Accountants

“Irreconcilable Differences” Do Not Apply to Cash Flow Management

Most accountants are all too familiar with the “end of month crunch”: those dreaded few days when time has a disobliging habit of speeding up as the to-do list grows exponentially. Even the most seasoned of CPAs have a tendency…

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Uncategorized

A Streamlined AR Management Process for 3BG Supply

From transmission belts to electric motors, 3BG Supply Co. (an acronym referring to its founders, the “three bald guys”) helps customers purchase industrial MRO products without the hassle. By developing technology to improve an industry rife with inefficiencies and decades-old…

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Management

Paralysis by Analysis: The CFO and AR Management

The so-called “centipede effect” happens when a normally unconscious activity is disrupted by consciousness of it or reflection on it—a golfer thinking too closely about her swing, or a businessman devoting too much thought to how to tie a tie.…

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Accountants

When The Accounts Receivables Manager Lacks the Right Tools: Five Challenges

“It’s a poor craftsman that blames his tools,” is a threadbare yet misunderstood expression. The adage is often interpreted to mean, “tools don’t matter, skills do.” But any accomplished creator will vouch that part of being an expert craftsman is…

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Case Studies

Cultural Media Inc. Fine-Tunes Their Accounts Receivable Process

In 2011, Chicago-based Cultural Media Inc. launched as a publishing house catering to museum institutions. While working with leading establishments including the Art Institute of Chicago; the Museum of Fine Arts, Boston; the High Museum of Art, Atlanta; and the Huntington…

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Accountants

Three Ways to Improve Outstanding Accounts Receivable Balances

It’s no secret that a stronger financial and working capital position is more important than ever when sustaining and growing a business. As a result, it’s imperative that your business revisit the facets of your financial supply chain to ensure…

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Case Studies

An Improved AR Process is a Game Changer for West Technology Group

Founded in St. Lucia in April of 2010, West Technology Group excels at helping small and medium sized businesses maximize their productivity and profitability by providing reliable and affordable technical support. Functioning as their clients’ comprehensive IT department, their team…

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Case Studies

Account Receivables Management Visibility Improves Operations at MightyHive

Managing 150 customers’ outstanding invoices is possible. But when those invoices range from $250 to well over $700,000 and are managed by an outside source whose work you can’t see…. well that’s like a blindfold race where you hope your…

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Case Studies

How Cano Electric, Inc. Cut Their Accounts Receivable Management Time By 75%

Cano Electric, Inc. is a full-service electric company located in Fort Worth, TX. It’s owned and run by Larry and Deborah Cano who oversee 19 employees. It has been servicing about 500 customers from multi-family businesses, commercial properties and non-profit…

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