Accounts Receivable Outsourcing Overview

Writing off Bad Debt and uncollected receivables hurts your organization by increasing operating costs and decreasing revenue-a deadly duo. Realistic and enforceable collection schedules are a function of A/R accounting and efficiency of your A/R staff. Fact is, more time is spent on administrative tasks than customer contact. This statistic can be reversed by transferring Accounts Receivables to an offshore business processor. iCatchIT receivable knowledge process outsourcing makes available dedicated A/R service that ensures increased efficiency, immediate access to updated accounts, and ultimately reduced accounts receivable costs and increased control over accounts receivable administrative costs.

  • Reduce A/R Process costs by 35 to 60%.
  • Spend more billable time on client interaction and high-level problem solving-make your time count.
  • Using A/R automation, data redundancy checks, best practice A/R processes, and old fashioned hands on processing (where appropriate), we customize our A/R processes to meet your needs, not ours.
  • And the bottom line: Increased Control over your A/R Business Processes.

Comparison between In-House and Outsourced A/R Management

In House Accounts Receivable Outsourced Accounts Receivable
Process Manual A/R data entry is costly, prone to errors, time consuming, and labor-intensive.
Aggravation.		 Automated (electronic) A/P data entry saves time, money, and aggravation.
Administrative costs plummet and efficiency improves. Aggravation improves.
Coordination Poor interdepartmental communication and lag time of information availability impairs timely, daily customer calls Outsourced A/R provides improved coordination between managers and collection staff due to instant information availability. That's right, INSTANT*.
Routing A/R Ledger is serially available to management and A/R staff, reducing overall efficiency. The A/R Database makes the A/R Ledger available to all departments and personnel anytime.
Monitoring Reduced access to Invoices reduces administrative efficiency and increases collection overhead.
Your task is to determine where the bottleneck is.		 Complete enterprise-wide visibility through A/R the offshore database is available online to managers at any time*. This makes monitoring outstanding liabilities, invoice status, problem invoices and A/R process performance streamlined.
Our task is determining where the bottleneck is.
Receivables More time is spent on documentation and processing; less time spent on actual collection. Up-to-date* accounts payable balance keeps managers abreast of the company's liabilities status.
Less time documenting; more time on delinquent accounts and customer contact.
Filing Paper filing is complicated, costly, space-consuming and unreliable. The paperless Offshore A/R Ledger is viewable online by anyone, anytime*.
Costs Employee costs and workstation overhead subtract directly from your bottom line. Employee Costs = 0
Fixed Assets = 0
Total Savings = 35-60%

*Real Time Invoice Availability