Sony Pixel Power calrec Sony

5 Ways to Better Manage Your Accounts Receivable

13/05/2019

As Nolan Bushnell, the founder of Atari and Chuck E. Cheese, once put it, a sale is a gift to the customer until the money is in the bank.

Have you ever waited months for an advertising client to pay you? It's not uncommon and often it's not always the client's fault. There are many pitfalls along the Accounts Receivable management road that can cause delays. They never got the original invoice. They want you to take their credit card info over the phone. There might be a dispute to work through about a spot or two on an invoice. All these little blockers pile up and can have serious consequences on your cash flow as well as your bottom line. Businesses can struggle because they don't have a grasp on their DSO, even when sales are booming.

Read on to find 5 easy things you can do to operate more efficiently and get paid faster!

1) Make sure everything is compatible - Can your payments software present invoices with accurate line-level details to your clients in a timely manner? Is the order information pulled directly from your trafficking system of record? Client visibility to accurate data is critical to A/R management. And remember that in the media space, some advertisers use buying agencies so that adds more complexities that some solutions simply can't handle.

2) Embrace cash-in-advance - The higher risk customers are often the smaller advertisers who may not have established credit with you. By having the infrastructure in place to handle CIA transactions and manage pre-payments against future ad campaigns, you welcome those smaller advertisers with open arms without taking on added risk. And don't forget those political advertisers with short-term deep pockets - they have no choice but to pay CIA!

3) Keep communication lines open - Most businesses have both bad debt and doubtful debt. Doubtful debt is money you predict will be uncollectible and if left unattended will turn into bad debt. Minimizing the conversion of doubtful debt into bad debt starts with communicating consistently and clearly with your advertising clients. Some A/R management software provides bi-directional visibility throughout the payment cycle as well as provide automated dunning tools to consistently remind advertisers of outstanding balances.

4) Let them pay online with credit cards - Aggressive credit card rebate programs targeted at businesses are pushing usage to an all-time high. The combination of an intuitive, user-friendly on-line payment portal and a reliable, fully integrated credit card payment processor will get the funds deposited in your account much faster. Select processing partners like BASYS who are also fully PCI compliant for added security and can support Level III transaction data to help lower credit card rates to you.

5) Implement the right tool for the job - Getting your car serviced at a retail chain like Midas might save a few bucks but they don't specialize in knowing the nuances of how your BMW ticks. Only a specialized BMW doctor can truly cure that which ails your precious baby. Same goes with A/R management software for media companies. Find a solution that is specifically designed around the business challenges unique to the advertising world.

For press inquiries, contact media@wideorbit.com.
LINK: https://www.wideorbit.com/5-ways-to-better-manage-your-a-r/...
See more stories from wideorbit

Most recent headlines

09/11/2025

Dalet Unveils Agentic AI Media Workflows at IBC2025

Dalet today announced a transformative leap forward for media operations: Agentic Artificial Intelligence (AI) that unifies the Dalet ecosystem under one natura...

21/10/2025

Grup Mediapro to Deliver Prime Video NBA Coverage to the Hispanic Market

As Amazon's Prime Video prepares to launch its coverage of NBA basketball under a major new deal, Grup Mediapro has announced that it is working with the st...

21/10/2025

ADTH to Upgrade NextGen TV Receivers With Gateway Capabilities

ATLANTA Good news for consumers using an Atlanta DTH receiver to watch ATSC 3.0: with a new software update, they will be able to blanket their homes with Wi-Fi...

21/10/2025

Study: 'More Critical Than Ever for Brands to Focus on Hispanics

While recent news has been heavily focused on Hispanic migration into the U.S., The 2025 Hispanic Market Report from Claritas highlights the fact that this gr...

21/10/2025

RWS Appoints Michael Wayne as Head of Media and Entertainment

MAIDENHEAD, UK RWS has hired Michael Wayne as its head of media and entertainment in Los Angeles where he will lead the company's media localization busines...

21/10/2025

Imagine Communications Acquires Pixel Power From Rohde an...

Imagine Communications and Rohde & Schwarz today announced a definitive agreement under which Imagine will acquire Pixel Power Limited, a wholly owned subsidiar...

21/10/2025

ADTH Announces New NEXTGEN TV Gateway Receiver Implementi...

Atlanta DTH (ADTH) today announced a major update that will expand the functionality of its NEXTGEN TV receiver by enabling gateway capabilities allowing viewer...

21/10/2025

Heartland Video Systems Partners with Zixi for Resilient...

Heartland Video Systems, Inc. (HVS), a premier video systems integration, consulting, and expert ATSC 3.0 implementation firm announces that it has partnered wi...

21/10/2025

QuickLink Appoints Austin Hinton as Solutions Enablement...

QuickLink, the leading provider of award-winning video production and remote guest integration solutions, today announced the appointment of Austin Hinton as it...

21/10/2025

Miri Technologies to Unveil New Resilient Internet Platfo...

nternet connectivity startup Miri Technologies Inc. will use this week's NAB Show New York as the launch pad for its latest ground-breaking innovation, the ...

20/10/2025

Inside TAMS: How Time-Addressable Media Stores Could Redefine Sports Workflows

Inside TAMS: How Time-Addressable Media Stores could redefine sports workflows By Paul Markham Friday, October 17, 2025 - 08:57 Print This Story A penalty...

20/10/2025

Transformational Production: Inside TVN's Remote Production Push for the DFL's Bundesliga 2

Transformational production: Inside TVN's remote production push for the DFL...

20/10/2025

How NBC Sports Transitioned Stamford Facility to One Format: 1080p HDR

How NBC Sports Transitioned Stamford Facility to One Format: 1080p HDRMulti-year plan harmonizes workflows, simplifies operationsBy Ken Kerschbaumer, Editorial ...

20/10/2025

NBA on NBC' Studio Production Team Is Ready for Tip-Off With Coast-to-Coast Tuesday'

NBA on NBC' Studio Production Team Is Ready for Tip-Off With Coast-to-Coast...

20/10/2025

Under Pressure: TVN CEO Markus Osthaus Considers the German Sports Broadcasting Market

Under pressure: TVN CEO Markus Osthaus considers the German sports broadcasting ...

20/10/2025

Carmen Emmi's Plainclothes Evokes the Rawness and Sensuality of New Queer Cinema

(L-R) Maria Dizzia, Carmen Emmi, and Russell Tovey attend the Plainclothes pre...

20/10/2025

Search and Follow Your Favorite Venues on Spotify

In March, we launched Concerts Near You to help listeners find concerts from their favorite artists. Since then, more than 3 million people have used it to disc...

20/10/2025

Arte Preta Brasileira Destaque No Dia AMPLIFIKA 2025

Em diversas cidades do Brasil, um movimento tem se fortalecido para celebrar o poder, a beleza e a profundidade da criatividade negra. O Dia AMPLIFIKA, agora em...

20/10/2025

Black Brazilian Artistry Takes Center Stage During AMPLIFIKA Day 2025

In cities across Brazil, a movement is growing that celebrates the power, beauty, and depth of Black creativity. AMPLIFIKA Day, now in its fifth edition, return...

20/10/2025

The Republic of Korea Selects L3Harris for Airborne Early Warning and Control Aircraft Program

Airborne Early Warning and Control aircraft rendering...

20/10/2025

Imagine Communications Acquires Pixel Power From Rohde & Schwarz

DENVER and MUNICH Imagine Communications today announced its plans to acquire Pixel Power Ltd., a wholly owned subsidiary of Rohde & Schwarz. Financial terms of...

20/10/2025

Globecast Appoints G Morgan as EVP of Sales, Globecast Americas

LOS ANGELES G Morgan has joined Globecast, a provider of broadcast, media and entertainment managed services, as executive vice president of sales, Globecast Am...

20/10/2025

Heartland Video Systems, Zixi Partner on IP Networking for Broadcasters

PLYMOUTH, Wisc. Heartland Video Systems and Zixi have partnered to enable broadcast-quality live video delivery over any IP network....

20/10/2025

A. R. Rahman on Facing Fear and Finding the Divine

A. R. Rahman on Facing Fear and Finding the Divine In an interview with Berklee President Jim Lucchese, the Oscar-winning composer reflects on how courage and...

20/10/2025

Sky unveils thrilling trailer of Original film Nuremberg, starring Russell Crowe, Rami Malek and Michael Shannon

Monday 20 October 2025 To view this content, please enable our use of cookies. ...

20/10/2025

Rohde & Schwarz transfers Pixel Power to Imagine Communications

Rohde & Schwarz transfers Pixel Power to Imagine Communications Companies work collaboratively to ensure continuity and ongoing support for existing customers...

20/10/2025

RT Prime Time to host final Presidential Debate

RT 's Prime Time is set to host the final Presidential Election Debate this Tuesday night, October 21, providing an opportunity to hear directly from Irelan...

20/10/2025

NVIDIA and Google Cloud Accelerate Enterprise AI and Industrial Digitalization

NVIDIA and Google Cloud are expanding access to accelerated computing to transform the full spectrum of enterprise workloads, from visual computing to agentic a...

19/10/2025

Sins of Kujo' Comes to Life in New Live-Action Series Set for Spring 2026

Back to All News Sins of Kujo' Comes to Life in New Live-Action Series Set for Spring 2026 Entertainment 19 October 2025 GlobalJapan Link copied to cl...

18/10/2025

NESN Taps Harmonic for Primary Live Sports Distribution

New England Sports Network (NESN) has chosen Harmonic, working with Astound Business Solutions, as its enterprise technology partner to transform primary distri...

18/10/2025

DirecTV Launches Gray's Gulf Coast Sports & Entertainment Network

NEW ORLEANS, La. In the run-up to the start of the NBA season, WVUE-TV and Gray Local Media have announced a deal with DirecTV that will greatly expand access t...

18/10/2025

Berklee Celebrates 40 Years of the Fall Together Concert

Berklee Celebrates 40 Years of the Fall Together Concert Faculty composers Bob Pilkington and Greg Hopkins are among the featured artists for this year's ...

17/10/2025

NEP Group Receives New Equity Investment From 26North Partners LP, Co-Investors

NEP Group Receives New Equity Investment From 26North Partners LP, Co-InvestorsCarlyle remains the largest shareholder as the company prepares for the futureBy ...

17/10/2025

Apple Lands Five-Year Deal for F1 Distribution in the U.S.

Apple Lands Five-Year Deal for F1 Distribution in the U.S.Besides airing on Apple TV, the sport will be amplified on other Apple servicesBy Ken Kerschbaumer, Ed...

17/10/2025

SVG Sit-Down: Marshall Electronics' Bernie Keach on the Future of PTZ Cameras

SVG Sit-Down: Marshall Electronics' Bernie Keach on the Future of PTZ Camera...

17/10/2025

L2 Productions' REMI Facility in Austin Can Produce Content From Anywhere

L2 Productions' REMI Facility in Austin Can Produce Content From AnywhereMusic festivals, sports events are produced via flypacks and remote control roomsBy...

17/10/2025

Give Me the Backstory: Get to Know Sarah Dowland, the Filmmaker Behind Sue Bird: In The Clutch

By Lucy Spicer One of the most exciting things about the Sundance Film Festival...

17/10/2025

Cooper Raiff Returns to the Sundance Film Festival With His Independent Series Hal & Harper

(L-R) Christopher Meyer, Addison Timlin, Cooper Raiff, Lili Reinhart, Alyah Chan...

17/10/2025

Ferramenta de arte da capa de playlists do Spotify chega ao Brasil com uma noite de autoexpresso

M sica e arte se uniram em uma noite especial na semana passada na ZIV Gallery, ...

17/10/2025

Spotify's Custom Playlist Cover Art Tool Arrives in Brazil With a Night of Self-Expression

Music and art came together for one special night last week at ZIV Gallery, an i...

17/10/2025

Spotify and FC Barcelona Extend Partnership Through 2030

Spotify and FC Barcelona are extending our partnership through 2030, continuing a collaboration that's redefining how fans, players, and artists connect. Th...

17/10/2025

Sports Fishing Championship Deploys DigitalGlue Storage Platform

MURRIETA, Calif. The Sports Fishing Championship (SFC) has deployed DigitalGlue's creative.space storage platform to streamline video production by centrali...

17/10/2025

TV Ad Impressions for Football Spiked in Q3

BELLEVUE, Wash. Football continued to cement its reputation as a bulwark of TV advertising in Q3 2025 with new data from iSpot that showed both the NFL and coll...

17/10/2025

Reeling in the Chaos Sports Fishing Championship Simplifi...

The Sports Fishing Championship (SFC), the premier competitive saltwater fishing series, has transformed its production workflow by adopting creative.space, the...

17/10/2025

QuickLink Unveils StudioPro Version 4 With Major Enhancem...

QuickLink, a leading provider of award-winning multi-camera video productions and remote contribution solutions, announces the release of StudioPro Version 4, ...

17/10/2025

Westcoast Pixel dazzles with dynamic 3D video projections

Although the annual Grammy Awards celebration is best known for recognizing achievements in the recording industry, the show often proves a visual spectacle as ...

17/10/2025

Alex Dunfey Promoted to CTO at OpenDrives

OpenDrives, Inc., a leading provider of software-defined data storage and data services, has promoted Alex Dunfey to Chief Technology Officer (CTO) from his for...

17/10/2025

University of Arizona Scales Up Broadcast Capabilities Wi...

The University of Arizona (UofA) has significantly upgraded its broadcast communication infrastructure with the integration of Riedel Communications' advanc...

17/10/2025

NESN Redefines Regional Sports Video Delivery with Harmon...

Harmonic (NASDAQ: HLIT) today announced that New England Sports Network (NESN), owned by Fenway Sports Group and Delaware North, has selected Harmonic as its en...