ACCOUNTS RECEIVABLE WORKDOWN

When there are multiple Accounts Receivable systems in operation – often the result of acquisitions – risk exists.

Our AR Workdown solution consolidates and protects the data from multiple AR systems, enabling your staff to process more accounts in less time.

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Consolidate and Protect Valuable Financial Data With Our AR Workdown Solution

When you’re managing more than one AR system, the possibility exists that the data in these systems becomes inaccessible or is lost as the result of system failure or the sunsetting of the system. Additionally, the presence of multiple unfamiliar systems invariably results in staff productivity suffering.

Receivables either become uncollectable or the processing of them is slowed down dramatically. This can be avoided by consolidating records within VisualVault where the data is protected and easily accessible as ongoing collections efforts commence. And, the VisualVault solution helps eliminate the learning curve associated with multiple platforms by mimicking the functionality of the primary AR system with which your staff is most comfortable.

Streamlining Accounts Receivable Systems to Protect Healthy Cash Flow

Consolidating multiple systems, normalizing data, standardizing interfaces and advanced automation delivers:

Efficient Collections

This solution delivers Job 1 in spades – more efficient processing and collection of Accounts Receivable. More cash in-house, faster.

Minimizing Errors

Multiple systems create inefficiencies and inefficiencies create errors – slowing down collections and cash flow.

Better Client Communication

Streamline client billing and communications with a unified system, improving clarity and consistency across facilities; enhancing client satisfaction.

Accurate Reporting

Facilitate seamless transitions to new systems by consolidating AR data, ensuring complete and accurate closure of legacy billing processes.

Savings

Accelerate the retirement of outdated legacy systems to cut costs on licensing, maintenance, and operations.

Capture & Organize Related Documentation

In addition to the actual accounts receivables, there is a host of related documents involved in AR Consolidation and AR Archiving projects. VisualVault’s comprehensive accounting software solutions and accounts receivable automation solution helps ensure that these documents are captured digitally and indexed to be associated with the primary documents.

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