3/8/2023 0 Comments Netsuite automailer![]() Like the automatic transformation of sales orders for revenue recognition events, the process of actually transmitting invoices is a frequently manual task that can be quickly automated.īy leveraging a saved search as the foundation for your scheduled workflow, invoices can be automatically transmitted to your customers while leveraging NetSuite’s native email template capabilities. Automatically Send Invoices and Cash Sales Via Email This can be done by enabling routines using the Billing Operations function, or by establishing a scheduled workflow – either periodically throughout the day or just once each day, to generate your invoice and cash sale transactions.Ī scheduled workflow leverages a saved search to identify any sales orders that are ready to be billed and transforms those sales orders to invoice or cash sale transactions to recognize the revenue event. It can even capture the funds automatically if configured with a payment (credit) card. ![]() When businesses initially go live with NetSuite, organizational change management can be one of the biggest challenges facing an adopting company. As users adjust to the new solution domain, they tend to hold onto their legacy processes that historically required them to manually perform each step. As users become accustomed to operating within the NetSuite ecosphere, one of the easiest first tasks to automate is the sales billing process. Automatically Transform Sales Orders to Invoices and Cash Sales 4 Simple Ways to Automate Accounts Receivable Processes and Improve Cash Flow 1. See your payment times reduced from weeks to days without having to write a line of code. With most ERP solutions, you might need to hire additional staff, shift resources from other departments or (gasp) spend your precious IT resources to develop the necessary automation solutions to stay on top of your receivables. But with the power of the NetSuite platform, you can easily automate tasks such as invoicing and collections. Whether you’re a CFO thinking about financial strategy or a controller focused on managing internal controls and processes, it’s important to stay on top of your Days Sales Outstanding (DSO).Įffective cash management enables a business to quickly revise its operational and financial plans enabling them to make decisions while navigating the uncertain and quickly changing landscape. One wrong move and you may find yourself struggling with inadequate cash flow. Managing account receivables is one of the most important parts of any business.
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