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100+
Clients Served
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100000+
Invoices Processed Per Month
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500+
Completed Projects
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1000000+
Reconciliation in a Month
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100+
Team Size
Hassle-Free Accounts Receivable for Steady Cash Flow
Dealing with overdue payments and unpaid invoices can be a real challenge. At Whiz Consulting, we offer comprehensive outsourced accounts receivable services to simplify your billing and ensure a smooth cash flow. With our skilled professionals managing your accounts, you can rest assured that your invoices are paid promptly, and your finances remain in perfect order.
Outsourced Accounts Receivable Management Services We Offer
- Invoice Generation & Distribution
- Payment Collection & Follow-up
- Account Reconciliation & Aging Reports
- Cash Flow Forecasting & Management
- Credit Control & Risk Assessment
Challenges We Solve for You
Managing accounts receivable can be a complex task, but at Whiz Consulting, our accounts receivable management services go beyond addressing common challenges. We streamline your processes, reduce overdue payments, optimise workflows, and help you save on costs.
Late or Unpaid Invoices
Tired of chasing payments? With our accounts receivable outsourcing services, we handle consistent follow-ups and timely collections, reducing overdue invoices and minimising uncollected debts. Leave the stress behind and enjoy the confidence of having your receivables in order.
Inaccurate or Disorganised Invoicing
Our team ensures error-free, prompt invoicing, managing every detail with precision. Through our comprehensive accounts receivable services, we simplify your billing process, cutting down mistakes and ensuring every charge is accounted for accurately.
Cash Flow Issues from Slow Payments
Struggling with delayed payments? Our accounts receivable outsourcing solutions accelerate collections and manage schedules to close cash flow gaps. With optimised receivables, your business will always have the resources to grow and thrive.
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!
Switching to a new accounting partner may sound like a task, but with Whiz, it’s completely stress-free. We support you at every step, guaranteeing a seamless transition without downtime or disruptions. Leave your bookkeeping to us, so you can focus on what you do best.
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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 utilise cutting-edge technology and proven best practices to design streamlined workflows that guarantee accuracy, efficiency, and the timely delivery of your financial reports.
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Seamless Collaboration
Our team works closely with you to ensure effective communication and a thorough 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 expertise, we have a proven history of helping businesses across various sectors stay organised and financially sound.
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Dedicated Experts
Our team comprises highly skilled and certified professionals, dedicated to supporting your business. From accountants to financial analysts, we have the expertise to tackle your unique challenges.
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Real-Time Insights
Enjoy a clear, up-to-date view of your financial health at any time. Our real-time reporting and dashboards provide actionable insights to help you make informed decisions and drive business growth.
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Cost Savings
Outsourcing your accounting and bookkeeping with us reduces overhead costs. Our scalable services are tailored to your needs, saving you the expense of 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, minimising 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...
The main purpose of accounts receivable services is to ensure timely collection of customer payments, maintain accurate financial records, and improve cash flow management. This involves efficient invoicing, payment follow-ups, account reconciliation, and resolving disputes.
A strong accounts receivable turnover ratio indicates that your business is efficiently collecting payments, leading to improved cash flow and reduced bad debts. Tracking this ratio helps you evaluate your collections process and identify opportunities for optimisation.
Accounts payable refers to the money a business owes to suppliers, while accounts receivable represent the money owed to the business by its customers. Both are essential for managing cash flow and maintaining a healthy financial balance.
Automation simplifies the accounts receivable process by reducing manual tasks like data entry, invoice generation, and payment tracking. It streamlines operations, minimises errors, and allows businesses to focus on optimising their accounts receivable management strategy.
Yes, businesses can use advanced software to automate key elements of the accounts receivable process, such as generating invoices, sending payment reminders, and reconciling accounts. This improves efficiency and ensures smoother cash flow management.
Accounts receivable outsourcing services provide expert support to handle billing, collections, and customer follow-ups, ensuring timely payments and reduced outstanding debts. Outsourcing allows businesses to focus on growth while experts manage the intricacies of their accounts receivable.
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.
Accounts Receivable Services: Streamlining Cash Flow and Enhancing Financial Health
Effective cash flow management is vital for maintaining a strong financial position. A critical component of this is accounts receivable, which represents the outstanding payments a business is owed by its customers. Efficient accounts receivable management ensures consistent cash flow, supports business growth, and minimises the risks of overdue payments and bad debts.
Get a CallAccounts receivable refers to the money owed to a company by its customers for goods or services delivered but not yet paid for. It’s classified as a short-term asset on the balance sheet. A high volume of accounts receivable often indicates that a business is extending credit to customers, which can drive sales but also increases the risk of delayed payments or defaults.
Managing accounts receivable involves more than simply issuing invoices. It requires a coordinated approach to ensure timely payments, accurate financial records, and positive customer relationships. Professional accounts receivable services streamline this process, reducing human error and improving cash flow management. These services typically include:
- Invoice Generation and Distribution
- Payment Collection and Follow-up
- Account Reconciliation
- Preparation of Aging Reports
- Dispute Resolution
Outsourcing these tasks to a trusted provider through accounts receivable outsourcing services can further optimise your workflow and free up resources for core business activities.
A crucial performance metric in accounts receivable management is the accounts receivable turnover ratio, which measures how efficiently a business collects its receivables within a given timeframe, typically a year. A high turnover ratio reflects efficient collection processes, while a low ratio may signal lenient credit policies or collection challenges.
The formula for the accounts receivable turnover ratio is:
Accounts Receivable Turnover Ratio = Net Credit Sales / Average Accounts Receivable
A higher ratio indicates faster collection of payments, leading to improved cash flow and increased availability of funds for operational needs or reinvestment.
Opting for accounts receivable outsourcing services allows businesses to delegate the complexities of the accounts receivable process to experts. This approach enhances efficiency, reduces costs, and ensures that cash flow remains uninterrupted, enabling your company to focus on growth and strategic objectives.
