Managed AR, Without The Noise From the Account Receivables Management Experts
MYND Solutions delivers comprehensive accounts receivable management services that transform your collections process and accelerate cash flow. Our receivable management services combine advanced technology with proven strategies to reduce Days Sales Outstanding (DSO) and minimize bad debt.
- End-to-End Receivables Management
- Invoice Quality Audits & Submissions
- Multi-Channel Collection Models
- Expert Cash Application Processes
- Dedicated Account Managers
- Real-Time AR Dashboards
Transform Your Revenue Cycle with Expert AR Management
As a leading provider of accounts receivable outsourcing services, we understand that effective AR management is critical to your business success. Our customized solutions adapt to your industry requirements, customer base, and business goals, delivering measurable improvements in collection rates and operational efficiency.
Whether you need end-to-end accounts receivable services or targeted support, our expert team ensures your revenue cycle operates at peak efficiency. We combine advanced technology with proven strategies to reduce Days Sales Outstanding (DSO) and minimize bad debt.
Ready to optimize your AR? Let MYND transform your collections process, accelerate cash flow, and free your team to focus on strategic growth.
End-to-end AR Lifecycle Management
Accurate Billing, Faster Collections, Lower Bad Debts
MYND manages the entire Accounts Receivable lifecycle — starting with credit checks and customer onboarding, followed by order management, billing, collections, and cash application, right through to account reconciliation. Our expert-led processes are designed to balance operational rigour with an empathetic, professional approach towards customers.
End-to-End Receivables Management
Centralize your AR activities, from customer onboarding to cash application, under our expert-driven framework.
Invoicing, Billing Quality Audits & Submissions
Leverage invoicing and audit expertise to ensure accurate billing, perfect compliance, and timely submissions.
Master Data Maintenance
Maintain data integrity and operational efficiency with comprehensive data management.
Diverse Collection Models
Customer-friendly call-to-collect, feet-on-street and mail collections process to prevent chronic overdue situations.
Comprehensive Order Management
Streamlined order processing from receipt to fulfillment with efficient and accurate management.
Rigorous Cash Application Processes
Free up working capital and minimize unapplied cash with precise, expert-driven matching for payments and invoices.
Key Account Managers
A single point of contact who knows your business needs, ensures smooth coordination, and addresses escalations quickly.
Dedicated Customer Helpdesk
Keep your customers satisfied with a well-trained, solution-oriented support team.
Our Accounts Receivable Workflow
How We Do it Better
Credit & Customer Master Setup
- Credit reviews, limit approvals
- Organized documentation of each client's payment terms
- Ongoing tracking of creditworthiness
Order Creation & Management
- Check customer credit and approve spending limits
- Keep clear records of each client's payment terms
- Track customer payment reliability over time
Invoicing & Dispatch
- Preparing invoices guided by robust SOPs
- Ensuring correct data entry, timely distribution
- Verification against client contracts or purchase orders
Collection & Follow-Up
- Systematic approach to dunning and reminders
- Structured call desks for chasing overdue bills
- Escalation paths for chronic late payers
Payment Posting & Reconciliation
- Clear, accurate application of incoming funds
- Handling of partial payments, write-offs, or credit notes
- Quick resolution of mismatches or short payments
Reporting & Governance
- Scheduled MIS and dashboards for AR progress
- Compliance-driven checklists (statutory/regulatory)
- Performance oversight with periodic reviews
Complete Business Process Outsourcing Ecosystem
Benefits of Accounts Receivable Outsourcing with MYND
Healthier Cash Flows. Lower DSOs. Lesser Disputes.
Cash flow optimization
Faster cash realisation for reinvestment- Specialized AR teams, reduced overheads
- Plug-and-play solutions to ease onboarding and transition
- Process centralization and variable transaction pricing
- Automation for reduced manual interventions
Increased Invoice Accuracy
Up to 98% reduction in invoice rejection rates- Process-driven checks to ensure correct data entry
- Thorough cross-referencing of POs and contracts
- Enhanced FTR submissions
Reduced Days Sales Outstanding
Up to 30% reduced DSO- 100% AR follow-up coverage
- Timely reminders & optimized collections
- Proactive dispute resolution protocols
- Call to collect (C2C) desk and Feet-on-street collections
Enhanced Dispute Resolution
Reduces discrepancies, improves resolutions- Reconciliation and deduction management best practices
- Real-time query support through relevant stakeholders
- Risk mitigation and cash flow optimization
Proactive Risk Mitigation
Stronger reputation, better customer retention- Multi-industry regulatory expertise
- Comprehensive framework for compliance adherence
- Proactive compliance management for reduced liabilities
An AR Approach Tailored to Your Industry & Scale
QSR, Telecom, Healthcare, IT/ITES, Retail & Consumer Goods—we adapt our process mastery to your environment. Whether you're a startup or an established global enterprise, our people-first approach ensures frictionless receivables.
IT/ ITES
Ensure on-time billing with minimal queries and timely follow-ups
Healthcare
Streamline billing, collections, cash application, and reconciliation
Telecom
Streamlining Complex Plans, Driving Predictable Cash Flows
QSR/ Retail
Simplify tender reconciliations and tighten cash flow management
Real Results from Our AR Outsourcing Services
See how MYND transforms accounts receivable operations for businesses across industries
Reducing DSO for Multi-Location Healthcare Provider
A healthcare provider with 50+ clinics struggled with 60+ day DSO, fragmented billing across locations, and 15% invoice disputes.
MYND centralized AR operations, implemented standardized billing protocols, established a dedicated collections team, and deployed automated payment reminders.
Reduced DSO from 60 to 38 days, decreased disputes by 70%, improved cash flow by $4.2M annually, and achieved 99% billing accuracy.
Streamlining Tender Reconciliation for QSR Chains
A national QSR chain struggled with cash variances across 200+ locations and delayed deposits, creating security risks.
MYND implemented a centralized reconciliation system tracking cash, card, and digital payments with automated deposit scheduling.
95% reduction in reconciliation errors, 40% faster bank deposits, and eliminated cash shrinkage across all locations.
Optimizing Rental Equipment Collections for IT Services
A technology rental company faced 45+ day payment cycles and 30% billing query rates, affecting cash flow.
MYND established quality audit protocols, scheduled follow-ups, and multi-channel collection touchpoints.
Reduced DSO from 45 to 30 days, decreased billing queries by 75%, and improved working capital by $2.8M annually.
Benefits Tailored to Your Role
See how MYND's AR outsourcing services deliver value across your organization
Predictable Cash Flow
Reduce DSO by 20-30% through systematic collection strategies and real-time visibility into receivables aging, enabling better cash forecasting and strategic planning.
Cost Efficiency
Cut AR processing costs by 30-40% through economies of scale, process automation, and variable pricing models that scale with your business needs.
Risk Management
Minimize bad debt exposure through proactive credit monitoring, structured escalation protocols, and professional collection strategies that preserve customer relationships.
Strategic Focus
Redirect finance team resources from transactional processing to strategic initiatives like financial planning, analysis, and business partnership.
Process Standardization
Implement documented SOPs and best practices that ensure consistency across all AR activities, reducing errors and improving audit readiness.
Real-Time Visibility
Access comprehensive dashboards showing AR aging, collection effectiveness, customer payment patterns, and team performance metrics for data-driven decisions.
Scalable Resources
Handle volume fluctuations without hiring headaches. Scale AR capacity up or down based on seasonal demands or business growth.
Technology Access
Leverage advanced AR automation tools and analytics platforms without large capital investments or implementation timelines.
Working Capital Optimization
Unlock trapped cash in receivables to fund growth initiatives, reduce borrowing costs, and improve return on assets.
Customer Experience
Maintain professional, consistent communication throughout the billing and collections process, strengthening customer relationships and reducing churn.
Growth Enablement
Support rapid expansion into new markets or customer segments without building AR infrastructure. Scale operations seamlessly as you grow.
Compliance Assurance
Maintain regulatory compliance across jurisdictions with expert teams that stay current on changing requirements and industry standards.
Getting Started
It's Easy to Get Results with Us — 5 Steps to Implementation Success
We're just a call away
We talk through your AR pain points and growth targets to understand your current challenges and operational requirements.
Solutions are uniquely tailored
Our experts design a customized operating model that optimizes your accounts receivable processes and aligns with your business objectives.
Switching simplified
We help compile customer details, outstanding balances, and any historical disputes into a standardized framework.
Transitions are smooth
We implement the target operating model, configure workflows, and transition operations while ensuring minimal disruption to your business.
Iteration is a part of the process
Through periodic reviews, we pinpoint new opportunities for optimization—be it improved follow-up strategies or refined SOPs.
The MYND Advantage
20+ Years of AR Excellence, Backed by Expert Talent
We don't just manage your receivables, we safeguard your brand and bottom line. With a people-first mindset, proven processes, and deep domain experience, we ensure your AR processing stays on track, always.
In-Depth Domain Expertise
- Two decades guiding AR for various sectors, from retail to IT/ITES
- A comprehensive understanding of standard credit policies, invoice structuring, and collection nuances
- Continuous skill upgrades through knowledge-sharing and targeted training
- Reliable, consistent AR outcomes with minimal rework
- Sound advice on industry-specific billing or regulatory complexities
- Proactive resolution of tricky client disputes
Robust Process Knowledge
- Well-documented Standard Operating Procedures (SOPs) refined over years
- Quality checks at each AR stage (invoice creation, dispatch, collection and cash application)
- Frequent self-assessments and process benchmarking to keep standards high
- Faster collections, better working capital
- Fewer reconciliation issues
- Seamless scaling with your business needs
People-Centric Managed Services
- Viewing ourselves as an extension of your finance function
- Flexible staffing models: pay only for what you need
- Clear Service Level Agreements (SLAs) and Key Performance Indicators (KPIs)
- Access to skilled AR professionals—on demand
- Prioritized improvements guided by ongoing feedback
- Tangible ROI and cost predictability
Scalable & Adaptive Frameworks
- Ready infrastructure for higher transaction volumes or multiple business units
- Business continuity plans that maintain operations under challenging conditions
- Talent pools that expand when your AR demands surge
- Confidence to grow without worrying about AR bottlenecks
- Reliable coverage if your existing staff is stretched thin
- Consistent performance across all global or regional offices
Governance & Compliance Expertise
- Dedicated compliance teams updating SOPs in line with new regulations
- Internal audits to ensure data integrity and accountability
- Transparent governance structure with regular review meetings
- Minimized legal or financial risks
- Lower penalties or fines from oversight
- Trust that your AR is carried out ethically and responsibly
FAQs about Accounts Receivable Outsourcing
Your Questions Answered
What is accounts receivable outsourcing?
Accounts receivable outsourcing is the practice of delegating your AR functions—including invoicing, collections, payment processing, and customer communications—to a specialized third-party provider. This allows businesses to focus on core operations while experts handle revenue cycle management, reduce DSO, and improve cash flow.
What are accounts receivable outsourcing services?
Accounts receivable outsourcing services involve delegating the management of your invoicing, collections, cash application, and reconciliation processes to a specialised service provider. These services ensure timely and accurate billing, streamline collections to improve working capital, and reduce manual reconciliation efforts through automation. By leveraging expert teams and technology, outsourced accounts receivable services maintain predictable cash flows, handle seasonal demand, and provide visibility into collection trends.
Can MYND integrate with our existing systems?
We adapt to your current workflows and support your staff. Our focus is on harmonizing data flows and ensuring consistent AR practices, rather than forcing new tech.
How does MYND ensure data security and confidentiality?
All client data is governed by strict SOPs, NDAs, and regular audits. We maintain robust confidentiality measures for invoices, customer details, and financial records.
Is my financial data secure when I outsource AR services?
Yes, your financial data is secure when you outsource accounts receivable services to a reputable provider like MYND. We implement stringent data security protocols, including role-based access controls, encryption, and compliance with regulatory standards. Our cloud-based systems ensure data protection and privacy, while continuous monitoring and audits safeguard against cyber threats.
How can outsourcing accounts receivable management benefit my business?
Outsourcing accounts receivable management benefits your business by improving cash flow predictability and reducing Days Sales Outstanding (DSO). It lightens your team's workload by handling invoicing, collections, and reconciliations efficiently through automation and expert handling. This enhances accuracy and reduces manual errors while enabling scalable and flexible service according to your business needs.
Can outsourcing improve customer relations?
Absolutely, outsourcing accounts receivable services can improve customer relations by ensuring timely, transparent, and professional communication during billing and collections. Outsourced teams prioritise empathetic and clear interactions that maintain trust and preserve important client relationships. With proactive account management and rapid resolution of invoice queries or disputes, outsourcing enhances customer satisfaction.
How do we begin with MYND's AR services?
Just reach out for an initial consultation call. We'll map your current AR challenges, define the scope, finalize timelines, and commence with data alignment before the official handoff.
Let's Get Started
Ready to transform your accounts receivable operations? Schedule a free consultation with our AR experts and discover how MYND can accelerate your cash flow, reduce DSO, and optimize your revenue cycle.
