Reliable Accounts Receivables Outsourcing Services

Accounts Receivable Outsourcing

In today's highly competitive corporate world, companies need to leverage their resources and extract maximum return on their investments. Most industries are not able to devote their time and resources needed to manage the cost of carrying debt over time. They need a partner who they can rely upon to streamline your credit approval initiative while improving cash flow and minimizing bad debt exposure.

Calman Analytics' mission is to help businesses run efficiently and more profitably. Our accounts receivable services empower our clientele to easily deal with key finance functions that impact cash flow and are essential for maintaining a solid and energetic business. Our team of dedicated accounts receivable specialists is focused on seeing an immediate measurable reduction of your aging invoices.

Our Accounts Receivable Services

Our Accounting receivable services serve all the business magnets to track the payment on time. Calman Analytics Services include

Learn About Our Process

Sales Orders
Sales Order to Invoice Conversion
Matching Invoices with Customer Payments
Invoice Receipt Verification
Monthly Open Balance Statements to Customers
Cash Application

Aging Report Preparation and Processing
Credit Memos Processing
Credit Decision Tools with Continuous Monitoring
Monthly AR Ledger Reconciliation
Bad Debts/ Delinquency Management

The Benefits of Outsourcing Accounts Receivable to Calman Analytics

Our accounts receivable management services help you to:

Minimize delinquencies and bad debt

Reduce cash collection shortfalls

Increase cash flow and salvaged revenues

Services provided within a quick turnaround time

Maximize collections by offering extensive Credit control

Cost-effective services which decrease processing costs by 60%

Accounts Receivable Process Overview

Accounts receivable refers to the outstanding
invoices a company has or the money clients owe the company….

Cash Applications

Applying the payment received from the customers through the Lockbox, ACH, the Wire and adjusting payments to the open invoices in the customer ledger.

Intercompany Receivables Follow - up

Following up with the intercompany on the open aged receivables. If we owe to the intercompany payments from them will be done on netting process.

Customer Master Creation

Maintaining Customer records like creation on the Bill to & Ship to accounts. Also setting up the tax code to the customer based on the county and the state.

Intercompany Statements

Sending the periodical statements to the intercompany for the payment owed from them. And reconcil statement between intercompanies.

Down payment & Progress Payment Invoice Creation

Prepayments received from customer by creating down payment invoices which will be an agreed percentage on the PO amount and adjusted against final invoice.

Online Invoicing on Customer Portal

Some of the customers would like to invoice directly on their portal. We use to submit the invoice on their portal pertaining to the PO.

Cash Balancing Peports

Balancing both the ledger and the trial balance of the Receivables on the month end to identify any incorrect transaction on AR.

Customer Rebate Workings

Based on the sales, we use to release the rebate amount to the particular customers on the agreed %. They may use this credit to adjust the future invoice due or avail refund.

FAQ's on Accounts Receivable Service

Here are some questions related to accounts receivable that are frequently asked by our clients.
If you need more information about accounts receivable or have any other question, feel free to contact us.

1. What are accounts receivable?

Most companies sell to their customers on credit. That is, they supply the goods and services immediately, send an invoice, then get paid a few weeks later. Companies keep track of all the money their customers owe them using an account in their books called accounts receivable. Account Receivables are treated as current assets on the balance sheet.

2. What is the role of accounts receivable?

The important role of an employee who works as an accounts receivable department is to make sure their company receives payments for goods and services and records these transactions accordingly.

3. Do you sign non-disclosure agreements and SLAs?

Yes. We sign non-disclosure agreements and service level agreements (SLAs) for every customer who outsources to Calman Analytics.

4. What is the difference between account receivable and account payable?

Accounts receivable are the amounts owed to a business by its customers, while accounts payable are the amounts that a business owes to its vendors.

5. Who can have access to my company's financial data?

All your financial data is safe with us and is treated with utmost confidentiality. As accounting and bookkeeping service providers we can also create folders with limited access and defined permissions that shall allow only authorized personnel to access such sensitive information such as payroll records.

End-to-End Accounts Receivable Outsourcing Services