Are invoicing errors and uncontrolled adjustments exposing your business to revenue leaks and customer disputes? Streamlining invoicing processes with robust controls ensures error-free operations and strengthens customer trust. Edward Kinyanjui /William Mhekela / CPA Patrick Kaweesa/ Fuzail Buccas/ Jacob Wanjohi / Dinah Maina / Babu Abraham / Jitesh Manwani / Muhammad Saleem Shahid/ Aswini Bajaj/ CA Prashant Sanwariya / @PRASANTH SHAH /
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Do you want to know if your collections partner treats your consumers well? One way to be sure is to ask them. IC System does just that. We are one of the first and only accounts receivables management firms to offer Consumer Satisfaction (CSAT) Surveys after every call. Learn More: https://loom.ly/1Pv07b8 #accountsreceivable #collections #consumersatisfaction
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Do you want to know if your collections partner treats your consumers well? One way to be sure is to ask them. IC System does just that. We are one of the first and only accounts receivables management firms to offer Consumer Satisfaction (CSAT) Surveys after every call. Learn More: https://loom.ly/1Pv07b8 #accountsreceivable #collections #consumersatisfaction
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Is your finance team equipped for success? Learn the key skills every in-house team needs to recover debts effectively and maintain strong customer relationships. Tap into our latest blog for training tips that can make all the difference ➡️ https://ow.ly/uTaI50TAYm5 #DebtCollectionTraining #InHouseDebtRecovery #ImproveDebtRecoverySkills
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In collections, compliance is king! Why take aggressive measures when compliant behavior helps to collect unpaid invoices and preserve customer relationships? Book a free demo now https://bit.ly/3CqAQGR #Debtcollection #Pastdueaccounts #Cashflow
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𝗦𝗵𝗶𝗽 𝗦𝗺𝗮𝗹𝗹 𝗣𝗮𝗿𝗰𝗲𝗹? 𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝟱 𝗧𝗵𝗶𝗻𝗴𝘀 𝗬𝗼𝘂 𝗡𝗲𝗲𝗱 𝘁𝗼 𝗞𝗻𝗼𝘄 𝗔𝗯𝗼𝘂𝘁 𝗚𝗲𝘁𝘁𝗶𝗻𝗴 𝗥𝗲𝗳𝘂𝗻𝗱𝘀 𝗮𝗻𝗱 𝗦𝗮𝘃𝗶𝗻𝗴𝘀 𝗳𝗿𝗼𝗺 𝗬𝗼𝘂𝗿 𝗖𝗮𝗿𝗿𝗶𝗲𝗿: 𝟭) 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗲 𝘁𝗵𝗲 𝗖𝗹𝗮𝗶𝗺𝘀 𝗣𝗿𝗼𝗰𝗲𝘀𝘀: Manual claims filing is time-consuming and prone to errors. Utilizing automated audit technology can streamline the process, ensuring you never miss a refund opportunity for late deliveries, damaged goods, or billing mistakes. 𝟮) 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝗬𝗼𝘂𝗿 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝗧𝗲𝗿𝗺𝘀: Familiarize yourself with your carrier agreement. Knowing the terms and conditions, including guaranteed service refunds, helps you identify when you are entitled to a refund and ensures you can effectively claim it. 𝟯) 𝗠𝗼𝗻𝗶𝘁𝗼𝗿 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗙𝗮𝗶𝗹𝘂𝗿𝗲𝘀: Keep a close eye on your shipments for any service failures. Delayed or mishandled deliveries are often eligible for refunds, but you must catch them within a specified timeframe. 𝟰) 𝗧𝗿𝗮𝗰𝗸 𝗔𝗰𝗰𝗲𝘀𝘀𝗼𝗿𝗶𝗮𝗹 𝗖𝗵𝗮𝗿𝗴𝗲𝘀: Additional fees such as address corrections, residential surcharges, and fuel surcharges can add up quickly. Ensure these charges are correctly applied according to your agreement and dispute any discrepancies. 𝟱) 𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗲 𝗗𝗮𝘁𝗮 𝗔𝗻𝗮𝗹𝘆𝘁𝗶𝗰𝘀: Use data analytics to benchmark your shipping performance against industry standards. This not only helps in claiming refunds but also provides insights for negotiating better rates and improving overall shipping efficiency. By implementing these practices, most companies can significantly reduce their shipping costs and ensure they are not leaving money on the table. As one of the leading parcel companies in the US, we help our clients with this and much more. #ParcelAudit #ShippingSavings #LogisticsOptimization
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Do you want to know if your collections partner treats your consumers well? One way to be sure is to ask them. IC System does just that. We are one of the first and only accounts receivables management firms to offer Consumer Satisfaction (CSAT) Surveys after every call. Learn More: https://loom.ly/1Pv07b8 #accountsreceivable #collections #consumersatisfaction
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🔍 Enhancing Your A/R Follow-Ups: Best Practices! Timely follow-ups can significantly boost your cash collection rates. Today we need to learn effective communication tactics and how to diplomatically handle overdue payments. Plus, the role of customer relationship management in A/R success is tantamount. How do you manage overdue accounts? Let's swap ideas and strategies below! #AccountsReceivable #BusinessFinance
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Learn how trade references and accounts receivable (AR) data can help build stronger customer relationships! #Versapay #CustomerRelationships #ARData
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Having a defined and structured Vulnerable Customer Policy in place is not just a regulatory requirement; it is an essential business function. This manual provides guidance in everyday regulated business activities on how to identify customers that may be particularly vulnerable, what action should be taken and how to help support the customer. BUY NOW >>> https://lnkd.in/eUr8q7d We have extended our Vulnerable Customer Policy, to include a dedicated section on ‘Supporting Customers in Financial Difficulty.’ It details the FCA’s work on the area and provides guidance to staff on how to support customers and the options available to those who are in financial difficulty. BUY NOW >>> https://lnkd.in/eUr8q7d
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A HIGH accounts receivable turnover indicates that your company has an effective collection process and is able to convert its credit sales into cash quickly. A LOW turnover may indicate issues with collecting payments from customers or giving too much leniency on credit terms. Here are 4 actionable ways to improve your accounts receivable turnover: 🚚 Automated invoice delivery 📆 Reminders before the payment terms come due 💳 Offering multiple payment options 🖱️ Easy access through customer portals
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