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Aging buckets are calculated dynamically, no more static out-of-date reporting.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.
Harness the Strength of Instant Insights
Boost your accounts receivable management with Simplement’s innovative real-time analytics. Our solution offers seamless data integration and insightful analyses that enhance your financial understanding. With features like customizable dashboards and user-friendly reporting tools, you can track cash flow, manage aging reports easily, and make informed choices to improve your revenue collection strategy.
Picture having instant access to important metrics that show your business’s real-time status. Move past tedious manual calculations and embrace automated, accurate data, allowing you and your finance team to respond quickly to overdue accounts while ensuring compliance and precision in your financial reporting.
Join successful businesses that rely on Simplement for their AR needs and see how real-time data can transform your operations.
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