In the present business world, performance becomes more predictable when collections and cash flows are timely. But companies have to ensure that they derive the maximum output from the amount they spend on managing their receivables. Cogneesol provides accounts receivable services that improve collections, along with the company's lifecycle, from order to cash.
Our accounts receivable outsourcing services implementation follows the best accounts receivable practices and delivers frequent analysis, automation, reporting, improved communication, and flexibility. In addition, our accounts receivable management team recognizes and resolves any causes for payment delays in the course of our efforts towards continual improvements.
A single source of delivery for documentation for accounts receivable like consolidated electronic, mail, and print delivery. Helping you lower the overall complexity.
With the Cogneesol team, you get to save a lot of time through quick access to document images by multiple users. Enabling faster valuable insights and decision-making.
Flexibility and speed increase with the efficiently managed back-office workload. This will help you in streamlining the overall accounts receivable process of your business.
We follow a problem-solving approach and processes for quality assurance to improve the overall customer experience. This, in turn, aids customer loyalty in the long run.
With us taking care of your accounts receivable process, you save money on in-house hiring, infrastructure, and technology. Enabling you to spend on business growth more.
We have a highly experienced collections team that increases salvaged revenues through primary charge-offs. Helping you maintain positive cash flow throughout the year.
Our customer master data was in complete disarray, slowing down our receivables considerably. Cogneesol assigned us a dedicated resource to help with customer data maintenance and streamline all the other sub-processes of Accounts Receivables. The resource immediately set to task with correcting payment terms, centralizing data maintenance, implementing controls, and conducting regular audits. Soon we were able to do away with more than 80% of customer disputes!
Cogneesol transformed our Accounts Receivables processes, freed up cash, and optimized our working capital position. The team does a thorough job of checking the accuracy of their bills, invoices, or credit terms, apply for cash payments correctly, do not override credit limits, follow up with customers in a timely manner when payments are past due, collect and apply cash correctly. These have made our Accounts Receivables position very efficient!
We had a huge pile of outstanding receivables that had blocked huge amounts of cash. We hired Cogneesol to help clean up our account sand support, especially with the receivables. The team charted a collections plan, segregated receivables as per their DSOs, and allocated the collections to their team with set targets. It took the agents under two months to collect close to 90% of our receivables!