One of the services that Gung Ho offers to its international clients is the ability to rest easy on their Accounts Receivable task.
We work in close coordination with clients like Reed Elsiever and others in helping them maintain a healthy cash flow through our accounts receivable task force.
Our Specialised Services
Accounts ReceivableOur on-ground accounts receivable team work closely with client business teams to efficiently and effectively manage all collection activities. We do this with minimal impact on the client- customer relationships. Within our AR services, we offer a bouquet of services with various process subsets that our clients can select from depending on their AR needs
Account Reconciliation ServicesGungho also offers needed Reconciliation services as part of its overall Accounts Receivable bouquet of services. This is widely used by clients that have a large India and SAARC customer base with a varied order to fulfillment cycle. Through our timely upkeep of all accounts data points we are able to provide CFO’s and business managers a smooth client and account reconciliation of their businesses and clients.
We offer our clients fitting and efficient solutions that fulfill the growing needs of transaction matching in domestic and international geographies, offers following reconciliation services in the below areas:
- Client Reconciliation
- Bank Reconciliation
- Inter-company Reconciliation
- Sales returns and Credit/Debit Notes reconciliation
Commercial SupportWith our Commercial Support Services, clients are able to focus on business and revenue growth rather than on administrative matters. Leveraging IT and our trained pool of resources, we manage the entire gamut of commercial support including order management, fulfillment, order tracking, delivery schedules, credit appraisals, ratings and other commercial support tasks.
Financial Process ManagementOur 14 collection teams across multitude metropolitan cities take time to time instructions from clients and do regular wire transfer of collections based on pre-drawn SLA’s. We timely escalate matters regarding uncollectible cases like – defaults/refusal to pay with detailed history of recovery actions taken, so that the Credit Controller can forward to Legal Department for action.
The collection team sends Statement of Accounts (SOA) in 1st week of every month with all the customers followed by reminders & final reminders in case of non-recovery of dues
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Our Overall Accounts Receivable Process
Our Account Receivable solution for Reed Elsevier is comprehensive and flexible. We offer a complete bouquet of services to Reed with intricate process and systems guaranteed to ensure high turnaround, complete transparency and full due diligence.