Overdue receivables can be a real headache for entrepreneurs. In fact, they are like speed-breakers of business functioning. Without addressing them, you can get into a real problem of putting your credibility and the reputation of your company at stake. From lost time to some serious damage to your client relationships, the hidden costs can be shocking. And that’s something you must avoid.
Therefore, take charge of your finances and be one step ahead by using the Business Finance management platform aka Accounts Receivable management where you can easily handle your receivables which will consequently help you to make informed decisions.
Advantages Of Using Account Receivable Management Platform
Receive Quick Insights: A single and separate dashboard of accounts receivables will help you to know the current standing of the receivables. The information will include the following :
- The total amount of receivables
- Already received payments
- Pending ones
These quick insights will always keep you on top of your game and thus assist you to operate your business more efficiently than ever.
Get to Assign credit limit and time period: To avoid overdue receivables, one should assign the credit limit and time period to maintain the cash flow of the company. And with Business Finance Manager platform aka Accounts Receivable management, you need to sync your tally data to this platform to get your information and then assign the credit limit and time.
Set Automated payment reminders: Running a business is not a cakewalk. You have to focus on several things more important than looking after your debtors and asking them for payment. With the account receivable management platform, you can set automated payment reminders that will in turn send a message to all your debtors about their respective due payments.
Share Invoice With Follow-Up Reminders: Sharing invoices and records will streamline the entire process for you. Your debtor will have all the details, so there will be no chance of any discrepancies or doubts for the same.
With the help of the Business Finance Manager platform, one can easily handle overdue receivables that usually trouble entrepreneurs. With quick insights, automated reminders, and the assignment of credit limits, an entrepreneur can save the business from suffering huge losses. Henceforth, download zikzuk desktop/mobile app, sync your tally data on mobile, and start managing your enterprise smartly.