Due to the ever-growing economy, it has become imperative for businesses to utilize their resources smartly to absorb highest Return on Investment. However, many businesses find it hard to allocate time for managing their debt accounts. Also, they face challenges in collecting long receivable billing cycles because of the strenuous processes involved in it. So, the best and reliable option for such businesses is outsourcing accounts receivable aging report creation services to a partner like Flatworld Solutions that helps in enhancing cash flow to internal account receivable departments.
Flatworld Solutions is a leading accounts receivable aging report creation service providing company in the world with more than 20 years of expertise in the industry. Flatworld Solutions intends to assisting businesses in running their activities efficiently and profitably. Our accounts receivable aging report creation services consist of a set of stringent strategies that help businesses improve their AR department’s performance by reducing outstanding dues from others and shoot up the working capital.
Accounts Receivable Aging Report Creation Services We Offer
Flatworld Solutions has been a successful account receivable aging report creation service provider for clients across the globe. We offer comprehensive AR aging report creation services at cost-effective rates and allow them choose their needs from a wide range of services. The major services included in our accounts receivable aging report creation services consist of -
- Accounts receivable deductions management services
- Records and accounts for revenue
- Accounts receivable factoring services
- Maintaining subsidiary receivable ledgers
- Enlisting due payments into the accounting systems
- Billing preparation
- Real estate accounts receivable services
- Preparing and delivering periodic statements
- Preparing accounts receivable reports
- Making adjustments made by customers
- Releasing memos and checks approved by customers
- Deducting cash received from customers and resolving the short pays
AR Aging Report Creation Process We Follow
Flatworld Solutions has everything it takes to handle whole revenue cycle management for all businesses like billing companies, real estate, hospitals, etc. With nearly two decades of experience, we have an exceptional process flow in services to make sure that we provide error-free accounts receivable aging report creation services. Here’s the precise synopsis of how the FWS’s AR aging report creation services process flows -
Collecting Access and Analysing Receivable Data
FWS expert team receives accounts receivable data through a secured FTP channel or gets access to the clients billing or EMR systems. Then our Account Receivable team accesses the data, reviews and analyses it.
Aging Report Creation
The analyzed data of accounts receivables are segregated or listed as age-wise buckets, such as present, 30, 60, and 90 days. The ‘present’ receivables include which are due in the period of next 30 days.
Account Receivable Follow-ups
A dedicated Account Receivable team is assigned to follow-up process where they call 3rd party payers to update the dues to be cleared. We indulge in proactive follow-up calls which result in successful repayments. Also, we keep informed you about the status and ask for further details and documents if required in case of rejections or denials.
Analyzing and Reporting
The call conversations are tabulated and analyzed to produce the tendencies of receivables like ceaseless low payments by some carriers, repeated rejections, denials by carriers, etc. In addition to that, our follow up AR team produces the below reports -
- Collections received and applied
- Collection rate
- Account receivable aging report
- Outstanding and trend analysis
- Write-offs or adjustments in pay
Submitting Final Report
All aforementioned reports are meticulously documented and sent through secured channels to the clients. Our support staff and a dedicated manager are available 24/7 to assist you with any concerns in regard to the final report.
Other Services You Can Benefit From
Why Outsource Accounts Receivable Aging Report Creation Services to FWS?
At FWS, we have extensively knowledgeable and experienced AR team who have worked with hundreds of clients and rendered efficient results. So, when you outsource accounts receivable aging report creation services FWS, our AR experts give you personalized account receivable aging reports and solutions that best suit your business needs. Apart from this, there is a variety of unique benefits that you acquire by outsourcing accounts receivable aging report creation services to FWS, which include -
FWS offers personalized accounts receivable analysis report services at flexible prices that lie in line with client budget. Our AR aging report creation services are very cost-effective which reduces your processing cost by more than 60%. Hence, unlike others, we claim only for the service we render. So, leave your worries about the budget and outsource AR aging report creation Services to us.
100% Information Security
We, at FWS, believe that it’s imperative to maintain high confidentially while dealing with clients' data. FWS is an ISMS certified company with all of its staff signed Non-Disclosure Agreement. In addition to that, we possess international standards security systems as we have a vast global client base.
High Accuracy in Data Handling
FWS consists of highly talented AR specialists, managers, quality assurers, etc. who are well capable of rendering international accounts receivable analysis report without any error. All of our reports are created after multiple quality checks which ensure that we provide more than 99% accurate services.
A Short Turnaround
FWS has multiple centers to provide timely services to global clients within a short time. Also, depending on the client requirements we deploy offshore and online experts to deliver the AR reports within the short span.
One of the cardinal aspects of outsourcing service is scalable capability. When you outsource accounts receivable AR creation services to FWS, you don’t have to worry about scaling up requirements as we have enough resources to take up any kind of challenges to send us.
Round the Clock Customer Support
We believe that the best customer service is what makes a company outstanding in the market. Hence, we urge to provide ceaseless customer support to the clients with our 24/7 operating support staff from multiple locations in the world to resolve queries of clients from varying time zones.
State of the Architecture and Modem Tools
Since late, modern technologies have made easier to perform tasks and FWS ensures to leverage them for rendering timely AR aging report creation services to clients. Additionally, FWS has world class infrastructure to maintain security systems, modern tools, and aesthetic ambiance to increase internal productivity.
Other major benefits of outsourcing accounts receivable aging report creation services to FWS are -
- We salvage revenue and increase cash flow
- We reduce bad debts and bring down delinquencies
- We provide immediate access to all the documents as soon as we create
- We regularly monitor and handle customer disputes, discrepancies and document the same
- We consolidate all data from mail, print, and electronic deliveries into one report
- We create a dedicated repository for all your reports and give access
- We incorporate Total Quality Management (TQM) to create enhancement opportunities
Client Success Stories
Financial & Accounting Back-office Support
A Las Vegas-based Loan Production Office of a bank approached us with financial and accounting back-office support requirement. Our team provided the required service and helped the client to efficiently manage the huge volumes of paperwork.
Billing Services for a Law Firm
A leading law firm was looking for a cost-effective and reliable billing service provider. Our team provided the services within a quick time.
Outsource Accounts Receivable Aging Report Creation Services to Flatworld Solutions
Flatworld Solutions has been a leading provider of accounts receivable aging report creation services and a series of other financial services to global clients. With a large pool of experts comprising AR specialists, Quality Assurance team, modern infrastructure, latest software, and quick turnaround time, FWS assures you highly qualified and accurate accounts receivable analysis report. So, have no second thoughts and contact us now to outsource accounts receivable aging report creation services and we will get back to you within 24 hours.