Automating the collections process

Published on the 02/08/2019 | Written by Esker


Automation of collection process

Reducing working capital to accelerate growth…

In recent years, the Working Capital Requirement (WCR) of companies appears to have stabilised throughout the world, despite an increase in Days Sales Outstanding (DSO) in 2017. In Australia, several studies have shown that while Days Working Capital (DWC) has slightly decreased in 2018, it has remained in line with the long-term trend that the number of days it takes to convert sales into cash has grown. By improving their billing and collections process, businesses can improve their Working Capital (WC) and, as a result, free up cash to finance their development.

Thanks to effective and powerful automation technology, collections departments can concentrate on customer satisfaction and improving productivity.​

Emmanuel Olivier, Chief Operating Officer at Esker Worldwide gives his thoughts on:

  • What are the current issues related to working capital management?
  • What actions can businesses implement to better control their WCR?
  • Is debt collection the next step?
  • An approach facilitated by the use of an automated collections management solution

It’s time to put an end to tasks that don’t add value to your process.

Esker_Automating the collections process

 

Download and discover what actions can a business implement to better control their Working Capital Requirement. Free ebook: Automating the collections process

 

FURTHER READING

Efficient order-to-cash (O2C) processes_Esker

eBook: Improving the customer experience

October 21, 2020 | Esker

How order-to-cash automation unites your most strategic teams…

Order to cash automation

Whitepaper: Order to cash automation

September 9, 2020 | Esker

What’s in it for accounts receivable leaders?…

Business case for AR Automation

Building a business case for AR automation

November 7, 2019 | Esker

How to confront outdated processes and make your project a top priority…

Esker_Getting your invoices paid faster

AR Automation: The key to collecting payments faster

September 16, 2019 | Esker

Even a small improvement in DSO can have a big impact on a business’s financial health…

PDF Invoicing_Esker

Preparing your business for PDF and EDI invoicing

July 1, 2019 | Emmanuel Olivier, Esker

Managing EDI is now mandatory, but pdf remains a necessity…

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