Accounting is a tedious but essential part of any organization. Accounts Receivable (A/R) is the action that puts money into the pockets of your business, with Accounts Payable (A/P) being the driving force to help your business grow and develop (which ultimately leads to more revenue entering the business’s wallet). A/P and A/R are the lifeblood of an organization, and immense importance should be given on ensuring these practices are performed efficiently and effectively.
Think about the next 5 years – is business growth towards the top of your list? Probably! Well the only way to successfully grow in such a competitive environment is to have all hands on deck and have the focus of your key members solely on growth-generating activities. These activities could take the form of networking, collaboration, analyzing your current market, looking into tapping new markets, research and development, hiring, and even getting leaner.
Every business has their niche, their one strong suit. This one service forms the foundation of your business and is your optimal revenue generating activity. The best use of your organization’s time is to focus on this type of activity and leaving those tasks not in the sphere of your expertise to partners. Freson Brothers, whom we will touch on later, noticed the need to have their focus surrounding revenue generating activity and to have Business Process Outsourcing Partners use their expertise in areas of invoice automation. As such, Freson Brothers partnered with Consentia to provide Accounts Payable Solutions. This partnership has been incredibly successful for both parties for years.