Plooto

MARCH 28, 2024

The accounts receivable turnover ratio can be a helpful metric in determining the efficiency of your accounts receivable (AR) processes. The AR turnover ratio measures the number of times debts are collected from customers over a specified period.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Bectran

AUGUST 16, 2023

Accounts receivable (AR) is a critical piece of the cash flow puzzle and sustainable, efficient AR processes can make or break your business. That’s why it’s crucial to have an integrated, seamless and holistic AR ecosystem.

Accounts Receivable (AR) 97

Accounts Receivable (AR) 97

Lockstep

NOVEMBER 8, 2022

Seattle, WA – – Lockstep , the award-winning accounting automation pioneer, today announced it has partnered with SYSPRO to grow the connected accounting network. Lockstep will provide SYSPRO’s North American customers access to award-winning accounts receivable (AR) automation software, Lockstep® Receivables.

AR Automation 120

AR Automation Accounts Receivable (AR) Automated Cash Application Credit and Collections 120

Bectran

JULY 12, 2023

Maintaining an organized credit management system and accounts receivable (AR) department is a major key to success in any B2B company, but it’s particularly so in the construction industry.

Accounts Receivable (AR) 98

Accounts Receivable (AR) Credit Management 98

Chaser

FEBRUARY 14, 2024

Accounts Receivable (AR) and credit control are essential function in any business. Keeping track of accounts receivable can be time-consuming, as it requires attention to detail and diligent record-keeping.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Bectran

JULY 26, 2023

Credit professionals are turning to automated and digitized processes and workflows to free them from tedious, paper-intensive processes. In the accounts receivable (AR) sector, paper invoices are a thing of the past, because automation technology is the future, and it is transforming the way businesses handle B2B transactions.

Transactions 89

Transactions Accounts Receivable (AR) Credit and Collections 89

Your Virtual Credit Manager

FEBRUARY 20, 2024

(Photo by Carlos Muza on Unsplash ) A Framework for Choosing Suitable AR Metrics Businesses should carefully assess their specific needs, objectives, and operating context when selecting metrics for accounts receivable (AR) performance measurement. Calculate the total credit sales made during the same period.

DSO 130

DSO Days Sales Outstanding Credit and Collections Accounts Receivable (AR) 130

Chaser

FEBRUARY 26, 2024

This is no different in the realm of accounts receivable (AR) — a crucial part of a company's financial backbone. As technology continues to redefine customer expectations, there's a growing emphasis on leveraging AR management systems not only for internal efficiency but also as a means to enhance the customer journey.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Accounting Department

JANUARY 19, 2023

However, late payments and bad debts are a constant threat looming over an accounts receivables (AR) team. Accounts receivable reports are a key tool for businesses to manage their AR balances, forecast cash inflow, and stay on top of overdue payments.

Accounts Receivable (AR) 82

Accounts Receivable (AR) Bad Debt Small Businesses 82

Your Virtual Credit Manager

JANUARY 30, 2024

The evolution of Accounts Receivables (AR) automation has revolutionized our collection strategies. Manual collection processes centered on an aged accounts receivable trial balance (ARTB) lack the regimentation and efficiency brought about by automation.

Credit and Collections 130

Credit and Collections Collector Accounts Receivable (AR) Days Sales Outstanding 130

Your Virtual Credit Manager

APRIL 9, 2024

There has always been a strong correlation between the cost of funds and accounts receivable (AR) management. Any delays in receiving payments from customers can, therefore, have a more pronounced effect on a company's bottom line profits.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Credit Card Payments Collections Automation 130

Chaser

NOVEMBER 1, 2023

One of the most important tools for decision-making is accounts receivable (AR) reports, as they provide critical insight into a company's financial standing, customers, and performance trends. Simply put, accounts receivables are the lifeblood of your business operations and critical for your business’s cash flow.

Accounts Receivable (AR) 52

Accounts Receivable (AR) AR Reporting 52

Enterprise Recovery

MARCH 24, 2023

As accounts receivables (AR) begin to fall delinquent, your business expenses could fall delinquent as well. The effectiveness of your accounts receivable department may be one of the most important measurements to determine the success of your business.

Accounts Receivable (AR) 67

Accounts Receivable (AR) Debt Collections 67

Your Virtual Credit Manager

OCTOBER 3, 2023

There is another bad debt threat to your Accounts Receivable (AR) asset, however that could prove devastating. It should also facilitate maximizing revenue from customers with a higher degree of credit risk. Because it focuses effort where needed, it can be quite efficient as well as effective.

Bad Debt 130

Bad Debt Accounts Receivable (AR) Credit Risk Credit and Collections 130

Your Virtual Credit Manager

JANUARY 2, 2024

Contacting customers to pay past due amounts (collecting) is an essential element of accounts receivable (AR) management. For most firms, late customer payments are a frequent occurrence and collecting them can be a difficult task.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Credit Management 130

Plooto

JUNE 27, 2023

This phenomenon can also be found in our accounts payable (AP) and accounts receivable (AR) processes. Increasing digitization and automation have helped firms become more efficient and more profitable.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Your Virtual Credit Manager

FEBRUARY 6, 2024

As a small business owner or executive, managing accounts receivable (AR) and navigating through various credit decisions is an integral part of the job. From processing credit applications to negotiating payment plans, each AR activity you undertake requires thoughtful consideration.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 130

Your Virtual Credit Manager

JANUARY 17, 2023

Photo by Alex Radelich on Unsplash When small businesses add customers and increase sales, their company’s Accounts Receivable (AR) will grow.

Credit and Collections 246

Credit and Collections Accounts Receivable (AR) Days Sales Outstanding Past Due Invoices 246

Bectran

APRIL 19, 2023

Managing accounts receivable (AR) can be a time-consuming and complicated process for any business. But the traditional means for supporting an efficient AR process is cumbersome , especially as your business scales. And as your business grows , your financial needs grow with it.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

billtrust

OCTOBER 11, 2022

There’s nothing like waiting for accounts to come in. What if there was a way to take the stress out of accounts receivable (AR)? You’d be surprised how easy it is to get a grip on your cash flow with the right accounts receivable solutions. Read on for tips on how to get started. Customer churn.

Accounts Receivable (AR) 52

Accounts Receivable (AR) AR Automation Credit and Collections Cash Applicator 52

Lockstep

JUNE 1, 2022

As the Federal Reserve tightens interest rates at the highest level in over 20 years, it’s a good time to review your manual accounts receivable (AR) processes to seek out your unresolved cash traps. It’s no surprise that rising interest rates are causing companies to evaluate their AR and cash position. .

AR Automation 75

AR Automation Accounts Receivable (AR) DSO Credit and Collections 75

Your Virtual Credit Manager

NOVEMBER 28, 2023

The primary source of cash inflows for most firms are the receipts from payments of open customer invoices - i.e., your Accounts Receivable (AR). Other common inflows may involve rent you charge, royalties, and financing, all of which are easy to forecast. This is the inflow most difficult to forecast.

Cash Forecasting 130

Cash Forecasting Credit and Collections Accounts Receivable (AR) Invoice Disputes 130

Your Virtual Credit Manager

APRIL 2, 2024

As such, they are just one of the many tools, such as credit reports, supplier and bank references, and financial statement analysis, that can help assess a business's creditworthiness. Commercial credit scores are often not as well understood as consumer credit scores such as FICO.

Credit Scoring 130

Credit Scoring Credit and Collections Bad Debt Credit Risk 130

Your Virtual Credit Manager

AUGUST 15, 2023

Photo by Berkeley Communications on Unsplash In all probability, your accounts receivable (AR) portfolio conforms to the 80/20 rule. Pareto’s theorem stipulates that 80 percent of your receivables are concetrated in only 20 percent fo your accounts and vice versa.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Credit Management Small Businesses 130

Chaser

DECEMBER 20, 2022

One of the most important tools for decision-making is accounts receivable (AR) reports, as they provide critical insight into a company’s financial standing, customers, and performance trends. For businesses to remain competitive in this digital economy, companies need to make strategic decisions based on data.

Accounts Receivable (AR) 52

Accounts Receivable (AR) AR Reporting 52

Chaser

SEPTEMBER 15, 2023

Technology plays an integral role in accounts receivable (AR) processes and has the potential to significantly decrease the amount of time spent chasing overdue payments. The situation is also getting worse, with data from 2022 showing that late payment rates had increased by 25% compared to the year before.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Emagia

NOVEMBER 2, 2023

Beyond ChatGPT: Understanding the Trends of Evolving Generative AI For Finance Beyond ChatGPT: Unlocking the Power of GenAI in Billing Beyond ChatGPT: Unlocking the Power of GenAI in Receivables Collection Generative Artificial Intelligence (GenAI) is generating significant buzz in today’s business landscape.

Cash Applicator 52

Cash Applicator Accounts Receivable (AR) AR Automation Credit and Collections 52

Lockstep

MAY 4, 2022

Is your AR aging creeping beyond resolution? Are you even able to review and report on your aging accounts receivable? The role of accounts receivables (AR) teams is increasingly important as the backbone of your organization’s financial health. Enter Award-Winning Lockstep .

AR Automation 81

AR Automation Accounts Receivable (AR) AR Aging Credit and Collections 81

Your Virtual Credit Manager

MARCH 12, 2024

As a result, trade credit, where businesses extend financing to customers, is undergoing rapid advancements, but it also poses high risks, especially in assessing creditworthiness, dealing with economic fluctuations, and fraud.

AR Transformation 100

AR Transformation Credit and Collections Accounts Receivable (AR) Order to Cash 100

Your Virtual Credit Manager

JANUARY 9, 2024

From a credit management perspective, these are largely reactive topics. In fact, once you decide to sell a customer on open credit, most of the accounts receivable (AR) management tasks that follow have a reactive component. There is nothing wrong with that.

Credit and Collections 130

Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Your Virtual Credit Manager

FEBRUARY 13, 2024

The good news is that there are a number of actions you can take to reduce your loss exposure and shore up your accounts receivable (AR). Clearly, the level of Business Credit Risk is going to remain elevated as we move through 2024, bringing with it the potential for corresponding increases in bad debt and delinquency.

Bankruptcy 130

Bankruptcy Credit and Collections Bad Debt Accounts Receivable (AR) 130

Emagia

NOVEMBER 28, 2023

Key Gains of Autonomous Finance Enhanced Productivity and Efficiency: Automating tasks in accounts receivable (AR), accounts payable (AP), and reconciliation processes reduces, if not eliminates, errors that are commonplace where manual processes still dominate a businesses’ finance functions.

Accounts Receivable (AR) 64

Accounts Receivable (AR) Bad Debt Order to Cash 64

The Esker Blog

DECEMBER 29, 2022

In Part 1 of the Rethinking Receivables blog series, we highlighted four strategies that all finance leaders should prioritize in 2023 in order to maintain a healthy cashflow and resilient business model. Why AR automation?

AR Automation 98

AR Automation Accounts Receivable (AR) Cash Forecasting Credit and Collections 98

Your Virtual Credit Manager

JANUARY 23, 2024

Today, utilizing the Internet for intelligence gathering is much easier, especially with the Artificial Intelligence (AI) tools and alternative data sources that are emerging. The benefits are well worth the time spent implementing a monitoring process ( let us know if you need help in this regard ).

Credit Application 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

lsq

NOVEMBER 29, 2023

Referrals are the lifeblood of our accounts receivable (AR) finance business and we have been successfully helping clients meet their working capital needs with the help of introductions from bankers and brokers for almost three decades.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

The Esker Blog

DECEMBER 13, 2022

With the New Year right around the corner, it’s an opportune time for finance leaders to review, reassess and rethink their accounts receivable (AR) strategies. Start up business team meeting working on digital tablet new business project. But this prompt is not simply some end-of-the-year contrivance.

Accounts Receivable (AR) 97

Accounts Receivable (AR) DSO Bad Debt Invoice to Cash 97

Your Virtual Credit Manager

JANUARY 16, 2024

Time is as much an enemy as anything else when you are charged with collecting past due accounts receivable (AR), so it is crucial you don’t waste time by making mistakes, which will also serve to elongate the collection process.

Debt Collections 130

Debt Collections Collector Credit and Collections Bad Debt 130