Skip to main content

Accounts Receivable

Accelerate Cash Flow, Expand Opportunities, and Improve Liquidity with Streamlined Processes.

Accounts receivable allows businesses to effortlessly and promptly generate and send invoices, establish credit terms, oversee collections, and acquire the necessary funds for expansion. This empowers companies to expedite their credit-to-cash cycle, capitalize on emerging investment prospects, and enhance overall liquidity. Moreover, the ability to access real-time information throughout the entire accounts receivable procedure enables finance teams to effortlessly monitor the status of outstanding receivables. This can be done at both a macro level and on an individual customer and invoice basis. By automating and streamlining the invoice delivery, payment processing, and collections management, businesses can effectively enhance liquidity for growth, reduce the credit-to-cash timeline, improve service levels, and seize investment opportunities promptly.

Simplification and Automation

Streamline manual accounts receivable procedures and empower finance teams to efficiently generate digital invoices and provide diverse payment choices for faster collections.

Reporting and Insights

Gain immediate access to customer aging, detailed analysis of invoices, recurring invoicing, and accurate calculations of deferred and recognized revenue.

End-to-End Solution

Facilitate comprehensive accounting, cash flow, and revenue management by enabling automated quote-to-order fulfilment, integrated planning, and budgeting.

kinetic-collage-1705.png

Unified

Bringing data, technology & expertise together to transform your business and make future-ready.

Connected

Integrating different varieties of data to enhance transparency, insights, and transform digitally to capitalize on data and innovate without boundaries.

Interoperable

Reliable & Resilient – your platform & partner for digital transformation without limits.

Accuracy, Efficiency, and Trust

Experience a multitude of benefits that awaits

  • Increase productivity by optimizing workflows, simplifying intricate and time-consuming procedures through the automation of repetitive tasks, and offer a centralized platform for efficient collection management.
  • Gain instant access to up-to-date accounts receivable data, empowering your team to make well-informed decisions, prioritize actions accordingly, and implement proactive strategies to minimize outstanding sales periods.
  • Improve overall efficiency by eliminating unnecessary clutter and ensuring that each team member has immediate access to the vital information required for their tasks, conveniently accessible at their fingertips.
  • Facilitate early issue identification and prompt remedial actions by leveraging real-time insights and proactive monitoring, empowering your team to swiftly mitigate potential problems.
  • Enhance efficiency by eliminating manual processes and implementing automation for data entry, billing, and cash application processes, consequently improving the reconciliation of receivables.
  • Generate precise and punctual financial statements by adopting automated revenue recognition methods that comply with both domestic and international regulations.
  • Reduce the duration of outstanding sales days with the assistance of automated dunning and collection notices.
  • Seamlessly access invoice, payment, and customer receivable data from a centralized repository.

Prominent attributes to enhance your organization

Simplify and streamline your organization's complex processes with Nirmalya Enterprise Resource Planning, an all-in-one enterprise resource planning platform.

Customer Profiling

Experience unparalleled efficiency in maintaining accurate customer data, developed exclusively for customer profiling. Ensure a complete overview of your customers through comprehensive records, including contact information, transaction history, purchased items, open invoices, communication logs, and much more. It empowers finance teams to enhance data security by configuring user roles and privileges, enabling them to define access permissions and record modifications. Streamline your customer data management and enjoy the peace of mind that comes with our secure customer profiling feature.

  • Guarantee a comprehensive customer overview comprising contact details, transaction history, purchased products, outstanding invoices, communication logs, and additional relevant data.
  • Establish access permissions and maintain a record of modifications to safeguard sensitive customer information and ensure it remains accessible solely to authorized individuals.
  • Foster increased engagement rates, enhance conversion rates, and ultimately stimulate revenue growth.
  • Promptly identify potential customer churn and implement proactive measures to secure customer retention.

Automated Invoicing

Optimize your billing procedures that automate the conversion of sales orders into invoices upon order fulfilment. With our intuitive feature, easily tailor invoice templates to cater to the precise billing requirements of each customer, enhancing their satisfaction. Whether you prefer traditional billing methods via mail or advanced options like email or customer portal integration, it seamlessly accommodates your preferences. Rest assured,it effortlessly calculates diverse taxes, including GST, CES, TCS, TDS, VAT, and sales taxes, to ensure accurate financial records. By automating transaction postings to the general ledger, it minimizes the risk of errors from manual data entry, allowing you to maintain up-to-date accounts receivable data effortlessly.

  • Customize Invoice templates to cater to the individual billing needs of your customers, ensuring a tailored experience for them.
  • Precisely calculate varied taxes to maintain reliable financial records, eliminating any room for inaccuracies in your calculations.
  • Mitigate the possibility of errors through automated transaction postings, ensuring a seamless and error-free process.
  • Simplify account receivable management by effortlessly maintaining accurate and up-to-date data, allowing for effective and efficient maintenance of your financial records.

Invoice Consolidation

Streamline your billing process with consolidated invoicing, a powerful solution that saves time and enhances efficiency. By combining multiple orders placed within a single billing period, our system generates a unified invoice. When payment is made, it is intelligently allocated to each order, ensuring accurate financial records. With faster billing and more efficient invoice processing, your finance team can focus on other critical tasks. Our consolidated invoicing solution also benefits your customers by enabling them to make a single payment, significantly increasing convenience while reducing sales days outstanding.

  • Consolidate all orders made during a specific billing period into one cohesive invoice, eliminating the need for multiple invoices per order.
  • Automatically allocate incoming payments to their corresponding orders and invoices.
  • Utilize the convenience of consolidating bill payments into a single transaction, effectively preserving precious time and effort for customers.
  • Experience accelerated billing procedures and streamlined invoice processing for enhanced efficiency.

Payment Management

Experience hassle-free approach to accepting payments that covers multiple payment methods including cash, credit card, check, bank transfer, electronic funds transfer, and various electronic formats. It takes care of matching customer payments with open invoices automatically, eliminating the risk of errors and easing your accounting workload. You can effortlessly apply a single payment to multiple bills, speeding up your billing process and enhancing your productivity. Keep a close eye on customer deposits and align them with performance milestones to ensure accurate and transparent invoicing. It simplifies credit allocation, while efficient refund management is at your fingertips. By enabling seamless payment collection for electronic and printed invoices, it empowers businesses to receive payments with utmost ease and convenience.

  • Implement automated payment matching to eradicate any potential errors and streamline the process.
  • Accelerate the billing process to boost overall productivity and optimize efficiency.
  • Generate precise and transparent invoices to ensure accuracy and promote trust among stakeholders.
  • Streamline credit allocation and optimize refund management processes, simplifying and enhancing overall efficiency.

Streamline Collections

Elevate collections process to new heights of efficiency and customer satisfaction with tailor made collections process for exceptional customer Service. It offers proactive and consistent customer outreach, enabling companies to effortlessly send reminders in multiple languages and currencies, aligning with diverse customer preferences. With the freedom to administer company policies and customize communications for your most valued customers, finance teams can provide a white glove experience while ensuring optimized collections and improved cash flow. Trust tailored solution to streamline your collections journey and exceed customer expectations.

  • Maintain a consistent communication pattern to build trust and foster strong relationships.
  • Personalize your communication strategies to cater to the specific needs and preferences of your esteemed customers.
  • Streamline your collections process to make it more efficient and seamless for both your business and customers.
  • Deliver exceptional service by providing timely updates, prompt resolutions, and demonstrating genuine care for their satisfaction.

Dashboard and Analytics

Enhance the effectiveness of your finance team by utilizing an interactive dashboard for accounts receivable. Integrative dashboard is specifically crafted to ensure effortless navigation, enabling personalized settings based on individual roles. It empowers team members to conveniently set reminders and access frequently used actions and reports with just a few clicks. The intuitive format facilitates swift identification of crucial information and activities, enabling your team to closely monitor collections and diminish outstanding sales. With customizable accounts receivable reports, user-friendly features, and adaptable segments, you can conduct comprehensive multidimensional analysis of receivables data. Evaluate unpaid balances based on region, salesperson, distributor, or other factors, and keep track of payment history to identify customers who consistently pay late. This valuable data will contribute to optimizing collections forecasts.

  • Increase productivity by optimizing workflows, simplifying intricate and time-consuming procedures through the automation of repetitive tasks, and offer a centralized platform for efficient collection management.
  • Gain instant access to up-to-date accounts receivable data, empowering your team to make well-informed decisions, prioritize actions accordingly, and implement proactive strategies to minimize outstanding sales periods.
  • Improve overall efficiency by eliminating unnecessary clutter and ensuring that each team member has immediate access to the vital information required for their tasks, conveniently accessible at their fingertips.
  • Facilitate early issue identification and prompt remedial actions by leveraging real-time insights and proactive monitoring, empowering your team to swiftly mitigate potential problems.

Resolving a wide range of challenges

Measurement and Reporting

Ensure precise measurement and reporting of carbon emissions through real-time and comprehensive insights into your organization's carbon footprint.

Regulatory Compliance

Easily adhere to regulatory obligations, avoid costly fines, and safeguard your reputation by automating data collection, analysis, and reporting to effectively track emissions.

Emission Hotspots

Analyse emissions by their sources, enabling the identification of specific areas with high emissions to prioritize mitigation efforts.

Cost Savings

Identify energy inefficiencies to optimize energy consumption and achieve substantial cost savings for your organization.

Stakeholder Engagement

Transparently track and report your progress, creating stronger relationships with stakeholders by showcasing your commitment to sustainable practices.

Global Emission Protocols

Incorporate global emission protocols and standards into your organization's operations to effectively mitigate carbon emissions.

Ensure Compliance

Continuously maintain compliance with environmental regulations to mitigate risks and uphold sustainability commitments.

Minimize Carbon Emissions

Implement measures to actively reduce carbon emissions and contribute to creating a sustainable environment.

Sustainable Environment

Cultivate an ecosystem that embodies sustainability principles, promoting a harmonious and environmentally responsible future.

Nirmalya has empowered us to implement operational transformations seamlessly within our organization, leading to a significant reduction in the time required to conclude financial reporting activities at the end of each month. Moreover, by leveraging a unified platform, we have successfully streamlined our processes, achieving remarkable operational efficiencies.

N Kedarnath | CIO, Oriclean

Accelerated Value Realization

Our implementation strategy is designed to ensure that your business operations undergo a swift and seamless transformation, resulting in faster time to value. Our experienced consultants utilize a structured approach that combines extensive industry knowledge with the latest implementation techniques. This enables you to expedite the deployment of our powerful solution and experience a rapid return on investment.

Through our streamlined process, you can optimize productivity and streamline business processes with minimal disruption. We have consolidated the expertise gained from global deployments into a set of leading practices, providing a clear path to success and delivering rapid business value.

With Nirmalya, you can confidently expect to go live within a predictable timeframe through smart, stepped implementations.

How much does it cost?

Nirmalya offers its services to companies of all sizes, including startups, fast-growing businesses, medium-sized enterprises, large corporations, and non-profit organizations. We assist these companies in streamlining their operational capabilities without the need for significant capital and operational expenditures. By eliminating the burden of maintaining an Enterprise Resource Planning system, which typically involves investments in manpower, hardware, and software, we help companies focus on their core activities.

Our collaboration with companies involves an initial setup fee for implementation, followed by an annual license fee based on the modules chosen by the customer for implementation. As businesses expand, customers have the flexibility to incorporate new modules as needed.

Resources

1 slide

Farm to Fork: Harvesting the Health Benefits of Fr...

In today's fast-paced world, people are becoming more conscious about where their food comes from and its impact on their health and the environme

View more >>

1 slide

How To Create A Seamless Retail Experience That Dr...

In today's dynamic retail landscape, a seamless shopping experience is paramount for retailers aiming to boost sales and cultivate customer loyalt

View more >>

1 slide

How CRM Systems Revolutionize Customer Relationshi...

Are you looking to take your business to the next level? Have you considered implementing a CRM (Customer Relationship Management) system? A CRM syste

View more >>

Success stories

Path to Excellence & Building a Strong Foundation ...

Pramila Projects Private Limited (PPPL) is a technologically advanced engineering and Construction C

View more >>

Success stories

Orifood Transformed Operations with Real-time Anal...

Orifood, a prominent leader in food manufacturing and distribution in India, acknowledged the signif

View more >>

Success stories

Whessoe Paves the Way with Unified Nirmalya Enterp...

Whessoe, a renowned sustainable readymix concrete manufacturer in Loas, has successfully embarked on

View more >>

Get In Touch

The modern business is a global business. Managing a global business presents challenges, but it also presents an opportunity to acquire, grow and manage customers across borders using the best in technology.
Bring us your pain areas, we will work with you to curate the right solution for your business.

We value your privacy. Website terms and conditions