Money, Receivables Management, Trends

Receivables Management: 5 Reasons Why Customers Pay Late and the Solution to Each Case

Next time you call a customer to follow-up on an invoice, it is important you know how to sift through the excuses they give over the phone or in an email. Unless you know the precise reason why they are…

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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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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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AR Metrics

Past Due as a Percentage of Total AR: A Quick Metric

There are a lot of different ways to measure the health of your account receivables and it can feel overwhelming! Each metric has some unique angle; some are monthly metrics (CEI), some are influenced by sales (DSO), some only look…

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AR Metrics

How Effective is Your AR Team?

Sure, some customers will pay you on time. But most of them will need some reminding, either with a follow up email or call. It takes two to get paid; your customers to pay the invoices, and you to hold…

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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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AR Metrics

Getting to the Bottom of Delinquent AR Metrics – ADD

Do you want to know the difference between Average Days Delinquent (ADD) and Days Beyond Terms (DBT)? Are you wondering if you need to measure both? Funding Gates has the answers! Here’s how to provide valuable insight on past due…

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AR Metrics

Best Days Sales Outstanding, The Optimal AR Target

Are you feeling blue because you’re always looking at your past due AR? Look on the bright side! Best Days Sales Outstanding will tell you about payment habits of your best customers. You’re already tracking DBT  to measure delinquent AR and…

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