In corporate accounting, it's not uncommon for an excess of past-due invoices to get put on the back burner due to mergers and acquisitions, employee turnover, new accounting software or other challenges in daily operations.
Cleaning up or auditing your accounts receivable is a smart idea to ensure those few invoices don't turn into lots of invoices that need to be written off or sent to collections. We can help clean-up your A/R and get your cash flow back on track.
Accounts receivable cleanup reviews outstanding invoices to look for discrepancies, repeat offenders, or other reasons for late payments. By tackling accounts receivable balances early and applying best practices, invoices are paid faster, DSO is reduced, and your company's ability to convert assets to cash greatly improves. The increased cash flow defrays the costs of daily operations such as utility bills, rent, or employee payroll.
Our commercial collection team will contact the customer as Enterprise Recovery. When all else fails, the Enterprise Recovery Client Portal allows you to authorize Legal review and litigation. From start to finish, we have options for collecting your money.