Comparison between collection software and Google Sheets

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In the complex world of collections, an adequate choice of technological tools that we use in the management of accounts receivable can make the difference in increasing the collection rate and reducing the rate of default . In general, companies are accustomed to using tools such as Excel or Google Sheets (the Google Excel ) for these processes; however, although they may be useful initially, they are not specialized technological solutions for collection management . For this purpose, there are dedicated programs, such as a collection software .

If you have read this far, it is likely that you have reached a point where solutions such as Google Sheets are no longer efficient for the collection process of your portfolio, so in this post we share the advantages that using collection software offers you compared to Google Excel.

What will you find in this text?

1. Collection software allows you to automate specific processes

2. You have better management of customer communications

3. It allows you to detect deficiencies in the collection processes

4. They allow accurate verification of invoices and purchase orders

5. Collection software can be integrated with other business software

6. They allow immediate and precise visibility of collection processes

1. Collection software allows you to automate specific processes
Unlike a Google spreadsheet, where you can only enter data manually (or by replicating formulas), when you use a collections software , you have the advantage that it can automate many of the repetitive tasks that buy uk mailing list perform. For example, sending invoices, scheduling notifications or messages for clients on certain dates; you can also activate alerts that allow you to identify deficiencies in the collections process in time.

2. You have better management of customer communications
Another advantage of implementing debt collection software is that these programs help you not only customize the messages that are sent to each segment of your portfolio, but also the time at which these messages or notifications are sent. This way, you can have message templates that are sent before the invoice is due, on the same day it is due, or on dates after it.

4-Automate your collections management

3. It allows you to detect deficiencies in the collection processes
In order to detect deficiencies in the collection processes using Google spreadsheets , you would have to have or hire trained personnel to review all the data entered in the book. However, when you have automated collection software , this changes and becomes easier; since it is the Artificial Intelligence (AI) included in these programs that facilitates the identification of errors in the billing process that affect collections , so that your team can manage strategies that favor the prompt payment of debts.

4. They allow accurate verification of invoices and purchase orders
Collection software stands out over Google Sheets by allowing accurate verification of invoices and purchase orders. In this way, it ensures consistency between financial data, avoiding errors and facilitating efficient audits.

This functionality ensures the integrity of accounting information, minimizes risks associated with discrepancies in business transactions and optimizes financial management.