Namaca is one of the best accounts receivable outsourcing company in Canada and helps them to take control of their cash flow. We make use of different accounts receivable software to help Canadian businesses with accounts receivable, ensuring that they do not turn into bad debt.
One of the most considerable assets on a balance sheet is Account Receivable. Even though most businesses are aware of its significance, it fails to perform this task efficiently. Businesses are not able to allocate their time and resource efficiently for accounts receivable.
Most of the businesses are focused so much on acquiring new customers and then delivering the product and services to the customer that they end up spending a significant chunk of time and effort on the same. They end up neglecting to collect the receivables, which might cause an obstruction in the cash flow and can result in causing debts for the company.
With an outsourced partner, you can focus your time, effort, and money on acquiring new customers instead of spending on the accounts receivable process.
An Outsourced Accounts Receivable Service cost as compared to hiring in house resources or Chartered Accountant will be much affordable.
Days Sales Outstanding is reduced by ensuring every sale is recorded and receivables are collected, keeping in mind the outstanding days.
Outsource partner creates a positive barrier between you and your clients, helping maintain healthy relationships.
Let’s get to know each other – fill out a simple online questionnaire and we’ll schedule a free Zoom call. We’ll get to know your business better, and explore whether we’re the right fit for one another.
If we decide to work together after our discovery call, we’ll have a second free call to walk you through our process, familiarize you with the apps we use, and discuss a plan that’s tailored to your company’s needs – both for the immediate and the future.
Onboarding can be a little scary, but we’ll handle the process from A-Z for you. We’ll introduce you to your new team of dedicated accountants, then give you a little refresher on how the process works and how to use the different technologies. Now’s when things really take off: we start handling your day-to-day accounting so you can focus on growing your business.
Our goal is to continually make improvements to our process to best meet your company’s needs. Over the first few months we’ll check up regularly to ensure you are fully comfortable with the new setup, and make any necessary tweaks to make sure things are as efficient and lean as possible.
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When your customers buy goods or services on credit, the amount due by all your customers makes up the accounts receivable. Accounts receivable is a current asset of your business. These payments are yet to be received by specific due dates hence the name receivable. While it is best to avoid selling products or services on credit, it is inevitable to run a business. Payment made on an immediate basis is good for the business but not practically possible as you have to match up to the credit period offering by competitors in the industry.
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