keep the cash flowing
One of the most important basic business concepts that all successful organisations understand is the importance of cash flow management. Your ability to meet your financial obligations depends on it. Without it you can’t acquire stock, meet payroll, or simply stated, run your company.
Today’s accounts receivable departments face challenges surrounding the management of diverse forms of information they are required to handle. This might include invoices and statements generated from a core accounting system, emails, notes, and written correspondence related to customer service and collection activities, and many others including delivery notes and purchase orders. Without easy access to all this information, employees with customer service and collection duties can’t effectively do their jobs. This can cause debtor days outstanding to creep and subsequently cash flow to slow.
The question becomes how to easily and cost effectively gather all of this diverse content and make it readily available to the user who needs it to do their jobs? The highgrove Solution was designed to accept and manage these diverse forms of content. Within the Document Management solution, invoices and statements can be imported automatically from the accounting system. Related documents can be added too, such as emails, written correspondence, and notes to provide complete documentation of a transaction and to ensure that the accounts receivable process runs smoothly.
The highgrove Document Management Solution provides easy access to the right information to ensure that the accounts receivable process runs smoothly and the cash keeps flowing.
Typical Documents that are managed in this process are:
- Purchase orders
- Dunning Letters
- Delivery notes
- Signed proof of delivery
- Collection Notes
To find out how one of our solutions could benefit your organisation, please Contact highgrove