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100+
Clients Served
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5000+
Invoices Processed Per Month
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200+
Completed Projects
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15000+
Reconciliation in a Month
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250+
Completed Projects
Boost Your Cash Flow with Expert Accounts Receivable Services
Dealing with overdue payments and tracking outstanding invoices can be frustrating and time-consuming. That’s why we offer fully outsourced accounts receivable solutions to simplify your billing process and ensure steady cash flow. With our experienced team managing your receivables, you can rest assured that payments are collected on time and your financial health remains strong.
Outsourced Accounts Receivable Services We Offer
- Invoice Generation & Distribution
- Payment Collection & Follow-up
- Account Reconciliation & Aging Reports
- Cash Flow Forecasting & Management
- Credit Control & Risk Assessment
Challenges We Tackle for You
Managing accounts receivable can be tough, but Whiz Consulting simplifies it by reducing overdue payments, cutting costs, and optimizing your workflows.
Lack or Overdue Invoices:
We prioritize timely follow-ups and efficient collections to reduce overdue payments and prevent uncollected debts. Let us handle the follow-ups while you enjoy the confidence of having your receivables managed seamlessly
Billing Confusion and Invoice Mistakes:
We take charge of your invoicing process, ensuring accuracy and prompt delivery. By streamlining billing operations, we minimize errors and guarantee that every charge is properly accounted for and billed on time.
Cash Flow Challenges from Delayed Payments:
We proactively manage payment timelines and follow-ups to speed up collections and maintain a steady cash flow. Our streamlined receivables process ensures your business has the resources it needs to grow and succeed.
Simplifying Accounts Receivable to Improve Cash Flow
We transform your accounts receivable process into a smooth, efficient operation tailored to your business needs. Using a combination of skilled professionals, innovative technology, and customized strategies, we reduce collection times, boost cash flow, and enhance your financial processes. From managing invoices to nurturing customer relationships, we take care of every detail, so you can concentrate on driving your business forward.
Behind on
your books?
Take advantage of Catch-Up Bookkeeping, and you’ll never feel behind on your books again.
- Tailored Onboarding
- Seamless Integration
- Data Migration Support
- Dedicated Account Manager
- No Disruption to Operations
- Scalable Solutions
Switching to Whiz is Simple!
Making the shift to a new accounting partner might seem daunting, but with Whiz, it's a hassle-free experience. We guide you every step of the way, ensuring a smooth transition with no downtime or disruptions. Focus on what you do best while we take over the responsibilities of your books.
Switch Now
Our Technology Partners
Empowering innovation with cutting-edge solutions designed to drive efficiency and transformation.
Why Choose Us?
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Innovative Workflow
We leverage cutting-edge technology and best practices to create streamlined workflows that ensure accuracy, efficiency, and timely delivery of your financial reports.
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Seamless Collaboration
Our team works closely with you/team to ensure smooth communication and a deep understanding of your bookkeeping needs. Whether it's a quick update or a strategic discussion, we're always just a call away.
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Decade of Experience
With over 10 years of industry experience, we have a proven track record of helping businesses from various sectors stay organized and financially sound.
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Dedicated Experts
Our team consists of highly skilled, certified professionals who are dedicated to supporting your business. From accountants to financial analysts, we have the expertise to handle your unique challenges.
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Real-Time Insights
Gain a clear, up-to-date view of your financial health round-the-clock. Our real-time reporting and dashboards provide actionable insights that help you make informed decisions and drive business growth.
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Cost Savings
Outsourcing your accounting and bookkeeping with us means lower overhead costs. We offer scalable services tailored to your needs, helping you save on hiring, training, and maintaining an in-house team.
Client Testimonials
See how we've helped others achieve their financial goals with personalized solutions and expert guidance.
"Excellent work with invoicing automation and AP & AR processing. Highly recommended!"
Aaron Attwell
Director
"Excellent team to work with. Great work. Will use their service again for sure."
Jon Kontopos
Vice President
"Exceptionally understanding and competent team. A wonderful experience."
Andy Seth
CFO
"Your team has been outstanding, and we're truly grateful for the exceptional service you've provided in managing our accounting and bookkeeping. The positive outcomes and seamless interactions have been invaluable to us."
Kevin G. Gilles
Founder & CEO
"We wanted to thank you for all of the work and efforts you have completed on our behalf in assisting with the management of our accounting and bookkeeping over the last several months. We have had nothing but positive results and interactions with the Whiz team."
Christopher T. Wright
CFO
"Let me open by saying how pleased I am working with you and the team. It has been an excellent journey so far and I very much appreciate the efforts over the last year."
Kendall Schoenrock
President, SilverRock Ventures
" Love working with the team. Very reliable and responsible"
Nikolas Dimitroulakis
Co Founder
How It Works
We simplify the process to help you achieve your financial goals with ease.
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Seamless Transition
We ensure a smooth, hassle-free transition, minimizing disruption to your operations.
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Transparent Communication
We keep you informed at every step with clear, open communication.
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Accurate Finances
Our team provides precise financial tracking to ensure everything stays on budget and within scope.
Have questions in mind? Find answers here...
We adhere to strict data protection protocols such secure cloud storage, regular audits, and encryption to ensure your financial data remains secure from any vulnerabilities.
With outsourcing we help you address challenges such as delayed payments, high operational costs, inefficient processing, and irregular cash flow while improving data accuracy and reducing manual errors.
A good accounts receivable turnover ratio indicates that your business is efficiently collecting payments, which enhances cash flow and reduces bad debt. Consistently tracking this ratio helps assess the efficiency of the collection process and determine areas for areas of improvement.
With accounts payable automation you can reduce the time invested on manual data entry, tracking and payment processing. It allows businesses to focus on enhancing their AR process.
Our services are customizable and scalable according to your needs. Our experts can help you with specific AR tasks without having to outsource the entire function.
Thousands of business owners trust Whiz to manage their account
Let us take care of your books and make this financial year a good one.
More About Accounts Receivable Services
Efficient cash flow management is essential for maintaining financial stability and ensuring business growth. A key component of this process is accounts receivable, which represent the payments owed to a business by its customers. By leveraging outsourced accounts receivable services, companies can streamline payment collection, reduce the risk of overdue payments, and improve their overall financial performance.
Get a CallAccounts receivable refers to the money a business is owed for goods or services delivered but not yet paid for. These are considered short-term assets and play a significant role in maintaining liquidity. While selling on credit can increase sales, it also comes with challenges like delayed payments or defaults. Proper management of the accounts receivable process is critical to ensuring steady cash flow and reducing financial risks.
Managing accounts receivable goes beyond issuing invoices. It involves a structured process that ensures accurate record-keeping, timely payment collection, and strong customer relationships. Professional accounts receivable services cover:
- Invoice Generation and Distribution: Ensuring invoices are accurate and sent on time to reduce delays.
- Payment Follow-ups: Proactive reminders to customers to ensure timely payments.
- Account Reconciliation: Regularly reconciling records to ensure all payments are accounted for.
- Dispute Resolution: Addressing customer queries and resolving discrepancies quickly.
- Aging Reports: Monitoring overdue accounts to maintain control over outstanding payments.
By outsourcing these functions, businesses can eliminate inefficiencies and focus on core operations.
A vital metric for evaluating the effectiveness of your accounts receivable process is the accounts receivable turnover ratio. This KPI measures how quickly your business collects payments within a specific period.
The formula is:
Accounts Receivable Turnover Ratio = Net Credit Sales / Average Accounts Receivable
A high ratio indicates efficient payment collection and healthier cash flow, while a low ratio suggests delays and potential collection challenges.
Accounts receivable outsourcing services allow businesses to improve efficiency, reduce errors, and ensure steady cash flow. With experienced professionals managing the process, companies can avoid overdue payments, reduce bad debt, and maintain positive relationships with their customers.
Investing in outsourced accounts receivable services not only simplifies your financial operations but also ensures your business stays financially healthy and prepared for growth.
