Outsource Services
With the Accounts Receivable Management Service, Prairie will perform the following tasks for you. Tasks can be mixed and matched to meet your needs.
Invoices
- Generate invoices/bookkeeping
- Mail invoices
- Match back-up to invoices ensuring accuracy
- Check invoice for accuracy
Credit
- Run credit reports on new and existing customers to make sure they are creditworthy
- Update credit searches on a periodic basis to make sure customer is still creditworthy
- Perform an expert analysis and recommend a credit limit for each customer
- Gather additional credit information when necessary
Collections
- Make collection calls on behalf of Client
- Send out statements on a monthly basis on behalf of client
- Make past due notices and phone calls at 30, 45, 60 (and so on) days
- Verify that invoices are being mailed to the correct place and with the correct paperwork
- Collect and apply all payments.
- Prairie receives all checks, makes copies and forwards them to Client's bank for deposit
- Post payments in Prairie's system, export payment information to Client's system
Reporting
- Produce aging reports, collections reports and various others
Analysis
- Analyze Client's aging to see which customers are not paying, are paying slowly or with dilution
- Help Client determine the cause of poor payment behavior and make needed corrections