It’s no secret that if you don’t collect on the accounts for your services, you won’t get very far in today’s business world. Although it isn’t always the most exciting job, accounts receivables are a necessary aspect of business, especially for those that want to grow and experience long-term stability.
Nowadays it’s no longer necessary to have staff spend precious hours calling and managing accounts with clients. The industry-specific ERP software available from Oneir Solutions eliminates the need for expending valuable resources on accounting tasks. Here are some of the ways switching to an automated accounts receivable system can benefit your business.
- Increased Efficiency
One of the foremost advantages of implementing industry-specific ERP software to automate your accounts receiving processes is the immense amount of time you’ll save. You’ll be able to keep track of outstanding and missed payments, receive collection reports and contact customers regarding invoices all from one main page, making it simple and easy. Fewer employees performing payment tasks means fewer mistakes due to human error, which reduces losses and boost efficiencies.
- Standardized Collection Process
Account collection can easily become convoluted without standardized processes in place. Implementing the global ERP software from Oneir Solutions enables you to develop a strict set of principles to monitor the payment process. Not only does it allow you to set specific dates to carry out payments or collections, but it also allows you to offer a grace period for late payments and determine how collections are carried out (letters, emails, phone calls, collection agencies, etc.).
- Customer Convenience
Automating the payment process with industry-specific ERP software doesn’t only improve your operations, it also makes it much easier for your clients to complete their payments. Invoices can be made immediately so customers can see them ASAP. They’ll also receive e-mailed payment reminders and be able to make payments by electronic funds transfer, further streamlining the payment process.
- Improved Customer Service
Automating your accounts receiving processes makes them easier for clients, in addition to improving customer service. By consolidating client data and records and having them all in one place, you’ll be able to keep track of everything and catch discrepancies immediately. Any issues that do arise can be easily corrected by simply pulling up the customer’s page and reviewing their purchase history and profile.
Improve processes with the innovative ERP software from Oneir Solutions
Do you want to remain at the forefront of your industry and provide the best services for your clients? Implementing an automated payment and collection system is easy with the ERP software from Oneir Solutions. Contact us today to learn more or visit us online to view some past success stories.