MANAGING Accounts receivable
Real-time, customizable key indicators
Measure the performance of your accounts receivable 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
Forecast your customer cash receipts
Optimize your decision-making with reliable customer indicators
Easy access to all indicators and a clear and precise vision thanks to numerous customizable dashboards.
- DSO (Days Sales Outstanding): standard, by clearance of current period, delinquent and its trend.
- CEI (Collections Effectiveness Index) and its trend.
- DBT (Days Beyond Term) and its trend.
- Ageing balance: accounts, invoices, divisions, sales, reasons for disputes, by history.
- Balance: past due, current, net, actual, risk.
- Cash receipts forecasts based on analysis of payment behavior.
- Dispute and customer risk KPIs.
- Automatic matching KPI.
Manage your teams' performance
Assess the efficiency of your accounts receivable team and identify opportunities to optimize the collections and matching process.
- Collections rate: This is the percentage of receivables that have been collected in relation to the total receivables due. A high collections rate is usually the sign of an efficient collections team.
- Average collections time: This is the average time it takes to collect a receivable. The shorter the period, the more effective the collections.
- 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 specialist: This gives you an idea of the workload of each team member and enables you to balance it effectively.
- Tracking differences by user: This enables you to harmonize accounting processes by team or entity.
- Customer satisfaction rate: Although the main objective is collections, it is also important to maintain good customer relations. This rate measures customer satisfaction with the collections process.
- Allowance rate: This is the percentage of receivables reserved for each aging bucket.
Anticipate with cash and treasury forecasting
Get a precise view of your future cash receipts. 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 concrete, measurable goals to achieve.
- Forecast customer cash receipts on the basis of your payment history to benefit from up-to-date, real-time cash flow forecasts.
- Tailor your collections 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 past-due 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 promises to pay, 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 balance 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 past-due invoices, my ageing balance, and the number of disputed invoices. 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 about 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 lead times. 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 collections.
Can the entire accounts receivable management process be automated?
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 is managing customer credit and risk, accounting matching, disputes and deductions, or collections.
How much does accounts receivable automation software (matching and/or collections) 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 enabled, and the number of accesses required. In all cases, we will help you choose the best solution at the right price.
