EQS Marketing Team
Author: EQS Marketing Team
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Transform Your Collections: Why Customer Experience Matters
“I’ve not received the invoice. How do you expect me to pay?”“My team has made the payment. Can you check?”“The payment failed again? It’s frustrating to keep retrying. What’s the issue?”“Can you send me the invoice again? I’ll make the payment then?” If these conversations sound familiar, you’re not alone. Every day, collections teams across…
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Modernising Accounts Receivable: A Complete Guide to AR Automation and Collection Strategies
In today’s fast-paced business environment, efficient accounts receivable (AR) management is crucial for maintaining healthy cash flow and sustainable growth. This comprehensive guide explores how modern AR automation solutions are transforming financial operations and improving collection processes. The Evolution of Accounts Receivable Management Traditional accounts receivable processes often involve manual tasks, from sending invoice reminders…
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Understanding and Managing Bad Debt: A Comprehensive Guide
Managing bad debt is a crucial aspect of business operations, particularly during economic uncertainty. When clients fail to pay invoices, these unpaid amounts become bad debt expenses that impact cash flow and potentially threaten business stability. This guide explores the fundamentals of bad debt management and provides practical approaches for handling it effectively. Understanding Bad…
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5 Tips to Track Your Accounts Receivable Effectively
A/R tracking is essential at a time of economic uncertainty. Doing it effectively leads to better cash flow management, which is a priority whether you’re a small business or a corporation. The alternative? Risking a cash crunch, which could lead to bankruptcy. In order to not only survive, but thrive in the current climate, we’re…