We developed the infographic’s as a simple representation of the many problems we’re seeing in the business to business credit marketplace – especially for smaller and growing enterprises.
Chardon, Ohio (PRWEB) April 17, 2013
Today e2b anytime apps, publishers of Anytime Collect accounts receivable credit and collections management software, announced a new infographic entitled “The Accounts Receivable Crisis” featuring the latest business credit industry statistics and accounts receivable research. Accounts receivable is typically one of the largest assets for most businesses and a company’s ability to collect their cash in a timely manner has a serious and direct impact on cash flow and their bottom line.
The infographic provides eye-opening statistics on the nature of accounts receivable and alarming facts on how difficult it becomes to collect invoices as they continue to age. For instance, the infographic point outs that 26 percent of invoices are uncollectible after three months while only 10 percent of invoices over one year old are collectible. This and other examples demonstrate the importance of efficiently and effectively managing collections activities and credit receivables and how rapidly a few months can change that outstanding invoice into an A/R crisis.
“We developed the infographic’s as a simple representation of the many problems we’re seeing in the business to business credit marketplace – especially for smaller and growing enterprises,” said e2b teknologies Director of Marketing, James Mallory. “The infographic’s simple design helps business owners and financial professionals to clearly see the impact that accounts receivable has on their business and what the ramifications are for ignoring or not recognizing the problems and addressing them earlier in the process.”
According to Paystream Advisors, companies who implement credit collections management systems like Anytime Collect typically realize at least a 10 percent reduction in bad debt write-offs. That’s a $40,000 annual savings for a business that sells $10 million in products or services on credit terms.
Download the free infographic here.
About e2b teknologies
e2b teknologies (e2btek.com) provides cloud-based business software applications and business services to progressive businesses worldwide. e2b anytime apps (e2banytime.com) is the publisher of Anytime Supply Chain, Anytime Commerce, Anytime Collect, and related Anytime brand products. e2b enterprise (e2benterprise.com) develops custom cloud-based business applications and resells leading ERP accounting software, CRM, HRMS, and other enterprise business software applications from Sage Software, Epicor, Intacct, SugarCRM, and other publishers. e2b calibration (e2bcal.com) is an ISO/IEC 17025 accredited calibration laboratory.