by Stephanie Faris
Published on 18 December 2013
FG Receivables Manager Review - Accounts receivables with intelligence
For businesses, keeping track of invoices and payments is extremely time consuming. Invoices can easily fall through the cracks if a business isn't extremely organized. Funding Gates Receivables Manager seeks to organize the process for businesses of all sizes. This FG Receivables Manager review looks at the platform's features to demonstrate how it can help a company organize its payment collections processes.
Headquartered in New York City, FG Receivables Manager specializes in improving the accounts receivable management process. By automatically monitoring customer accounts, FG Receivables Manager provides an intelligent solution that helps keep a business's accounting department on track. Because it integrates with all versions of QuickBooks from 2009 forward, FG Receivables Manager can help accounting personnel avoid double entry, freeing up time they can spend on other efforts.
Getting paid for work performed is a top priority for businesses, but keeping up with who has paid and who hasn't can be a full-time job. FG Receivables Manager helps businesses record and track all conversations, and determine which clients have let the most time lapse without a response. Through a reporting module, businesses can also pinpoint clients who are habitually late, as well as pull up a report of payments that are overdue. With just one click, businesses can send professional payment reminder letters to clients that improve the likelihood of getting a response. Each letter is logged in the system to allow businesses to see the last date of communication. If this attempt still fails to get a response, the company can turn the customer over to collections directly from the app.
FG Receivables Manager takes the discomfort out of repeatedly asking customers to pay what they owe. The application provides professional invoices and communications that make even the smallest companies appear as though they are large corporations. This puts distance between the company and its late payees to allow the business to tend to the business of getting paid.
At initial login, an administrator is presented with a dashboard that displays the overall number of customers, the total number of open invoices, outstanding and past due amounts, and the amount of money tied up in collections. From this screen, administrators can also view information on specific clients, along with a button to call or send reminders to those clients directly from the main screen.
With the Priority Aging Report, also on the main page, businesses get an overview of the number of accounts that are fully current, due, and overdue with financial totals for each.
For each aging bucket, businesses can also see a prioritized list of customers that fall into that bucket.
Clicking on any of these customers takes users to a screen with more details.
At the bottom of this same screen, users can access an invoice breakdown and an account history for the customer that includes all the activity and communications log for that customer.
By clicking on "Customer" from any screen, a user can filter customers based on their own criteria, as well as searching for specific customers by company name.
FG Receivables Manager provides phone support, live online chat support and a wide variety of videos, bootcamps, and other tutorials to help customers with its service. Funding Gates customer support is open during US business hours (EST).
A free account includes the ability to manage up to ten customers, daily account monitoring, customer contact history, and more. To manage unlimited customers, businesses will need a plan that pays $19-$29 per month. Plans that include Quickbooks consulting and basic receivables coaching start at $29 per month.
FG Receivables Manager wraps high functionality into a simple, easy-to-use package, with most features available in a couple of pages. With the ability to interact with QuickBooks, this solution has many features that are sure to be a benefit to businesses.
Ratings: ease of use 4/5, features 4/5, value 5/5