Customer Balance Confirmations & corresponding Reconciliations
- Receivable Analysis & MIS for Decision making
Pro-Active, Systematic, Preventive, Ownership, Focused
Pro-Team Value Add's
Ensuring Completeness of invoice before submission to customer
Personal handover of the bills & obtaining acknowledgement
Get ALL OK confirmation from customer to process the bills
100% customer visits to push for immediate collection
Target to achieve maximum collection of collectible bills with due date. Aligning of expectations with division heads