Umair Shafiq, Author at NCRi

Chasing Payments Isn’t a Plan: Rethink Your Receivables Strategy

Let’s face it—chasing invoices is exhausting. You send polite reminders. You follow up again. Then again. Meanwhile, the unpaid invoice just sits there, silently choking your cash flow. But here’s the kicker: doing more follow-ups won’t fix a broken accounts…

The Unseen Costs of Waiting: How Slow Payments Drain Your Business

Delayed payments are more than inconvenient nowadays —they are a silent killer of financial stability. A recent survey by Dun & Bradstreet found that 48% of businesses experience late payments, with 45% citing cash flow issues as a direct result.…

How to Avoid Late Payments? Simple Steps to Make Them History

Late payments are a persistent challenge for small business owners and finance professionals. They disrupt cash flow, strain client relationships, and create unnecessary stress. If not managed effectively, late payments can even jeopardize the financial health of your business. Fortunately,…

How AI-Powered Fraud Prevention Tools Will Change AR Management in 2025?

Fraud is a persistent threat in the business world, causing billions of dollars in losses each year. As companies grow and digital transactions become the norm, traditional methods of fraud detection often fall short. Enter AI-powered fraud prevention: a revolutionary…

Cash Flow Challenges? Here’s Why Outsourcing AR is the Solution?

The successful operation of businesses in BPO requires top priority status for cash flow management since companies process numerous transactions which influence their client relations. Accounts receivable (AR) management issues remain as the primary financial reason which causes problems regarding…

Best Practices for Collecting Overdue Payments

In any business, cash flow is essential to maintaining operations and ensuring growth. When clients delay or fail to make payments on time, it can disrupt your financial stability. Overdue payments can quickly pile up, affecting your ability to cover…

Integrating Real-Time Payments into Your Existing Systems

In an age where immediacy is the new norm, real-time payments are transforming the way businesses and consumers interact financially. Imagine a world where transactions happen at lightning speed—no delays, no waiting periods, just instant gratification. As companies strive to…

Accounts Receivable Trends to Watch in 2025: What’s Changing?

Did you know that late payments cost businesses an estimated $600 billion annually? This staggering figure underscores the critical importance of effective accounts receivable management. AR represents the money owed to your business by customers for goods or services sold…

Cash Flow Optimization Through Better Accounts Receivable Practices

Did you know that businesses are more likely to collapse from a lack of cash, not a lack of profit? It’s a harsh reality, but it highlights the critical importance of cash flow for any company, big or small. Imagine…

How AI-Powered Fraud Prevention Tools Will Change AR Management in 2025?

Fraud in accounts receivables (AR) is a real headache for businesses today. You’ve got invoices disappearing, payments going astray, and those pesky chargebacks popping up more often. Traditional fraud detection methods? Let’s just say they’re feeling a bit outdated. Spreadsheets,…

Author: Umair Shafiq (page 2)