Praire Biz

Outsource Services

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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
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