Integrated Receivables: Six Tips to Help Your A/R Operations Adapt and Evolve

What Charles Darwin had to say about the evolution of species applies to business enterprises as well: adaptability is key to survival.

Consider accounts receivable (A/R) operations. The proliferation of check payments during the 20th Century led many businesses down the path of automation, in the form of lockboxes (managed in house or outsourced), which helped to reduce costs by compressing collection cycles and eliminating labor-intensive processing steps. By the turn of the 21st Century, however, the proliferation of new payment methods and channels (ACH, cards, online and mobile), created a new, more complex environment, as companies, acceding to customer demands for more payment options, were forced to implement disparate systems for accepting and processing receivables. What has emerged are corporate A/R operations bogged down by costly, error-prone manual processes spread across numerous legacy systems.

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Topics: online payment options, mobile payments, integrated receivables, Cash Application

A Distributor's Commitment to Doing ‘Whatever it Takes’ Improves Accounts Receivables Efficiencies and Customer Service

Tankersley Foodservice is committed to doing “Whatever it Takes” for customers. That includes offering an array of payment options and assurances that payments get posted to accounts quickly and efficiently within their back-office system. By implementing an integrated receivables solution, Tankersley has been able to stay true to that mission while driving significant internal efficiencies.

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Topics: online payments, mobile remote deposit capture, integrated receivables, Check Scanning, Remote Deposit Capture, electronic payments, Cash Application

Eliminate Float, Improve Cash Application with Mobile Remote Deposit Capture Solutions

Rural Mutual Insurance Company knows a thing or two about managing a remote workforce accepting payments. Founded in 1934 to serve the needs of Wisconsin farmers, Rural Mutual has grown to become the largest business insurer in the Wisconsin, and one of the Top 50 property and casualty insurance providers in the country with 78,000 policies in force.

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Topics: mobile remote deposit capture, mRDC, RDC, Cash Application

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