TA's Accounts Receivable Management ensures quicker payments and improved cash flow

As a senior executive of a small or medium-sized company (or for that matter any company), you probably realize that Cash Flow and Revenue management are core functions of your firm. At Thomas&Alex, we understand your struggle to balance the compulsions of driving business growth, alongside managing cash flow and revenue at the same time. It may make a lot of sense for you to focus on what you can do best – marketing your firm and driving business growth, while allowing a key outsourcing partner to manage the other component - managing your AR process.

What are the Key Objectives of the Accounts Receivable Management Department?

The corporate world today recognizes the following three broad areas for which the A/R department stands accountable

• Corporate Governance and transparency - Helping the CFO to achieve the firm's compliance to SOX by implementing and managing internal controls around receivables
• Cash Flow and Revenue Management - Improving cash flow from operations, reducing revenue leakages and driving down doubtful customer accounts and bad debts or write-offs, managing customer revenue risk while at the same time improving customer relationships
• Improving transactional efficiencies - Incorporate varied strategies like specialized teams, process capability improvements, reducing cost of operations and automating non-value added activities for continuous improvement of the customer to cash cycle

How can Thomas & Alex help achieve some of my pressing requirements in managing my AR?

Outsource your accounts receivable management to us and we will take on the task of ensuring that you have profitable account receivable positions! Our accounts receivable outsourcing process is simple and easy! To start with, we try to gauge your credit and collection procedures and policies. Once we understand the specific process you follow, along with time schedules for follow up, we get started on the analysis and the actual follow-up. Together with you, we map the process flows for good visibility and clarity on what needs to be done and by whom. This will also help us set time lines and goals enabling us to work on targets to improve collection efficiency.

Our services include:

• Assigning qualified and trained personnel to perform the collection and follow up activity, including
• Follow up calls
• Sending of letters
• Coordinating with external agencies

We customize our services to match the follow up procedures laid down by you. View Image

I'm definitely interested. What next?

A ccounts receivable outsourcing is one of the first things you can do to give yourself more time to concentrate on your core business, avoid bad debts and improve your cash flow position at significantly reduced overheads and administrative costs. Our accounts receivable management outsourcing process is very simple and easy for clients in virtually any country!