Accounts Receivable Workflow
This video describes the Accounts Receivable Workflow.
Goals
- Automation of the Billing and Collection business process.
- Have all billing and collection related documents in 1 place.
- Help business owners track uncollected revenues or AR.
Benefits
Audit Friendly
Makes audits easier, by having all the supporting documents in 1 place. Minimizes the need to go look for records during audits.
Proof of delivery or proof of billing
Makes transactions transparent and well documented.
Disputes
Avoid disputes by having complete paperwork at hand. This minimizes the risk of not getting paid or delayed collections because of the lack of paperwork.
Compliance
Addresses all compliance requirements from different regulatory bodies.
Activity Factory is a workflow automation tool that allows companies to build consistent and auditable compliance and operational workflows, ensuring that the right processes are followed at the right times while staying compliant.
