Improve Cash Flow With End-To-End Accounts Receivable Management Services
Accounts Receivable Management Services to Maximize Debt Recovery
In today’s competitive businesses need to effectively use their existing capital. Optimizing their working capital can deliver more than enhanced operational efficiency. It also offers your business the added liquidity it needs to fund growth, reduce debt levels, lower costs, maximize shareholder returns and even outperform its competitors. With the right provider of accounts receivable management services, you can ace the cashflow challenges and facilitate business growth without focusing solely on your debt collection efforts.
While most businesses have formal accounts receivable policies, not all businesses enforce those policies. To prioritize sales, businesses often extend credit to customers, offer discounts or ignore payment terms if it means winning new sales. However, if the management fails to optimize their working capital, it may lead to poor financial performance. By outsourcing your debt collection needs to the proper accounts receivable management company, it is possible to improve your business’s cash flow and build better customer relationships.
Vital’s end-to-end AR Management services enable your organization to focus its valuable workforce and resources on core accounting tasks rather than on managing collection activities. We provide service levels that exceed industry norms in several KPIs, including Right Party Contact (RPC) rate, Collection Effectiveness Index (CEI), and Account Receivable Turnover Ratio (ART). In addition, our expertise in implementing best practices for optimization helps our clients considerably improve their cash flows and working capital position quickly.