Sony Pixel Power calrec Sony

5 Ways to Better Manage Your A/R

29/05/2019

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/blog-better-manage-accounts-receivable/...
See more stories from wideorbit

Most recent headlines

05/01/2027

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be demoed at CES 2026

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...

04/08/2026

Dalet Announces Commercial Availability of Dalia, Bringing Media-Aware Agentic AI to Enterprise Productions

Dalet, a leading technology and service provider for media-rich organizations, t...

04/07/2026

Detective Conan: Fallen Angel of the Highway Opens in Dolby Cinemas Across Japan, Presented in Dolby Atmos and Dolby ...

April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...

01/06/2026

Dolby Sets the New Standard for Premium Entertainment at CES 2026

January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026 Throughout the week, Dolby brings to life the latest innovatio...

19/05/2026

METEO CONSULT and La Chaine Meteo Select Actus Digital fo...

Actus Digital, a LiveU company, and a leading provider of intelligent media monitoring and broadcast compliance platforms, announced today that METEO CONSULT ha...

19/05/2026

Transforming Broadcast Operations - Globecast Unveils Sta...

Globecast, a leading provider of managed services for the broadcast and media industry, today announced the completion of a major renovation of its Singapore fa...

19/05/2026

Calrec Console Switch Helps Ross Production Services Fle...

Following a major upgrade to its Connecticut remote production centre with the installation of three 60-fader Argo S consoles in 2023, RPS has switched one of t...

19/05/2026

PlayBox Technology Launches a Modular Media Orchestration...

PlayBox Technology today announced the launch of Celebro Play, a browser-based media orchestration platform designed specifically for broadcast facilities and p...

19/05/2026

Publicis Groupe to Buy LiveRamp for $2.2 Billion

Share Copy link Facebook X Linkedin Bluesky Email...

19/05/2026

Tubi Launches 2026 FIFA World Cup Fox Hub

Share Copy link Facebook X Linkedin Bluesky Email...

19/05/2026

Viamedia Introduces a New Geographic Intelligence Layer

Share Copy link Facebook X Linkedin Bluesky Email...

19/05/2026

NFL Pushes Back Against Shift of Games to Streaming

Share Copy link Facebook X Linkedin Bluesky Email...

19/05/2026

LYNX Technik Brings SDI IP Integration and High-Density F...

LYNX Technik, provider of modular signal processing solutions for broadcast, post, and professional AV will showcase its latest signal processing solutions at B...

19/05/2026

Media Links Integrates Xscend IP Transport Platform with...

Media Links, a leading developer and manufacturer of IP media transport solutions, has announced the integration of its Xscend platform with Skyline Communicat...

19/05/2026

Media Links Expands in Southeast Asia with Clearcast Asia...

Collaboration expands regional partner ecosystem as Media Links showcases IP media transport solutions on stand 4M4-4 and alongside Clearcast Asia on stand Me...

19/05/2026

LynTec to Deliver Scalable Power Distribution and Integra...

Company Highlights Labor-Saving Control and Custom Branding Opportunities Designed to Increase Integrator Profitability LynTec, a leading manufacturer of ele...

19/05/2026

Mago Studio Moves AI Video Beyond Prompts with New Production-Focused Tools

Mago Studio Moves AI Video Beyond Prompts with New Production-Focused Tools Brie Clayton May 18, 2026 0 Comments New Capabilities Bring Controllable, ...

19/05/2026

It May be Time to Stop and Take an AI Breather

It May be Time to Stop and Take an AI Breather Brie Clayton May 19, 2026 0 Comments If the rock you stay on starts to roll, jump clean. Or you'll...

18/05/2026

For PPI, New Patents and ProCrewz App Development Portend Positive Outlook for 2026

Despite a bumpy start to the year, the provider of event-production support and ...

18/05/2026

Daktronics to Install 11 LED Displays at UNCs Kenan Stadium in 2026

Daktronics has partnered with the University of North Carolina to manufacture and install 11 LED displays totaling more than 10,000 square feet and more than 14...

18/05/2026

CBS LA and Los Angeles Rams Announce Multi-Year Local Television Partnership

CBS LA has announced a multi-year partnership with the Los Angeles Rams, covering exclusive local broadcasts of Rams preseason games, weekly year-round programm...

18/05/2026

Skyline Communications Integrates DataMiner xOps with AWS Elemental MediaConnect Router

Skyline Communications has announced an integration between its DataMiner xOps p...

18/05/2026

eCLUTCH Expands International Distribution and Content Partnerships

eCLUTCH, the hybrid esports platform powered by iKOMG, has announced an expansion of its distribution across Europe, MENA, Africa, and Asia, along with new cont...

18/05/2026

Behind The Mic: Yankees Legends Reunite to Call Game Against Red Sox with Kevin Burkhardt

Behind The Mic provides a roundup of recent news regarding on-air talent, includ...

18/05/2026

NBC Sports Brings the WNBA Back Home After 23 Years Away

With 22 games this season, the production team looks forward to tweaking and enhancing the coverage After 8,660 days off the air, the WNBA returned to NBC yest...

18/05/2026

A Morbid Weight Loss Trick Triggers an Insatiable Ghost in Saccharine

(L-R) Midori Francis and Natalie Erika James attend the Saccharine premiere during the 2026 Sundance Film Festival at The Ray Theatre on January 22, 2026, in ...

18/05/2026

And the Winners of the 2026 Spotify Podcast Awards in Mexico Are. . .

Last night, the Spotify Podcast Awards in Mexico returned to the country's capital. Now in its second year, the evening honors creators whose voices are hel...

18/05/2026

Roland launch Zenology GX for iPad

ZEN-Core synth goes mobile Roland's powerful ZEN-Core software synthesizer has just been introduced to the iPad, offering a convenient entry point into ...

18/05/2026

leONE from fedDSP

Versatile new limiter plug-in announced Based in Sheffield, UK, fedDSP offer a range of plug-ins that span the music production, live sound and high-end med...

18/05/2026

Viiri Audio launch Aava

A new use for convolution? Viiri Audio's debut plug-in aims to do something a little different with convolution processing, allowing users to adjust all...

18/05/2026

Delta Goodrem shines for SBS as more than 3.27 million Australians tune in for Eurovision

Delta Goodrem shines for SBS as more than 3.27 million Australians tune in for E...

18/05/2026

L3Harris Delivers Life-Saving Robotic Systems to Keep Australian Defence Personnel Out of Harm's Way

The Australian Defence Force uses L3Harris T4 and T7 robots for explosive ordnan...

18/05/2026

CVP strengthens commitment to the DACH broadcast market w...

Continued investment across Europe and Germany is expanding local teams and improving access to stock, regional expertise, and specialist broadcast support. CV...

18/05/2026

NVIDIA CEO Jensen Huang at Dell Technologies World: Demand Is Going Parabolic, Utterly Parabolic'

Agentic AI inference at one-tenth the cost per token with NVIDIA Vera Rubin NVL7...

18/05/2026

VEON Announces Investor Meetings for a Potential Dual Tranche USD Notes Offering and Related Tender Offer for 2027 Notes

18 May 2026 Dubai and New York, May 18, 2026 - VEON Ltd. (NASDAQ: VEON), a glob...

18/05/2026

Sky News offers ad-free podcasts and bonus episodes for just 2.99 as listening surges 102%

Monday 18 May 2026 Sky News offers ad-free podcasts and bonus episodes for just...

18/05/2026

Comscore March 2026 Consumer AI Chatbot Usage Rankings Show Claude Gaining Share

Comscore March 2026 Consumer AI Chatbot Usage Rankings Show Claude Gaining Share OpenAI's ChatGPT maintains lead while Anthropic's Claude continues to c...

17/05/2026

Delta Goodrem's Eurovision Eclipse marks end of a stellar run

Delta Goodrem's Eurovision Eclipse marks end of a stellar run 17 May, 2026 Media releases Bulgaria wins Eurovision 2026 Relive every spellbinding mome...

17/05/2026

'Oasis' Premieres on Netflix June 19

Back to All News Oasis Premieres on Netflix June 19 Entertainment 17 May 2026 GlobalSpain Link copied to clipboard Summer, sunshine, the beach, parties. T...

16/05/2026

Eventide & Newfangled Audio release Fixate:Midrange

Helps to deliver a clean, balanced midrange Developed alongside Newfangled Audio, the latest plug-in in Eventide's software collection has been designed...

16/05/2026

Engine DJ 5.0 update now live

Brings onboard stem rendering to RANE System One Engine DJ have just released Engine DJ 5.0, a free update for their Engine DJ OS embedded hardware and Engi...

16/05/2026

Boris FX Continuum Pairs AI Precision and Advanced Creative Controls

Boris FX Continuum Pairs AI Precision and Advanced Creative Controls Jessie Electa Petrov May 16, 2026 0 Comments The 2026.5 release adds automatic de...

16/05/2026

Spectrum TV Adds Free Access to Discovery+

Share Copy link Facebook X Linkedin Bluesky Email...

16/05/2026

Tower Family Foundation Passes $3.5 Million Milestone

Share Copy link Facebook X Linkedin Bluesky Email...

16/05/2026

AIMS to Offer IPMX Education at InfoComm 2026

Share Copy link Facebook X Linkedin Bluesky Email...

16/05/2026

Rise AV Launches Second Year of UK Elevate Program

Share Copy link Facebook X Linkedin Bluesky Email...

15/05/2026

Seattle Sounders FC and Reign FC Announce Seattle Soccer Celebration at Waterfront Park

Seattle Sounders FC and Seattle Reign FC, in partnership with RAVE Foundation an...

15/05/2026

How Sound Designer Dan Brumm Built Blueys Audio World with Sennheiser and Neumann

Dan Brumm has served as sound designer on Bluey, the Australian children's t...

15/05/2026

Applications Close May 31 for Mark Brunner Professional Audio Scholarship

The Professional Audio Manufacturers Alliance (PAMA) and Shure Incorporated are accepting applications for the 6th annual Mark Brunner Professional Audio Schola...