3 Ways That Picking the Perfect Holiday Present, is Like Picking the Right A/R Solution
The holiday season is already here and many of us are scrambling to find the right gifts for friends and family, which can be a real challenge. The secret behind picking out the perfect gift is making sure the recipient not only wants the gift, but has a need for it as well. This often can be tricky as most people have ideas for gifts to give, but aren’t sure if the recipient can really use it.. Similarly, businesses have a desire to meet certain goals, such as saving money with their invoice-to-cash process, but don’t know the right way to go about doing so.
Here are 3 ways that choosing the perfect holiday gift is like choosing the right accounts receivable (A/R) solution for your business.
1. The right solution will be what you NEED and it help you achieve the results you WANT
This seems obvious, right? Sometimes our friends and family want something they don’t really need, or need something, but don’t want to receive it as a gift. One important thing to keep in mind is that you don’t have to choose between what you want and what you need. The right gift will give you multiple benefits and should be something you desired.
Similarly, your company may need to save money on your invoice-to-cash process, but you weren’t sure how to achieve that goal. The right A/R solution will help you save time and money, which in return will make you happy and increase your cash flow. The key here is understanding what your invoicing pain points are, and finding a solution that directly addresses those needs. Chances are you also won’t have to stand in line at the mall to find your A/R solution.
2. Security and user experience are crucial
Sometimes what we consider a “great gift” might not always be the safest or easiest gift to use. For example, you might think that your kids would love a new tablet or dirt bike. Both seem like exciting presents, however, you have to stop and think: how safe is the dirt bike, and how productive and useful is the tablet for your child?
When looking for the right A/R solution, you need to think about security and if the product is user friendly. You don’t want a security breach to occur, leaking your financial information. You also don’t want a solution that is going to be complex and take too much time to complete its function. To keep it simple: a user friendly and secure solution usually results in a happy customer.
3. Is the gift or A/R solution a long-term investment or a short lived popular fad?
Face it, every year there is one present that is the “must have” and everyone runs out to get it. By the time the holiday season rolls around the next year, everyone has already forgotten about that gift. Don’t buy a present that will be cool for one year and then get left behind. Get the gift that has continuous value.
When looking for an A/R solution, it is critical to see long-term value. No one wants to invest in a product that will only benefit them for the short-term. Companies are looking for a solution that can be a continuous part of their financial success. Doing your research and asking questions is always going to help you to make the right decision.
Still have questions about finding the right A/R solution for your company? Request a demo today and take the first step towards A/R success.
Ryan Mitchell | Social Media Coordinator