Accounts Receivable Outsourcing
Optimize Cash Flow with Efficient Accounts Receivable Outsourcing
IQ BackOffice’s accounts receivable outsourcing services leverage automation to improve billing, collections, and cash application, ensuring faster payments and optimized working capital. With our proprietary Archimedes workflow software and real-time reporting, we deliver precision and efficiency across your AR operations.
Reduce costs by up to 70% and accelerate billing and cash
application, improving cash flow through our accounts receivable automation solutions.
What Are Accounts Receivable Services?
IQ BackOffice’s accounts receivable services automate the entire AR lifecycle — from billing to cash application — providing businesses with faster, more accurate processes that streamline invoice processing and improve working capital. We ensure that collections and disputes are managed efficiently, resulting in reduced Days Sales Outstanding (DSO) and enhanced liquidity.
- Cut AR processing costs by up to 50%.
- Improve cash flow management with faster collections and automated cash application.
- Ensure 90%+ of cash is posted within one day through automated workflows.
- Enhance accuracy and reduce billing disputes through automated, ERP-integrated accounting services.
How We Excel
Financial Management
Automated
Billing
Seamlessly generate accurate daily invoices, even with thousands of variations.
Cash
Application
Automate matching payments to invoices, achieving 99.97% accuracy with advanced technology.
Collections
Management
Manage collections and reduce DSO with automated workflows and timely follow-ups.
Working Capital
Optimization
Accelerate cash flow by enhancing billing efficiency and payment cycles.
Customer Operations
Customer Support
Services
Offer dedicated teams to handle payment inquiries and dispute resolution.
Payment
Resolution
Ensure accurate, timely payment allocation and resolve discrepancies swiftly.
Account
Management
Maintain client accounts and enhance transparency with real-time updates.
Why Choose IQ BackOffice?
Proprietary Technology
Our Archimedes workflow software automates AR processes and tracks payments, providing detailed insights into billing and collections.
SSAE18 SOC 1 Type II Certified
We adhere to the highest security and compliance standards.
Cost Savings of Up to 70%
Reduce operational costs with automated AR workflows and accounts receivable outsourcing.
Real-Time Insights
Gain visibility into your cash flow and invoices through web-based dashboards, facilitating informed financial decisions.
Industry Expertise
From hospitality accounting outsourcing to healthcare finance outsourcing solutions, our tailored AR services fit diverse industry needs.
Seamless Integration
Our solutions integrate with existing ERP systems, ensuring smooth transitions without disrupting operations.
Simplifying Accounts Receivable Management
Assessment & Reengineering
Evaluate and redesign your AR processes to align with best practices and SSAE 18 SOC I Type II compliance.
Invoice Generation
Automate invoice creation, ensuring accuracy and faster processing.
Cash
Application
Leverage Archimedes to automate matching payments to invoices, with 90% processed within a day.
Collections Management
Automate follow-ups and manage overdue invoices to improve DSO.
Reporting & Insights
Real-time reporting on AR performance supports ongoing optimization and working capital optimization.
Simplifying Accounts Payable
Assessment & Reengineering
Evaluate and redesign your AR processes to align with best practices and SSAE 18 SOC I Type II compliance.
Invoice Generation
Automate invoice creation, ensuring accuracy and faster processing.
Cash
Application
Leverage Archimedes to automate matching payments to invoices, with 90% processed within a day.
Collections Management
Automate follow-ups and manage overdue invoices to improve DSO.
Reporting & Insights
Real-time reporting on AR performance supports ongoing optimization and working capital optimization.
Real Results With IQ BackOffice
Average Cost Savings
Automate and outsource AR functions to reduce operational expenses significantly.
Billing Accuracy
Minimize disputes and ensure precision across all invoices.
Faster
Cash Posting
90% of cash is posted within one day, reducing outstanding balances and
improving liquidity.
Client Success Stories
A leading entertainment supplier leveraged our automated billing to generate invoices from work orders, seamlessly handling complex billing with thousands of permutations.
For one of the largest automobile repossession firms in the U.S., IQ BackOffice automated cash application, handling payments with over 20 remittance line items. The result? 90%+ of payments were processed within 24 hours, enhancing cash flow efficiency.
What Our Clients Say
Streamline Every Aspect of Your Back Office
We offer a range of services that work together to optimize your finance and accounting operations. Explore how these solutions can complement your current processes and help streamline every aspect of your back office.
Financial Process
Automation
Automate workflows to reduce manual effort, improve accuracy, and accelerate financial operations.
Accounts Payable
Services
Streamline vendor payments with digital processing, vendor management, and enhanced controls.
Full-Service
Accounting
Achieve real-time financial insights with comprehensive reporting, reconciliation, and daily operations management.
Managed Payroll
Services
Ensure compliance and payroll efficiency with tax filings, employee lifecycle support, and electronic pay solutions.
Real-Time
Reconciliation
Optimize financial accuracy and recover revenue with automated workflows, payment resolution, and actionable insights.
Offshore Accounting
Teams
Expand your capacity with dedicated offshore specialists and flexible staffing tailored to your processes.
