Accounts receivables are the process of getting paid. High-level that means everything around:

• How your invoice is sent out (invoicing)
• How you reconcile payments back to your accounting system (reconciling)
• How you send reminders if an invoice is not paid on time (reminders)
• How you send cases to debt collection if a reminder flow is not working (debt collection)

In Likvido, we help you automate most of the process. Likvido cannot automate everything because sometimes you need to make a business decision: do we want to send this important customer a reminder? The customer asked us to pause a reminder flow, but after 2 weeks, they still didn't pay?

To help you facilitate this process, Likvido is a mix of automation described in this article, but also a strong task management system ( Todos - for when we need your reaction)

On the many following pages, we will go through the whole flow.

Important note around: Invoice & Reminders vs. Debt collection

Whenever Likvido sends anything out to your customers, it does so in your name. That means all invoices and reminders are done from your company name and not Likvido. An example of an email:

That means you can consider Likvido as an extension of how you do things today. Your customers will still hear from you, and not Likvido.

An important exception:

However, if you're using Likvido in Denmark (🇩🇰), we support debt collection. When a case is in debt collection, you're no longer the one we communicate on behalf of us. If it's sent to debt collection, "Likvido Inkasso" - our collection agency - is the sender of all emails/invoices.