Madison, WI – TermSync, a cloud-based accounts receivable management platform, unveiled TermSync Invoice Receipt Tracking. This latest update to TermSync’s popular software solution gives vendors an accurate way to track whether a customer has viewed an invoice and provides a place for the customer to easily make a payment, ask a question, or perform a variety of other actions. TermSync’s Invoice Receipt Tracking can be purchased as a standalone product or as an add-on to other TermSync accounts receivable management solutions. The latest offering is a result of TermSync’s analysis uncovering why invoices do not get paid on time. One of the top reasons why payments are not made in a timely manner is the invoices were initially sent to the wrong person, were lost in the mail, or were not received at all by the customer. Unfortunately, vendors usually find out about this only when they make a collection call, typically 45 days after the invoice was sent. Companies utilizing invoice receipt tracking can 100 percent eliminate the problem of lost invoices and be sure customers have viewed the invoice within the first week.
For more information, please visit www.termsync.com.
