Accounts receivable for small- to mid-sized businesses (SMBs) has always been a challenge. Typically, these businesses don’t have the time, resources or expertise to create an efficient plan for payment, relying rather on their business partners to adhere to invoice terms. This problem has only gotten worse since the onset of COVID-19.
According to a September 2020 report by PYMNTS, upwards of 74 percent of SMBs saw delayed payments as a result of the pandemic. This translates into billions of dollars in working capital that can’t be deployed toward business operations, growth or innovation.
When it comes to managing accounts receivable (AR) processes, it’s important to think of them with the same strategic approach you apply to your business. It entails thoughtful planning, resources and implementation. This helps to ensure delivery of payments on time, allowing you to focus on growing your business.
So what are the things that you as a business owner can do to alleviate the stress associated with accounts receivable. And, if there is a delayed payment, how can you best work with your business partners to ensure the balance is paid off in a manner that works best for everyone involved.
Navigating the accounts receivable landscape can sometimes be complicated, stressful and time consuming. But with appropriate planning and resource allocation, you can take the pain out of AR and focus on what’s most important, growing your business.
Try MakeGood today for free.
Eliminate the worry of getting paid with MakeGood’s A/R software and full accounts receivable management by our A/R professional services team.
• DIGITAL ONLY: $2.00 /invoice
Only pay when you get paid!
• DIGITAL + PAPER MAIL: $2.50 / invoice
Only pay when you get paid!
Additional letters billed at $1.25 per 1-page letter
• MakeGood’s professional services team manages your accounts receivable
• Regularly scheduled check ins with your assigned MakeGood A/R rep
• Account Placement with professional collections agencies
• Augment your team with MakeGood’s A/R professionals
• Priority collections rates
Let MakeGood manage your slow payers.
• DIGITAL ONLY: $.50 /invoice
Only pay when you get paid!
• DIGITAL + PAPER MAIL: $2.00 / invoice
Only pay when you get paid!
Additional letters billed at $1.50 per 1-page letter
• MakeGood’s professional services team manages your past due accounts
• Regularly scheduled check ins with your assigned MakeGood A/R rep
• Account Placement with professional collections agencies
• Augment your team with MakeGood’s A/R professionals
• Priority collections rates
MakeGood’s Pro Plan – Pursuit+ is for businesses needing a trusted solution for dealing with slow payers and preventing write-offs.
• DIGITAL ONLY: $.25 / invoice
Only pay when you get paid!
• DIGITAL + PAPER MAIL: $1.50 / invoice
Only pay when you get paid!
Additional letters billed at $1.25 per 1-page letter
• Activate custom workflows when an account goes past due
• Negotiate settlements with payment plans
• Account placement with professional collections agencies
• Priority collections rates
• Priority customer support
Complete A/R management software.
PRICE
• DIGITAL ONLY: $0.25 / invoice
Only paid when you get paid!
• DIGITAL + PAPER MAIL: $1.50 / invoice
Additional letters billed at $1.25 per 1-page letter
BENEFITS
• Full access to all features
• Negotiate settlements with payment plans
• Account Placement with professional collections agencies
• Priority collections rates
• Priority customer support
Manage up to 10 invoices per month for free!
• No restrictions – full access to all features
• Negotiate settlements and manage payment plans
• Account placement with professional collections agencies
• Send Invoices, Statements & Other Letters with Your Brand
• One page letter billed at $1.25
• Each additional page billed at $0.25