An efficient cash flow process is the backbone of every business. Optimizing the accounts receivables process not only ensures profitability but also saves on valuable time which can be allocated to pursuing core business activities that lead to higher profits. Vee Technologies provides accounts receivables services by experienced staff using state-of-the-art financial services software, ensuring that your accounts receivables are always in order, always accurate, and always on time.
By entrusting Vee Technologies with your accounts receivables services, your business enjoys the following benefits:
- Increase in recoveries
- Increase in cash flow
- Decrease in bad debt write-offs and A/R adjustments
- Decrease in shortfalls of cash collections
- Tighter credit control
- Overheads and operational costs are reduced or under control
- Access to the financial data 24/7
- Consolidation of all documentation related to accounts receivables
- Improved efficiency and productivity
- Financial data is secure and protected
With the help of our accounts receivables services, financial operations are no longer a cause for worry. We assure that your business will have sufficient liquidity to meet expenses. Our team of professionals is experienced in the application of the latest in financial software and in integrating major financial systems. We make the intensive and challenging daily task of managing accounts receivables seem effortless. We also implement line of business (LOB) and enterprise resource planning (ERP) to manage data, which makes our services even more cost effective for you as these are high-investment cost applications. Our flexible and highly scalable accounts receivables services are focused on quality 24/7 which translates to greater profits for your business.
Experience with AR follow up and denial transactions across 20 million account touches on leading practice management systems leaves us continually driving for higher reimbursements.
A large children’s hospital, repeatedly ranked as one of “America's Best Children's Hospitals,” had a rapidly increasing AR problem. Despite having a positive cash flow and a rapidly growing business line, the hospital could no longer afford to let their AR rise.
The current healthcare environment is creating one of the most active hospital and health system consolidations in history. Independent hospitals in particular have been caught up in the trend of consolidation.
Traditionally, Accounts Receivables (A/R) work was a manual process leveraging callers attempting to track down owed monies.