WBSP392: Grow Your Business by Learning Account Receivable Best Practices, a Live Interview w/ a Panel of Experts


Manage episode 342550880 series 2839167
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Account receivable functions should be as easy as sending a bunch of invoices, making a few phone calls, and collecting cash. It must be the easiest job in the world, right? Well, once you get into the nuances of billing, you will quickly realize that it can get very complex with different payment arrangements, payment schedules, and partial payment options. Each industry may have its own requirements on how AR is supposed to be done. Each ERP system is likely to treat the AR processes differently. So what are the best practices for streamlining AR function?

In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise to discuss Account Receivable best practices. We discussed the process boundaries along with different processes that need to be supported by the AR function for different industries. Finally, they shared several stories related to the AR processes and lessons learned from them.

For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.

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