Accounts receivable management is a significant expense and cost driver in many large companies. This is due to the many fragmented process steps that are necessary to internally clarify the causes of payment disruptions and ensure that payments are received promptly.
There is a lack of transparency, an overview of debtor data, standardized processes and sensible automation as well as a valid risk assessment in order to prevent payment disruptions. The problem is exacerbated if a company has several locations, perhaps even spread across several countries.
Many manual activities are diametrically opposed to the desire for more process digitization and sabotage the timely collection of receivables. The consequences include loss of time and failures in internal coordination, a significantly increased DSO value and a lot of capital tied up in the receivables process.
Bilendo is a cloud software on which companies can map and manage all accounts receivable processes in a central location. Workflow-based automation ensures more efficient processes without internal hurdles and reduces manual effort to a minimum. Reminders are sent out continuously instead of in blocks and payments are therefore received more quickly. The debtor risk can be reliably assessed with just a few clicks and new credit limits can be communicated without the usual internal effort.
Overall, debtor management is much more efficient.
Not forgetting the users of Bilendo, who are relieved of repetitive routine tasks and have more fun at work thanks to the user-friendly application interface.
