Case: Reducing Accounts Receivable by Automating the Invoicing Process and Payment Control

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Sometimes accounts receivable arise due to the fact that the process of timely issuance and sending of invoices is not established, especially when there are many clients. Let's consider an option for reducing debt using the example of our client's case. The task of the SRO "Union of Ural Builders" is the largest SRO in the Urals Federal District, it includes almost 2,000 construction organizations. Organizations pay invoices quarterly, and the amount of payment depends on certain parameters (for example, the number of cambodia email list contracts in progress). Previously, this was done manually: at the end of the quarter, 2,000 organizations need to issue correct invoices, send them and track the payment. This took a huge amount of time. Solution After the implementation of automation, all invoices began to be generated and sent automatically, and their payment was automatically tracked. Personal control of the employee is required only when the client has not paid within a certain period after all the configured reminders. Result A multiple reduction in labor costs for preparing and issuing invoices, monitoring payments, and working with accounts receivable.
Dialogue with the tax inspectorate
It also happens that money is lost due to working with contractors that the tax inspectorate considers unreliable. Now such situations have become more and more common: the tax office can challenge VAT deductions if something is wrong with the contractor (for example, signs of a “fly-by-night” company). If you have saved express reports from the “Counterparty verification. Report from Kontur. Focus” application, made before concluding a contract and before making payment transactions (this process can also be automated), you can use them as evidence that everything was fine with the company. We already have examples of arbitration courts accepting reports from Kontur. Focus as evidence.
Conclusions: How automation helps in reducing accounts receivable
1. Reduction of employee labor costs for checking counterparties and working with accounts receivable. 2. Reduction of accounts receivable indicators in general. 3. Elimination of disputes with the tax authorities on VAT deductions due to working with unscrupulous contractors. 4. All this reduces unforeseen risks and this gives stability to the business. The company can develop more organically and make plans.