Painless AR Management

Putting in all the hard work, paying everyone and making a sale, only to start wondering how much waiting and chasing you need to go through before you might get paid? We know the feeling very well.

In our experience, having an effective AR process comes down to establishing 6 key steps, all of which are built into the FG platform.

1

Know The Metrics

Having receivables and extending credit to customers feels a lot like acting as a “financier”, and requires some of the same credit-decisioning tools used in financing processes.

2

Get Organized
& Set Goals

Defining your goals and setting up your rules is key to being successful. It makes you gradually get better, and allows you to track your progress.

3

Know How To Handle
Your Customers

The way you treat your customer communications largely determines the types of responses you will get from them.

4

Track Metrics that
Matter

Tracking your key metrics helps the team in two ways: it makes it really easy to see shortcomings and allows you to instantly figure out what can improve your processes.

5

Act Quickly &
Persistently

Taking timely actions and professional persistence is by far the biggest indicator of success in getting paid.

6

Know Your Funding
Options

The way you manage your AR (or lack thereof) has a huge impact on your funding options.