For a while, vendor portals were great because A/R staffers didn't have to spend so much time on the phone with your customers' A/P departments to check the status of invoices or track a purchase order. However, over time your…
Accounts Receivable
Though it’s been three years since states gained the ability to tax online sales, some are still toying with their economic nexus thresholds. The latest state to do so: Maine. As of now, remote sellers must collect sales tax if…
Your A/R team can masterfully issue invoices and process payments, but have they fully developed more interpersonal, soft skills? That’s where many A/R professionals are lacking, says DeAnna Leahy, the Corporate Credit Manager for Sunroc Corporation, in a conversation with…
For CFOs, there’s nothing worse than finding out too late that a customer is financially distressed and can’t pay their bills. That’s why it’s important for your team to constantly have a pulse on customer risk and exposure, says Ed…
With automation being a top priority for companies, you may want to do a pulse check on your A/R team’s modernization progress. The reason: Some A/R departments may think they’re in a better place with digitization than they are in…
Finally! The last state holding out on economic nexus regulations for remote sellers and marketplace facilitators has pulled the trigger. As we mentioned recently, Missouri was the only state with state-level sales tax that didn't yet have sales tax collection…
In a time of great uncertainty and lingering pandemic concerns, A/R must step up its game on assessing and reducing customer credit risk. That’s one of the biggest takeaways from the National Association of Credit Management (NACM)’s 2021 Credit Congress…
For CFOs, it’s vital to keep a pulse on the state of A/R and the challenges your team is facing – especially after the year they just had. The pandemic caused a renewed interest in A/R as a way to…
When your finance team thinks “sales tax audit,” they probably think “big headache.” But a reverse audit could spur a different result. As CFOs know, a reverse audit aims to identify and recover tax overpayments that have either been remitted…
Even years after South Dakota v. Wayfair gave states the power to tax online sales, some states are still working on adding regulations. For a while, Florida, Kansas and Missouri were the only three states with state-level sales tax that…
The Automated Clearing House (ACH) Network is soaring to new heights, so there’s never been a better time to ramp up ACH adoption and usage. In fact, the network set two new records in the first quarter of 2021: In…
Finance pros see every day how complicated sales tax management is getting. It can feel like a whole separate job sometimes. But not every company is fortunate enough to have dedicated sales tax experts on staff or a full tax…
