Receivables management

Improve cash inflow

Maintain a steady cash inflow with a clear picture of any blockages and a systematic record of all sales transactions.

Reduce bad debts

Keep close track of the payment schedule so that you can regularly follow up with your debtors and avoid risking bad debts caused by lack of funds.

Boost sales

Improve customer relationships by keeping track of your customers’ payment performance so that you can offer them incentives for steady payment history.

Why do you need receivables management?

Until your sales are converted into cash, you need to manage how much you’re receiving from who and when. Novalnet’s accounts receivables management system helps you track, monitor, and promote on-time action on overdue or long-pending bills resulting in an increased inflow of cash and avoiding bad debt – essential for business growth.

Want to know more about receivables management? Get a detailed reading here

Frequently Asked Questions

1. What is receivables management in the context of Novalnet?

Novalnet’s receivables management solution automates the tracking, reconciliation, and collection of unpaid invoices—helping businesses secure their cash flow while maintaining customer relationships.

2. What types of receivables can Novalnet manage?

Novalnet manages one-time and recurring receivables, including open invoices, installment payments, subscription dues, and late payments across multiple payment methods.

3. Does Novalnet offer automated payment reminders?

Yes. Novalnet sends payment reminders based on customizable rules and timelines via email or letter, reducing manual intervention and increasing collection success.

4. Can I define the dunning process stages?

Absolutely. You can set your own dunning sequences, including reminder intervals, messaging templates, escalation stages, and thresholds for initiating debt collection.

5. How does Novalnet assist with reconciliation?

Novalnet’s platform automatically matches payments to invoices and accounts receivable records, reducing reconciliation errors and eliminating manual effort.

6. Is receivables management integrated with other Novalnet services?

Yes. It works seamlessly with invoicing, payment processing, accounting exports, and debt collection—providing end-to-end control of the revenue lifecycle.

7. Does Novalnet’s system support legal escalation if payments remain unpaid?

Yes. For overdue payments beyond the dunning cycle, Novalnet offers integrated debt collection services that comply with legal standards and protect brand reputation.