Your Virtual Credit Manager
SEPTEMBER 12, 2023
Processing Delays There are several AR activities that often take longer than they should and therefore cause delays: processing credit applications, approving orders, generating invoices, and posting payments. Nothing is more frustrating to the sales team than an order from a new customer that sits waiting for approval.
The Esker Blog
OCTOBER 11, 2022
According to a 2021 study, it takes an average of 9.5 This is done by centralizing procure-to-pay and order-to-cash communications in one fully integrated platform (i.e., For Andrea Linke, Credit Manager at Kuriyama of America, Inc., minutes to get back into a productive workflow after switching between digital apps 2.
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TreviPay
MAY 12, 2023
Days sales outstanding (DSO) (also known as days receivables or cash collection period ) is a measure used to help determine the state of businesses’ collection process. It looks at the average number of days it takes for accounts receivable departments to collect cash from outstanding invoices.
TreviPay
MAY 12, 2023
Days sales outstanding (DSO) (also known as days receivables or cash collection period ) is a measure used to help determine the state of businesses’ collection process. It looks at the average number of days it takes for accounts receivable departments to collect cash from outstanding invoices.
Your Virtual Credit Manager
AUGUST 29, 2023
Effective collections are crucial to maintaining a healthy cash flow and the financial stability of your company. If your business is struggling with cash flow or AR balances are growing, it could be a sign that your collections policy requires updating. There are a myriad of issues that can affect collections.
The Esker Blog
MAY 9, 2023
Take for instance a company that is in an industry that is ripe for fraud and their credit department uses a manual process to onboard and approve new customers. When interest rates were low in 2020 and 2021, companies got complacent and allowed customers to pay slowly, as long as they were paid and the business was profitable.
billtrust
DECEMBER 20, 2022
In a 2022 survey, Forrester Research found that 73% of organizations say growth is a top priority (up from 40% in 2021), and 71% also say improving products and/or services is at the top of their minds. What a typical cash application process looks like. That’s before the data enters the ERP and cash can be posted.
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