Outsource Accounts Receivable Services

22

Years of
Experience

10+

Industry
Verticals

5000+

Experienced
Professionals

Trusted by 600+ Companies

Outsource Accounts Receivable Services to the Expert

We have profound experience in maintaining accounts receivable processes for a number of global clients. This includes assisting clients streamline their process by accessing financial and credit history, setting up strict and clear payment terms, online invoicing, offering different payment methods. We also follow a data-driven AR policy and measure the effectiveness of the policy with key metrics like day Sales Outstanding, Collection Effectiveness Index, and AR Turnover Ratio.

Banking on our strategic accounts receivable solutions our clients have been able to build a systemized approach to issuing invoices and collecting payments. The approach has enabled them to develop a neat billing and credit approval process, maintain customer data in a more organized way, fine tune billing terms, reduce waste, and improve bottom line. We also help you track receivables before they become delinquent and create cash flow problems for you. We have the expertise in reviewing open invoices, categorizing customers based on the aging schedule, creating a list of customers with outstanding invoices and more.

Our Comprehensive Accounts Receivable Outsourcing Services

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Sales Orders

Sales Order to Invoice Conversion

Matching Invoices with Customer Payments

Invoice Receipt Verification

Monthly Open Balance Statements to Customers

Cash Application

Credit Memos Processing

Credit Decision Tools with Continuous Monitoring

Monthly AR Ledger Reconciliation

Bad Debts/ Delinquency Managements

Aging Report Preparation and Processing

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The Invensis Advantage for Accounts Receivable Services

Digital Process

Get access to a digitized accounts receivable management process with dashboards to quickly see the status of your receivables track. This helps you have a less time-consuming and real-time experience.

Track & Reconcile Invoices

We track invoices to know the amount paid and the outstanding dues. At the same time, we reconcile every amount paid to ensure that the entry is correct and up-to-date, matching bank statements and every book entry is matched correctly.

Automated Documentation

We have automated workflows which provides you with full visibility to all important accounts receivable documents such as purchase orders, invoices, proofs of delivery and payments, etc so that you can streamline your invoicing process and enhance customer satisfaction.

Dispute Resolution

We resolve disputes by proactively contacting your customer through different communication channels like emails and phone and promptly update on the outcome of our efforts by systemizing invoicing, developing new collection strategy, prioritizing collection efforts.

Identify Flaws

Our experts assist you identify process drawbacks such as incorrectly listing information on an invoice, no follow up on overdues and more which enables you streamline your accounts receivable process and also, develop a better plan to handle late or unpaid invoices.

Generate Reports

We generate detailed reports such as aging reports, cash flow forecasting reports, transaction reports and others to estimate bad debt, analyze financial reliability of your customers and keep you updated on the credit risk to your business.

Advanced Tools

We specialize in a range of account receivable service tools such as Melio, YayPay, Sage Intacct, SoftLedger, Hyland Solutions, Oracle NetSuite, Dynavistics Collect-it, Any time Collect etc.

Step-by-step process for Accounts Receivable Services

Invensis-The Most Trusted Accounts Receivable Outsourcing Company

Since 2000, we have built a comprehensive list of accounts receivable clientele across industry verticals and have become one of the most trusted outsourced accounts receivable services in the world. We have helped our clients unlock their working capital position by reducing their day sales outstanding and improving the collection effectiveness index. As a specialized accounts receivable company, we guarantee you an improved process to enable strategic collections by following the standard accounts receivable steps such as establishing credit rules, generating terms and condition documents, creating and sending regular invoices, generating accounts receivable reports to calculate the liquidity of receivable and creating a collection strategy.

22

Years of
Experience

10+

Industry
Verticals

5000+

Experienced
Professionals

1000+

Finance & Accounting
Professionals

400M+

Invoices
Processed

200B+

Value of Invoice
Processed

99%

Accuracy
Rate

25%-30%

Cost
Reduction

Outsourcing accounts receivable services can offer several benefits for businesses, including:

Cost Savings: The top accounts receivable outsourcing companies help businesses save money by eliminating the need to hire and train additional staff. This can also help reduce overhead costs, such as rent, utilities, and equipment.
Improved Cash Flow: Outsourcing accounts receivable services can help improve cash flow by ensuring that invoices are processed promptly and payments are collected on time. This can help businesses avoid cash flow problems and improve their financial stability.
Increased Efficiency: accounts receivable outsourcing companies can help businesses streamline their financial processes and increase efficiency by leveraging the expertise of experienced professionals.
Access to Advanced Technology: Accounts receivable outsourcing services can provide businesses with access to advanced technology and software, such as automated billing and payment processing systems, which can help improve accuracy and reduce errors.
Better Customer Service: accounts receivable outsourcing can help businesses provide better customer service by ensuring that customer inquiries and issues are addressed promptly and professionally.
‍Reduced Risk: accounts receivable outsourcing firms help reduce the risk of fraud and errors by ensuring that payments are processed accurately and securely.

There are several trends in the accounts receivable outsourcing industry. These include

Increased adoption of technology: Many accounts receivable outsourcing companies are using advanced technology such as artificial intelligence and machine learning to automate and streamline processes, improve accuracy and efficiency, and provide real-time visibility into the accounts receivable process.
Shift towards value-added services: In addition to the traditional accounts receivable management company such as invoicing and payment collection, many advanced outsourcing services companies are offering value-added services such as credit risk assessment, customer relationship management, and financial analysis.
Growing demand for global services: As businesses expand globally, there is an increasing demand for outsourced accounts receivable services that can provide services in multiple languages and currencies and are familiar with local laws and regulations.
Increased focus on customer experience: Customer experience is becoming a key differentiator in the accounts receivable outsourcing industry. Companies are investing in customer relationship management and customer service training to improve the experience of dealing with their accounts receivable departments.
Greater integration with other business functions: Many businesses are looking for accounts receivable solutions that can integrate with their other business systems and processes, such as enterprise resource planning and supply chain management. This allows for a more seamless and efficient workflow.

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Services

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What Our Customers Say

Invensis' auditing and taxation services assisted us in effecting significant changes in the business's focus and nature. They have always provided us with a comprehensive and top-rated service, allowing us to meet deadlines internally and externally.

Norman Will

Leading Financial Institution in US

Invensis has helped us obtain business-critical data on our Accounts Receivable processes. This helped us make good cash flow decisions, motivate our teams, and maintain our focus on profit maximization.

Elijah Miller

Leading Telecommunications Company in UK

Invensis has been an outstanding business partner for over four years. Our Accounts Payable workflow has generated daily volumes of invoices to be processed, and Outsourced Bookkeeping handles the volume precisely. As a result, it's fantastic to arrive at work every day without any backlog.

Patrick Smith

Leading Customs Brokerage Company in UK

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Contact Information

You can reach us at:

+1 (302)-261-9036

sales@invensis.net

Invensis Inc.1000 N West Street, Suite 1200,
DE 19801 USA

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Accounts Receivable Services

22

10+

5000+

Outsource Accounts Receivable Services to the Expert

Our Comprehensive Accounts Receivable Outsourcing Services

Get a Quote Now!