Effective Cash Flow Management with AR Services
With over 10 years of experience, NUMEROEDGE CONSULTANT understands your struggle in getting new customers, improving revenue, and managing Account Receivable (AR). This is part of the Order to Cash (“O2C”) process. High account receivable can block the cash flow and increase debts for the business. Even after realizing the significance of account receivable, many businesses struggle to prioritize and give adequate time and attention to this process.
NUMEROEDGE CONSULTANT accounts receivable outsourcing makes time for you and helps you manage your cash flow in a streamlined manner. We utilize appropriate account receivable software according to company needs to reduce chances of build-up of receivable.
For our customers, we offer advanced accounts receivable solutions across India, including Bangalore, Mumbai, Delhi, Pune, and Hyderabad as well as outside India.
From recording your bills to offering advanced account receivable reports, NUMEROEDGE CONSULTANT provides comprehensive account receivable services.
To streamline and outsource your accounts receivable process
Connect with our experts today
What We Offer
Through our services in Accounts receivable outsourcing, we at Offshore Accounting and Taxation Services (NUMEROEDGE CONSULTANT) have ensure smoothly and efficiently management of following:
Pro-forma Invoices
We help you estimate and generate Pro-forma invoices that create a trust-driven relationship with the customer and improve your cash flow.
Customer Order Entry
Record every order from your customers in a seamless and secure manner. This allows tracking receivable and order status.
Tax Invoices
Tax invoices involve creating different invoices based on the goods and services delivered to the customer. We help you prepare these invoices without errors. We can also generate e-Invoices as per GST requirements.
Receipt Application
When your customers pay for the invoices, we record the receipt and apply it against proper invoice. This helps in generating itemised AR report with age analysis.
Revenue Recognition
We have the experience of revenue recognition in different types of industries such as projects, SaaS (software as a subscription), services, works contracts in accordance with relevant accounting standards such as IGAAP, Ind AS, IFRS and US GAAP.
Aged AR Reports
To help you improve your cash flow, we provide aged AR reports that give you a clear picture of how long the invoice is outstanding.
Dunning/ Follow up for Payment
We can do email based follow up with your customers for payment. In cases where the age of the invoices crosses predefined limits, we escalate to the next level.
Key Differentiators
Timely Receivables
We ensure streamlined cash flow in your business through timely collection from receivables
Data Security
Since you are offering us your business-critical data, we especially ensure security and privacy in all our communication channels and storage mediums.
Smooth Communication
Our team consistently communicates with you to deliver reports and status of unsettled and settled receivables. This helps you stay updated.
Compliance
We help in compliance with the revenue recognition norms as per relevant accounting standards. We also take care of the GST requirements pertaining to e-Invoice, e-way bills, contents of the invoice, appropriate HSN codes and proper classification for generating the GSTR-1 return.
Benefits of Accounts Receivable
Helps you follow up with clients, trackable receivable for timely payment.
Improved operational efficiency and cash flow, allows manage everything smoothly.
Reduce costs, results in cost-effective for your
business.
Account receivable policy to standardize the
process.
Timely GST compliance.
Accounts Receivable FAQs
The major objective behind these services is to reduce Days Sales Outstanding. This improves cash flow and eliminates bad debt.
We help you in the following manner:
- We help you create good credit control practices.
- Streamline the billing activities of the business.
- Track account receivables meticulously and follow up for collection.
- Reconcile account receivable against the ledger extracts provided by the customers.
- Periodic balance confirmations.
The cost of outsourcing account receivable depends on different factors, such as the size of your organization, number of transactions in a month, etc. Based on this, you can receive a quote from us now!
Your Trusted Accounting Partner
From Finance & Accounting Outsourcing Solutions to Payroll & Tax Compliance, Offshore Accounting & Taxation Services would be happy to help you meet your company needs and overcome all your challenges throughout the entire life cycle of your business. Connect with our experts, we reply within 2 working days!