Make cash receivables and processing more efficient, automated and streamlined.
The management of cash receipts has always been a challenge for businesses. It is crucial that all businesses seek to increase the accuracy and shorten the timeline of cash processing for client and corporate cash. A combination of variables can complicate the cash receivables and allocation process, including:
- High volumes
- Difficulty identifying payees (especially when the payment is electronic)
- Under/over payments
- Poor referencing (particularly from a retail customer base)
- Poor remittance information
Our virtual account management solution is capable of managing these issues, making cash receivables and processing more efficient, automated, and streamlined. This improves customer service and cash flow, cuts financing costs, and increases turnover.
For more information on our Receivables Management capability, please download our full product paper.
Talk to us today
To find out more about how Cashfac's capabilities can help your business, get in touch with our helpful team