AR Metrics, Receivables Management

How To Set Accounts Receivable Goals | Infographic

As an accounts receivable professional, you may be thinking, “of course I have a goal, my goal is to get customers to pay!” Unfortunately, that’s not specific enough to be an effective goal. To be successful, you need two things;…

Continue Reading

Case Studies

Extra Pair of Hands Raises the Bottom Line at Social Intelligence

As the office admin at Social Intelligence, a bustling data analytics company, Alexis Leitner had a lot on her plate. In addition to her day-to-day tasks, she was processing more and more new invoices and payments. She just didn’t have…

Continue Reading

FG Philosophy & News, Money

Accounts Receivable Management: 13 Tips and Tricks to Get You Paid

Ever wish you could just snap your fingers and start getting your late paying customers paying on time? Dream of your delinquent accounts miraculously mailing you in a check? Sadly there is no (yet) discovered magic that can help make…

Continue Reading

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…

Continue Reading

Money

Delinquent Accounts: The 3 Simplest Ways to Get Them Paid Fast

Nobody likes those words: delinquent accounts. Just hearing the phrase makes most business owners cringe. Delinquent accounts are synonymous with many things: a lack of cash, strained customer relations, losing sleep, unknown pay days, etc. etc. Delinquent accounts are something NO…

Continue Reading

Money, Receivables Management

How to Word Your Past Due Letter

Late payments are a common occurrence for small businesses, but through consistent Receivables Management, you can whip all your customers into reliable, on-time payers. Besides being organized, how you word your past due letter is the most important step towards…

Continue Reading

Money, Receivables Management

101 Ways to Optimize Your Receivables Management

Think about this: 43% of small businesses have customers who are more than 90 days past due on payments. In fact, 1 in 4 have serious trouble collecting payments from their customers. Late paying customers are a true epidemic and…

Continue Reading

FG Philosophy & News, Got Invoices?, Money

Send a Reminder Before an Invoice Becomes Past Due

Late payment calls or emails can be awkward, and they can distract from the more important aspects of your business. Avoid chasing down your clients for payments by sending a friendly reminder before the payment is even due. A Friendly…

Continue Reading

Case Studies

Rip Van Wafel Strikes Starbucks Distribution Deal with Help of Funding Gates’ AR Manager

When Dutch-born Rip Pruisken found his products being distributed throughout the 7,500 Starbucks stores in the United States and Canada, managing receivables became a top priority for them. Funding Gates’ receivables management tool has helped carry their enterprise to the…

Continue Reading

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 has been servicing about 500 customers from multi-family businesses, commercial properties and non-profit organizations for over 5 years. Recently, they found a way to reduce the…

Continue Reading