MANAGING Accounts receivable
Real-time, customizable key indicators
Measure the performance of your receivables to make informed decisions and maximize your cash flow.
Improve your accounts receivable management
Get a detailed view
Identify areas for improvement
Make strategic decisions to optimize your bottom line
Anticipate your customer receipts
Optimize your decision-making with reliable customer indicators
Easy access to all indicators and a clear, precise vision thanks to numerous customizable dashboards.
- DSO (Days Sales Outstanding): standard, by clearance of current period, delinquent and its trend.
- CEI (Collection Effectiveness Index) and its trend.
- DBT (Days Beyond Term) and its trend.
- Ageing balance: accounts, invoices, divisions, sales, reasons for disputes, by history.
- Outstandings: matured, unmatured, net, actual, risk.
- Collection forecasts based on analysis of payment behavior.
- Litigation and customer risk KPIs.
- Automatic lettering KPI.
Manage your teams' performance
Evaluate the efficiency of your accounts receivable team and identify opportunities for improvement to optimize the collection and lettering process.
- Collection rate: This is the percentage of receivables that have been recovered in relation to the total receivables due. A high collection rate is usually the sign of an efficient collection team.
- Average collection time: This is the average time it takes to collect a debt. The shorter the period, the more effective the collection.
- Dispute resolution rate: Measures the percentage of disputes successfully resolved by the collections team. A high resolution rate reflects the team’s ability to manage and resolve disputes effectively.
- Number of actions processed per agent: This gives you an idea of the workload of each team member and enables you to balance it effectively.
- Tracking discrepancies by user: This enables you to harmonize accounting processes by team or entity.
- Customer satisfaction rate: Although the main objective is debt collection, it is also important to maintain good customer relations. This rate measures customer satisfaction with the collection process.t.
- Provisioning rate: This is the percentage of receivables provisioned by age bracket.
Anticipate with cash and treasury forecasting
Get a precise view of your future cash inflows. Not only does this enable you to adjust your cash flow accordingly to optimize your cash management, it also serves as an excellent motivational lever for your team by providing them with tangible, quantitative targets to achieve.
- Forecast customer receipts on the basis of your payment history to benefit from up-to-date, real-time cash flow forecasts.
- Tailor your collection actions to your specific cash flow needs.
- Provide your financial managers (financial controller, treasurer, CFO…) with accurate data for reliable cash forecasts.
- Keep track of your payment times and optimize your WCR for better financial management.
Our customers' testimonials
I generate general weekly reports on overdue amounts, the top 20 most overdue customers, the problems and amounts of disputes, resolution times, etc. All this information from the CashOnTime solution is then presented to the finance department. All this information from the CashOnTime solution is then presented to the finance department.
Accounts receivable manager, in charge of collections
Visiativ
Thanks to the various indicators we have set up, we are now able to measure DSO, in particular that linked to disputes, the rate of promised payments, the level of liquidity, payment times by customer category… Above all, they enable us to track changes and measure the impact of customer receivables management decisions on outstandings and cash flow.
Coordinator Sales Administration Group
Ayming
The tool makes it easy to produce personalized reports independently. Every morning, I look at the amount of payments, the rate of overdue invoices, my ageing balance and the number of invoices in dispute. I also load my credit limits, so I can check which accounts are overrun. I have access to customized reports, including color-coded customer payment habits.
Administrative and Financial Director
Supplay
Our resources on accounts receivable management
Your questions on accounts receivable management
How can you improve your accounts receivable management?
To improve accounts receivable management, it is essential to implement a rigorous credit process, optimize invoicing processes and regularly monitor payment deadlines. Automation is also an essential pillar of this improvement. The adoption of a solution such as CashOnTime, which benefits from artificial intelligence, offers the possibility of automating a multitude of processes, resulting in significant time savings and increased efficiency in debt collection.
Is it possible to automate the entire accounts receivable management process?
Absolutely, and you're in full control. Our automation solution stands out for its flexibility. Our customized approach lets you choose the specific elements you want to automate in your Order-to-Cash process, whether it's managing customer credit and risk, accounting lettering, disputes and deductions, or debt collection.
How much does accounts receivable automation software (lettering and/or collection) cost?
With CashOnTime, the main objective is to meet your functional requirements. The annual subscription will be calculated according to several criteria: the functional coverage of your project, the features activated and the number of accesses required. In all cases, we'll help you choose the best solution at the right price.
