Weilai Outsource Accounts Receivable Services
Our managed accounts receivable outsourcing services are designed to enhance profitability. Our team employs a meticulous strategy to optimize business operations and automate the accounts receivable cycle using top-tier tools. By outsourcing accounts receivable, you can maintain precise records of received checks, deposits, and account balances. Our team will analyze and verify bills, invoices, customer statements, debit memos, overdue debts, and more, ensuring a completely accurate and traceable accounts receivable process.
Outsourcing accounts payable streamlines invoice management through a rigorous process of invoice checking and verification before processing. Our team addresses significant concerns related to unauthorized budgets for purchase orders, mismatched bills, and other billing-level computational errors. This ensures your vendor billing system is highly accurate and your accounts payable process is entirely reliable.
Benefits
Minimize unallocated cash to maximize working capital efficiency.
Leverage intelligent, automation-driven workflow tools to digitize and streamline AR processes.
Seamlessly integrate receivables data from multiple sources, including printed documents, emails, and other electronic formats.
Gain improved visibility with a wide array of customized reports, including daily cash collection, monthly DSO, unallocated cash vs. target, performance dashboards, and more.
Optimize accounts receivable operations through a unique people-process-platform approach, achieving up to 50% reduction in operational costs.
- Customer setup and maintenance
- Conduct credit checks
- Establish AR follow-up mechanisms
- Generate and send invoices for authorization
- Resolve customer queries
- Chase, escalate, and resolve outstanding invoices
- Accurately maintain the sales ledger
- Report and reconcile invoice discounting
- Create customized AR reports
- Allocate cash for receipts
- Perform weekly and monthly revenue reconciliation
- Prepare monthly MIS reports
- Reconcile master vendor accounts
- Issue refund checks and credit memos
- Reconcile master vendor accounts
- Manage AR deductions