40-60% Cost Savings
Experienced Team
300+ Clients in USA
Our 16-year-old accounting outsourcing firm is one of the top accounts receivable outsourcing companies, providing skilled and experienced account receivable specialists at competitive rates. Our team of highly trained accounts receivable specialists and accountants have extensive experience in customer billing across various industries, including retail, real estate, IT, consulting, construction and more.
Our accounts receivable personnel are experts in handling complicated customer billing and invoicing processes, such as progressive billing, complex timesheet-based billing, commission billing, and rent runs for real estate companies. They are well-versed in the use of industry-leading software such as QuickBooks, Xero, NetSuite, Yardi (Genesis and Voyager), AppFolio, ERP, and Oracle packages. With a successful track record of serving over 300 businesses across the US, Canada, UK, Middle East, and Singapore, our company is the go-to choice for businesses seeking top-notch account receivable services.
The indicative standard charges for Accounts Receivable Management Services are listed below. Custom packages of 25, 50 and 80 hours per month are available.
Accounts Receivable Specialist typically can perform the following outsourcing accounts receivable activities - invoicing, running rents (for real estate cos.), tenant/customer set-up and accounting, late fee processing, rent receipting/cash application services, tracking receivables, email and call based collection support, and miscellaneous outsourcing accounts receivable tasks.
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Accounts Receivable Outsourcing refers to the practice of outsourcing the management of a company’s accounts receivable process to a third-party service provider. This allows companies to focus on their core business activities, cost savings, increased efficiency and improve their cash flow management.
Companies should consider outsourcing their accounts receivable for several reasons, including cost savings, increased efficiency and improved cash flow management. By outsourcing their accounts receivable, companies can free up valuable time and resources that can be redirected to other areas of their business. They can also benefit from the expertise and experience of OHI in managing accounts receivable, which can lead to increased accuracy and speed in collecting payments.
Services typically included in an accounts receivable outsourcing service include invoicing, credit management, payment collections, account reconciliation, and dispute resolution. OHI can handle the entire accounts receivable process from start to finish, which can help to reduce the burden on a company’s internal resources.
OHI, as an accounts receivable outsourcing firm, can ensure the security and confidentiality of a client’s financial data by implementing strict security measures and data protection protocols. This can include access controls, firewalls, encryption, and regular backups. OHI also have a comprehensive privacy policy in place and train its employees on the importance of maintaining client confidentiality. This is particularly important in the accounts receivable outsourcing industry, where the handling of sensitive financial information is a critical aspect of the business. By implementing these measures, OHI can provide clients with peace of mind, knowing that their financial data is secure and protected.
A company can measure the success of their accounts receivable outsourcing by tracking key metrics such as the speed of collections, the accuracy of invoicing, the rate of dispute resolution, and the overall improvement in cash flow management. The company should also regularly communicate with the outsourcing provider to discuss any challenges or areas for improvement and assess the overall satisfaction of its customers and clients.
