One of the most considerable assets on a balance sheet is Account Receivable. Even though most businesses are aware of its significance, it fails to perform this task efficiently. Businesses are not able to allocate their time and resource efficiently for accounts receivable. Most of the businesses are focused so much on acquiring new customers and then delivering the product and services to the customer that they end up spending a significant chunk of time and effort on the same. They end up neglecting to collect the receivables, which might cause an obstruction in the cash flow and can result in causing debts for the company.
Long due accounts receivables can turn into bad debts, which is not desirable for businesses. While it is good to receive payments immediately, this is not possible for every industry due to the credit period existing in every industry. So, appropriate accounts receivable management is crucial, which will let you managed accounts receivable in a continuous and timely manner. One easy way to deal with these issues is to outsource accounts receivable.
Whiz Consulting is one of the best accounts receivable outsourcing company in India and helps them to take control of their cash flow. We make use of different accounts receivable software to help Indian businesses with accounts receivable, ensuring that they do not turn into bad debt. We have served many businesses belonging to different industries in Delhi, Mumbai, Bangalore, Pune, Hyderabad, and other cities in India. Our experts will track your accounts receivable regularly and help track any irregularities allowing you to bill a customer on time or not to know whether you have been paid or not. Right from maintaining records of bills to analysing overall accounts receivable, we will help you with the overall accounts receivable process.
We can proficiently handle accounting for small business accounting as well as a large firm with efficiency.Contact us, to know more!
Outsourcing Accounts Receivable Services can be beneficial for your business in the following manner -
With an outsourced partner, you can focus your time, effort, and money on acquiring new customers instead of spending on the accounts receivable process.
An Outsourced Accounts Receivable Service cost as compared to hiring in house resources or Chartered Accountant will be much affordable
Days Sales Outstanding (DSO) is reduced by ensuring every sale is recorded and receivables are collected, keeping in mind the outstanding days.
Outsource partner creates a positive barrier between you and your clients, helping maintain healthy relationships.
Whiz Consulting assists in streamlining the cash flow for Indian businesses. We ensure that your customer is paying on time, and we highlight those who do not. Our highly experienced team at Whiz Consulting provides an accurate picture of your business in terms of receivables, bad debts, and much more that enables you to reduce your stress related to the accounts receivable process. We also send out invoices and email your clients using the best accounts receivable software.
With Whiz Consulting's outsourced accounts receivable service, you get customised service tailor-made to your needs. Tasks like regular follow-ups on the unsettled invoices, sending out regular reminders, and negotiating with the debtors are no longer your headaches. You may also provide a discount to debtors who facilitate prompt payment and improve cash flow. With our service, be assured of getting the money due to the business while you focus on growing the business.