Intrastate Billing Service (IBS) is the industry leader in providing manageable accounts receivable, backed by unparalleled customer service. IBS offers financialsolutions that allow the business to focus on growth while providing cash flowsolutions, eliminating the credit risk involved with expansion.
The partnership provides integration with the XD, a dealer management system that will allow dealerships to receive real-time credit accounts via IDX directly from IBS.Process software and IBS solution simplifies the exchange of invoice batchfiles, clears payment clearance, automates credit approvals, and provides robust reporting and automated support.
"Our program at Intrastate Billing Service strives to be simple and user-friendly,"through Procedure software, our clients will enjoy a better user experience.The integration will be a natural benefit for our mutual customers.
Exceed Interstate Billing Service Integration allows heavy-duty commercial truck dealerships to experience the benefits of reliable management of out sourced retail accountsand streamlining day-to-day transactions
About interstatebilling service
Intrastate BillingService (IBS) has emerged as an industry leader in managing business andgovernment accounts by providing unparalleled customer service. Founded in 1984in Decatur, Alabama, IBS has grown to serve a client and customer base withover 22 billion annual revenues. The Interstate Billing Service joined the bank's Independent Family in August 2009 and acknowledged the bank's commitment to community involvement and local volunteerism.
Changes in thepolitical winds. Commodity prices fluctuate. Unexpected markets. Many externalevents affect business, yet most are beyond our control.
Measures flow.
This meansmeasuring what happened in the past and using data to predict what might happenin the future.
Successful businessesestimate cash flow for next week, next quarter, and Having accurate cash flowprojection data can alert your business to a problem before things turn around.
Although these accurate cash estimates are not real numbers, they provide educatedcalculations based on careful data analysis. The longer a business has correctdata, the more accurately it can predict cash flow.
Where does a business get its data from? A company can use different means. A typical start is togather feedback from the sales and customer service teams. Is the sales teamreporting good numbers for the quarter? That means a reasonable projection forthe year. Did this week's webinar attend well? Include these new leads in quarterly estimates. More data from all business departments will provide a more accurate, compelling view of the cash flow.
Another way to predictcash flows is to have a clear picture of future cash expenditures or know whenand where the money will go. For the most part, expenses are expected: rent,inventory, equipment, salary, wages and benefits, taxes, and so on, dependingon the business.
Although any estimate,such as budget, can be troubling, it is essential to go through any difficulties and take an honest, hard look at the numbers. Hiding the facts andhoping for the best rarely works.
Accelerate the receiptprocess.
Receipt management isan essential component of the available cash flow and is often an excellent place to review when there is a problem. How quickly services and products arepaid to your business will affect cash flow. Improving receivable accounts canincrease cash flow - with a bit of effort on your part.
There are somequestions to ask when checking your A / R department and process:
Are the payment windows too long? If you give customers 15-30 days to pay, consider shortening the window. As per the electronic transaction routine, it is okay to ask forpayment on receipt.
What is thecommunication workflow for invoices?
Does your company provide adequate notices with alerts and reminders for invoices? Add a few more messages to the communication work flow reminds customers when to pay. The more you can do tomake life easier for busy customers, the faster you get paid.
Is credit given very freely? Most businesses allow customers to use credit for goods and services -without first having a proper background check, and often this leads to delaysor payments. Instead of the risk of slow or unpaid, all customers need a creditcheck before the store can issue credit.
Slow-paying ornon-paying customers? It's an easy one. Just refuse to do business again withannoying customers, or if you must pay them in cash.
Now is the time to behonest. How soon are you sending receipts after good or service is provided?Most payment delays are due to billing delays. Speed up the process bysending receipts as quickly as possible.
Monitor budgets andexpenses.
When a business is booming, it's easy to think you've built it. The mindset when they see sales increase. However, it's time to tighten the belt, not vice versa! Because asthe business grows, so do business expenses.
Like a personal budget, always look for areas where it can make cuts to prevent an increase in spending. Balance business (and employee) is needed when considering deductionsand being ruthless.
