Accounts Receivable
Introduction
An effective and smooth Order-to-Cash cycle is crucial for companies to optimize their cash flows and collection processes. Mynd’s Accounts Receivable services facilitate companies in improving the same. Our associates work closely with business teams to effectually manage collection activities without disturbing client’s relationships. Mynd’s AR solution is comprehensive yet completely flexible, and thereby enables clients to choose the entire bouquet of services or commence a new assignment with a subset of processes, business units or locations.
Accounts Receivable Solutions by Mynd
Mynd’s Account Receivable offering enables organizations to focus valuable manpower and other resources on core accounting tasks rather than merely wasting time on managing collection activities. We provide service levels that exceed industry norms in several key performance indicators, including Average Invoice submission timelines, Average Invoice collection timelines & Query resolution timelines.
Our industry specific expertise in implementing best practices for optimization of the Order-to-Cash cycle help clients considerably improve their cash flows and working capital position in a short span of time.
Improved Processes
Setting up AR follow up mechanisms
Systemic Follow Ups
Assistance to business for sensitive customer AR
Reconciliations
Clean-up of older AR through reconciliation
Scope of Services
Mynd’s innovative approach to handling the Account Receivables function of its clients provides them several unique value propositions enlisted below, apart from the conventional benefits of better cash flow management and controls, savings on time & money.
1
Control over DSO days through collection and reduced process gaps
2
Timely resolution of queries posted at Helpdesk with a Log record
3
Automated Configurable MISs around Collection & Defaults
4
Collection Watch - No AR in past due category without justifiable reasons.
Case Study
Helping a beleaguered Pharma MNC facing multiple complex issues in Account receivables in terms of high DSO and Risky AR in their India operations while aggressively expanding.
Our client, an American global medical company specializing in eye care products with headquarters in Texas, USA with global revenues over 6 billions. It is a wholly owned subsidiary of a Global Pharma giant with revenue over 48 billions, headquartered out of Basel, Switzerland (Fortune 100 Company, Rank 2 in Pharmaceutical vertical). With operations in 75 countries, their products are sold in over 180 countries
Testimonial
What client says !
General Manager HR
of a non-for profit company incorporated in 2002 by the Government of India and NASSCOM“Mynd Integrated Solutions Pvt Limited handles the Payroll Administration and provide HRIS software for our 650 plus employees spread across locations PAN India. We wish to recognize Mynd Integrated Solutions Pvt Limited as a value adding service provider for us; and would like to place our recommendation for employing Mynd Integrated Solutions Pvt Limited as your service provider for managing payroll and it’s related functions.”
Chief Financial Officer
A Leading Indian Telecom Infrastructure IndustryMynd Integrated Solutions Pvt Limited is providing Satisfactory Services for our Project in the following areas- Automated Employee Lifecycle thru Employee Information Portal, Leave and Attendance Module, Travel and Expense Management, Compensation & Retirals Benefit Administration and Help Desk along with Defining Process Flows for Leave and Attendance, Travel and Expense Claim, Payroll Approvals in e HRIS application. Mynd has successfully implemented Vendor Business Process Management (Purchase to Pay Application) on VBPM Application.
Manager HR & Admin
A Global Company offering English Language Testing ServicesCountry Head HR
of a US based MNC that produces test and measurement equipment and software“This is in appreciation of our association with Mynd Integrated Solution Pvt. Ltd. As a recipient of their Payroll Processing services along with Leave & Attendance administration (through SaaS based HRIS tool). We would like to place our recommendation for employing Mynd Integrated Solutions Pvt Limited as your service provider.”
General Manager HR
of a non-for profit company incorporated in 2002 by the Government of India and NASSCOM“Mynd Integrated Solutions Pvt Limited handles the Payroll Administration and provide HRIS software for our 650 plus employees spread across locations PAN India. We wish to recognize Mynd Integrated Solutions Pvt Limited as a value adding service provider for us; and would like to place our recommendation for employing Mynd Integrated Solutions Pvt Limited as your service provider for managing payroll and it’s related functions.”
Chief Financial Officer
A Leading Indian Telecom Infrastructure IndustryMynd Integrated Solutions Pvt Limited is providing Satisfactory Services for our Project in the following areas- Automated Employee Lifecycle thru Employee Information Portal, Leave and Attendance Module, Travel and Expense Management, Compensation & Retirals Benefit Administration and Help Desk along with Defining Process Flows for Leave and Attendance, Travel and Expense Claim, Payroll Approvals in e HRIS application. Mynd has successfully implemented Vendor Business Process Management (Purchase to Pay Application) on VBPM Application.
Manager HR & Admin
A Global Company offering English Language Testing ServicesCountry Head HR
of a US based MNC that produces test and measurement equipment and software“This is in appreciation of our association with Mynd Integrated Solution Pvt. Ltd. As a recipient of their Payroll Processing services along with Leave & Attendance administration (through SaaS based HRIS tool). We would like to place our recommendation for employing Mynd Integrated Solutions Pvt Limited as your service provider.”
General Manager HR
of a non-for profit company incorporated in 2002 by the Government of India and NASSCOM“Mynd Integrated Solutions Pvt Limited handles the Payroll Administration and provide HRIS software for our 650 plus employees spread across locations PAN India. We wish to recognize Mynd Integrated Solutions Pvt Limited as a value adding service provider for us; and would like to place our recommendation for employing Mynd Integrated Solutions Pvt Limited as your service provider for managing payroll and it’s related functions.”
Chief Financial Officer
A Leading Indian Telecom Infrastructure IndustryMynd Integrated Solutions Pvt Limited is providing Satisfactory Services for our Project in the following areas- Automated Employee Lifecycle thru Employee Information Portal, Leave and Attendance Module, Travel and Expense Management, Compensation & Retirals Benefit Administration and Help Desk along with Defining Process Flows for Leave and Attendance, Travel and Expense Claim, Payroll Approvals in e HRIS application. Mynd has successfully implemented Vendor Business Process Management (Purchase to Pay Application) on VBPM Application.
Mynd Automation Suite
