Account Receivable Services
We understand the importance of a healthy cash flow. Xpact Globiz offers strategic solutions to optimize your accounts receivable process. Gain peace of mind knowing your finances are in good hands, while we help you achieve greater efficiency and control over outstanding invoices.
Partnering with Xpact Globiz delivers:
- Improved Cash Flow
- Reduced Administrative Burden
- Enhanced Customer Relationships
- Reduced Delinquency Rates
- Data-Driven Decisions
- Improved Integration
Our Comprehensive Account Receivable Services
- Establishing credit limits for new customers based on creditworthiness.
- Implementing credit control policies to minimize bad debt risk.
- Setting clear payment terms and communicating them effectively to customers.
- Generating accurate and timely invoices for goods or services sold.
- Sending invoices electronically or physically based on customer preference.
- Offering multiple payment options (online payments, credit cards, etc.).
- Recording and tracking outstanding invoices in the accounting system.
- Reconciling customer payments and ensuring accurate records.
- Generating reports on aging receivables (identifying overdue invoices).
- Processing customer payments received through various channels.
- Depositing funds into the company's bank account.
- Issuing receipts and updating customer accounts.
- Utilizing CRM tools to maintain positive relationships with customers.
- Proactive communication to remind customers about upcoming payments.
- Offering personalized customer service to address payment inquiries.
- Implementing a structured collection process for overdue invoices.
- Sending collection letters or emails with clear calls to action.
- Negotiating payment plans with customers facing financial difficulties.
- Involving external collection agencies as a last resort (depending on severity).
- Addressing customer inquiries and resolving invoice discrepancies.
- Maintaining clear communication to ensure customer satisfaction.
- Analyzing outstanding receivables to predict cash flow and optimize financial planning.
- Implementing strategies to accelerate collections and improve cash flow.
Why xpact globiz Should Be Your A/R Partner
Improved Cash Flow
Stop waiting for payments and improve your cash flow faster! Our experienced team and efficient processes get you paid quicker, reducing your Days Sales Outstanding (DSO) – a key metric for healthy accounts receivable.
Cost Savings and Efficiency
Outsourcing your A/R frees up internal staff and reduces overhead costs associated with hiring, training, and managing an in-house team. Focus on what you do best while we handle collections, ensuring a steady cash flow.
Expertise and Technology
Our team specializes in keeping your finances compliant and minimizing risk. We leverage cutting-edge A/R software to automate tasks and ensure everything runs smoothly, while robust data protection protocols keep your information safe.
Customer Experience
With our dedicated account manager, we strengthen your customer relationship and ensure smooth collections. We offer personalized service, address your concerns promptly, and help you maintain positive connections while effectively collecting payments.
Industry-Specific Experience
We've been helping businesses navigate the complexities of account receivables for years, ensuring smoother cash flow and a healthier bottom line.
Time to address your question
Xpact Globiz offers integration with many popular accounting software programs, streamlining data flow and minimizing manual entry.
A dedicated account manager from Xpact Globiz is your single point of contact for all A/R needs. They will:
- Understand your specific business and industry
- Develop a customized collection strategy
- Proactively address any questions or concerns you may have
- Foster a positive relationship with your customers
Xpact Globiz utilizes robust security measures to protect your data, including secure servers, access controls, and encryption.
Yes, Xpact Globiz provides you with a secure online portal to access real-time reports and data on your A/R activity.
Xpact Globiz offers flexible pricing plans to suit your specific needs. Contact us for a free consultation and quote.