Stressing to get your invoices out on time so you can depend on the cash flow committed to your organization shouldn’t keep you up at night. It’s amazing how much a little organization can really accomplish.
Invoicing often makes people cringe because of the amount of effort that goes behind sending out an invoice. The project manager notifies the accounting team that a project was completed. An invoice is routed around the office for approval and is eventually sent to the customer. And the process only goes that smoothly if there are no problems with pricing information, contract data, or anything else. Add automation and streamline the accounts receivable and payable process with comprehensive software like Microsoft Dynamics® ERP and
Using enterprise resource planning (ERP) software like Microsoft Dynamics ERP and customer relationship management (CRM) software like Microsoft Dynamics CRM will
The same management process can be applied to accounts payable as well. Paying your vendors and supply chain on time will not only save you money in late fees, it will strengthen your business relationships. Your vendors are more likely to extend extra courtesies, like better pricing, faster turnaround, or extending credit, when you pay on time. You can use automated banking features to cut checks faster and get your vendors paid faster.
The right software, like
By Jim Krahn with BDO Solutions,