Outsource – Accounts Receivable & Accounts Payable
RuleBird specializes in providing outsourcing services for accounts receivable and payable management. In any business, accounts receivable and payable involve multiple entities such as vendors, customers, and payment parameters. It is crucial to have advanced systems and accurate tracking of cash flow to effectively manage these entities. RuleBird’s outsourcing services help businesses maintain their accounts receivable and payable while ensuring a satisfying experience for both customers and business partners.
Managing accounts receivable and payable requires a resourceful team with expertise in outsourcing services. It involves high-level management and maintenance of cash flow, as well as tracking customer receipts. RuleBird plays a crucial role in managing these tasks, allowing businesses to focus on production and deals without employing a full-time team.
RuleBird provides regular follow-ups and monitoring of business activities to ensure timely payments. We communicate with the respective clients of the organization to gather corresponding details needed for outsourcing accounts receivable services.
Accounts Receivable Management
Invoicing
We will handle the creation and distribution of invoices to customers on behalf of your organization, making sure all relevant details are included and that invoices are sent out in a timely manner.
Payments Tracking
Our team will track customer payments and reconcile them with your accounts receivable ledger. This will help you identify overdue payments and take timely actions.
Customer Follow-ups
We follow up with customers on behalf of your organization to remind them of overdue payments and to address any concerns they may have.
Aging Reports
We generate aging reports to provide an overview of the status of all accounts receivable, highlighting overdue accounts and delinquent customers.
Analytics
We provide analytical reports to identify trends in accounts receivable performance, helping you to make informed decisions about credit policies and collections.
Credit Management
We help manage credit limits, perform credit checks on new customers and adjust credit terms as needed.
Customer Database Management
We maintain a database of customer contact details, payment histories, and other relevant information.
Reporting
We provide regular reports on the status of accounts receivable to help you stay up-to-date on cash flow and customer payment behavior.
Accounts Payable Management
Invoice Processing
We process all invoices and ensure they are recorded accurately in your accounting system.
Payments Tracking
We track payments and ensure that they are made on time, while maintaining records of all transactions.
Payment Approval
We obtain necessary approvals from your management for payments, ensuring compliance with your financial policies.
Vendor Management
We maintain records of all vendor transactions, keep track of vendor contracts, and manage vendor inquiries.
Aging Reports
We generate aging reports to provide an overview of the status of all accounts payable, highlighting overdue payments and delinquent vendors.
Analytics
We provide analytical reports to identify trends in accounts payable performance, helping you to make informed decisions about cash flow management.
Payment Scheduling
We help you to schedule payments and manage cash flow effectively, ensuring that you always have enough cash to meet your obligations.
Record Keeping
We maintain proper records of all transactions related to accounts payable.
Reporting
We provide regular reports on the status of accounts payable to help you stay up-to-date on cash flow and vendor payment behavior.
Aging Analysis
We analyze aging reports to identify problem areas and recommend solutions to improve accounts payable performance.
