Accounts Receivable

Background – Accounts receivable reporting is critical to ensuring timely collection of payments from customers and managing timely & late payments. It is also key in determining your DSO and ensuring that AR collection and even broader strategies are aligned with revenue & DSO.  

What you get if you just join the tables – No aging of your AR documents obfuscates timely vs late payments. Currency conversion issues make it difficult to aggregate and summarize. Subsequent documents for things like partial payment are not correctly tied to their originating document and this can resets dunning clock leading to misleading aging calculations. 

Simplement Value Add – With Simplement AR smart start you are able to avoid all the headache and get started on all your AR reporting needs out of the box with the following features. 

Aging buckets are calculated dynamically, no more static out-of-date  reporting. Parentage to originating document is guaranteed allowing accurate aging calculations based on the original aging clock for partial payments. Currency conversion is already calculated allowing for accurate aggregations. Missing any of these key features means you don’t have an accurate view of your customer.