AUSTIN, Texas, May 8, 2020 (Newswire.com) - Invoiced, the award-winning solution for Accounts Receivable Automation, today officially announced that National Accounts Receivable Appreciation Day will take place on May 19, 2020. The day of celebration is officially registered with the National Day Archives and is being supported by other finance and accounting leaders including American Express, The Credit Research Foundation, Sage Intacct, Avalara and GoCardless. The inaugural National Accounts Receivable Appreciation Day, originally organized by Invoiced, was first celebrated on March 7, 2019.
National Accounts Receivable Appreciation Day is a celebration of the people, process, traditions and value of accounts receivable in today’s business world. This national day honors the teams and individuals who work tirelessly to collect on outstanding sales and make sure that the rest of the business world can continue making payroll, paying suppliers and serving customers. Due to the current COVID-19 pandemic, many businesses who send out bills have experienced significant challenges and delays in receiving payments, making the accounts receivable function even more crucial to overall business performance and continuity.
“Given the sharply rising importance of the accounts receivable function for modern business, there could be no better year to honor the work, skill and commitment of accounts receivable professionals,” said Jared King, co-founder and chief executive officer for Invoiced. “As a company that’s solely focused on helping accounts receivable be more effective, we at Invoiced can think of no other function that is owed a greater debt of gratitude and appreciation,” he added.
“Getting paid is a critical function for any business, big or small,” said Dan Puleri, vice president, Merchant Services for American Express. “American Express is proud to honor Accounts Receivable professionals on this special day for the immeasurably important parts they play in helping businesses of all sizes succeed,” he added.
“This year more than ever – the focus is on and should remain on accounts receivable,” said Bill Balduino, president and chief operating officer for The Credit Research Foundation. He further explained, “Businesses are suffering and need support meeting their payables obligations, while others are desperately trying to assess which receivables merit pursuing or litigation. Still others are methodically chasing outstanding A/R to provide much-needed working capital, and on and on. But one thing they all have in common: their focus is accounts receivable.”
Other leaders from across the finance and accounting field expressed their kudos and perspective on accounts receivable in celebration of National Accounts Receivable Appreciation Day:
Marc Linden, EVP & GM, Medium Segment Native Cloud Solutions, Sage Intacct
“Sage Intacct is excited to once again celebrate National Accounts Receivable Appreciation Day. As a former CFO, I appreciate and understand the hard work that comes with being an AR professional. The accounts receivable function is an important role for successful, high-growth organizations and we’re glad to express our gratitude to these individuals that are committed to ensuring the business runs smoothly.”
Amit Mathradas, President and COO, Avalara
“The role of the accounts receivable function is crucial to the success of modern businesses. Avalara is committed to providing accounts receivable professionals with the automation technology necessary to alleviate the burden tax compliance puts on the accounts receivable management process and applauds the work of these professionals around the globe.”
Pranav Sood, VP of Small Business, GoCardless
“GoCardless is on a mission to take the pain out of getting paid. We’re excited to partner with Invoiced to support Accounts Receivable professionals to automate processes, accelerate order to cash and save money!”
Cameron Desautels, Founder & CEO, CollBox
“CollBox is thrilled to support and celebrate National Accounts Receivable Appreciation Day. Our core mission has always been to get businesses paid for their hard work and this day is a fantastic opportunity to highlight and celebrate the hardworking professionals who we partner with every day to make it happen. Without their hard work and dedication, all businesses would suffer and it’s only right that we take a moment to celebrate their contribution to the success of our businesses.”
Why Accounts Receivable Professionals Deserve Their Own Day
Accounts Receivable professionals play a significant role in how businesses operate by collecting on outstanding sales. This is especially true within the current business environment in which it’s getting harder for businesses to secure timely payment on outstanding debt. Without the work of skilled, diligent A/R professionals, companies wouldn’t be able to collect and process the cash needed to make payroll and continue operations. America’s A/R pros deserve to be recognized for the crucial, and often, thankless, role they play in modern business.
National Accounts Receivable Appreciation Day is for businesses of all sizes and can be celebrated in private or in public. The official day of celebration was created and registered by Invoiced via the National Day Archives in January 2019. For more information and to read and share stories about accounts receivable, billing and collections visit ReceivableDay.org.
Invoiced is an award-winning platform for helping businesses get paid faster, stop wasting time on collections and provide a better payment experience for customers. With thousands of customers in 92 countries and nearly $50 billion in receivables processed, Invoiced is pioneering the field of accounts receivable automation. Based in Austin, Texas, Invoiced is the #1 rated A/R automation platform on G2 Crowd, a 2020 Cloud Awards Finalist and an official member of Forbes Finance Council. For more information, visit invoiced.com.