Our accounts receivables services in kenya are quite elastic as we can support your business fully or partially. You can outsource the entire operation to us or simply one part of it and scale on an “as needed” basis.

Outsourced Accounts Receivables Services

In today’s business world, outsourcing accounts receivables services in kenya have become popular, as cash flow is of utmost importance in every enterprise. Typically, the business’ performance becomes more predictable when collections and cash flows are timely. But companies have to ensure that they derive the maximum output from the amount they spend on managing their receivables.

2Max Group provides outsourcing accounts receivables services in kenya that improve collections, along with the company’s lifecycle from order to cash. Our accounts receivable implementation is in accordance with the best practices and delivers frequent analysis, automation, reporting, improved communication and flexibility. The practices cover collections, credit, cash receipts and applications, payment terms, individualized contract management, and electronic and paper-based procedures for billing.

We keep you informed about your customer relationships and receivables through our regular reconciliation and analysis provided all through the order to cash cycle. We recognize and resolve any causes for payment delays in the course of our efforts towards continual improvements.

List of Our Outsourced Accounts Receivables Services

We can take care, on your behalf, of all the processes mentioned below:

  • We can create invoices based on documentary evidence such as service/ product delivery confirmations and sale order copies
  • Statements that you require, such as total cost per line item, analysis by program or project code
  • Uploading electronic invoices onto your systems, after transmitting these electronically
  • Updating factoring of accounts receivable, if any
  • Updating invoices into accounts receivables (invoice processing services)
  • Following up collection of accounts receivable, along with monitoring
  • Updating accounts receivable for collection, besides reconciling bank account credits
  • Itemizing advances or deposits received, besides receipts, etc.
  • Escalating/alerting short payments
  • Preparing and sending account statements
  • Escalating/alerting you about differences found while reconciling your records with account statements.
  • Preparing accounts receivable reports based on analysis of accounts receivable by age, business segment, customer, etc.
  • Using invoices raised to date to prepare cash flow summary for the past and future

Reasons for Outsourcing Accounts Receivables Services:

  • Operating cost minimization
  • Delinquency minimization
  • Increase in recoveries and cash flow
  • Unapplied credit elimination
  • Bad debt reduction

Why Choose 2Max Group?

  • A single source of delivery for documentation for accounts receivable, such as consolidated electronic, mail and print delivery
  • Streamlining of receivables to improve productivity with the help of services related to accounts receivable deduction management
  • Time savings through quick access to document images by many users
  • Greater flexibility and speed
  • All documentation related to customer service in a single repository
  • A problem-solving approach and processes for quality assurance to improve customer loyalty
  • A common web browser for retrieval of data and documents at any point of time
  • Lower costs
  • Virtual extension of your credit department
  • A highly experienced collections team that increases salvaged revenues through primary charge-offs
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