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Accounts receivable

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Accounts receivable outsourcing

Accounts receivable outsourcing services

A timely and effective order-to-cash cycle is vital for improved cash flow, and it plays a critical role in optimizing business performance. However, for many organisations, the paper-based, time-intensive processes of accounts receivable (AR) are often a drain on limited resources.
Leveraging best practices, industry expertise and automation, we deliver less expensive and more efficient accounts receivable services. You get dedicated resources and teams under your control that understand your business processes, integrate your data from various channels and deliver timely collection for cash inflows.
With clear performance benchmarks and SLAs, our services ensure that you improve liquidity while reducing operating costs.
accounts receivable outsourcing

Who can benefit from QX accounts receivable services?

We have helped some of the leading UK businesses to better manage customer ledgers and cash flow, while facilitating smarter business decision-making through detailed reporting. Our accounts receivable outsourcing services are ideal for companies that want to identify and follow up more efficiently on outstanding invoices, improve sales invoicing, invoice discounting, cash posting and allocations functions, and streamline overall AR processes while slashing operational costs significantly.
In addition to large, listed corporations and SMEs, we also serve smaller businesses and start-ups for whom it is not feasible to set up or focus on non-core accounting functions.

QX smart accounts receivable services

We begin by gaining an understanding of your business imperatives, your existing processes and your expectations from outsourcing. Based on your goals, we provide a wide range of accounts receivable services that help your business maximise collections, reduce days’ sales outstanding (DSOs) and improve liquidity. Our service provides you with:

Customer set-up and maintenance
Set-up AR follow-up mechanism
Raise invoices based on the occurrence and send for authorisation
Customer queries resolution
Invoice chasing, escalation, and resolution
Maintain sales ledger accurately
Invoice discounting
Customized accounts receivable reports
Cash allocation for receipts
Revenue reconciliation on weekly and monthly basis
Monthly MIS reports
AR aging reports
Issuing refund checks and credit memos
Accounts receivable deductions management

Choose QX for hassle-free accounts receivables outsourcing

Improved cash flow
By eliminating inefficiencies from your accounts receivable function and chasing payments diligently, we will help you reduce DSOs, minimize late payments and reduce bad debts.
Consolidated documentation
We will set up and hone processes to integrate receivables data from various sources including printed documents, emails and other electronic data.
Dependable outsourcing
QX outsourcing facility is owned and managed by a UK-based organization, most of our leaders have worked in the UK and our employees possess relevant industry expertise.
Accuracy and speed
With a record of delivering a consistently high rate of accuracy since 2003, QX can match and often surpass in-house results. We also leverage the time difference to deliver faster turnarounds.
IT infrastructure savings
No hassles with IT hardware and software. We’ll set up a secure transfer, backup the data and find the best way to collate data from various sources.
Well-informed business decisions
Gain better visibility of all your business aspects touched by accounts receivable function. We will deliver reports of your choice in the formats you require.

Software capabilities

We work with your systems to seamlessly integrate our service, and we offer insights on how to automate repetitive processes. For accounts receivable, we use the following but if you don’t see yours here, it doesn’t mean we cannot work with it – just let us know.

Looking for reliable and accurate accounts receivable outsourcing services?
Our accounts receivable specialists would love to help.