RevCycle

DECEMBER 7, 2023

Send friendly reminders before the due date, highlighting any holiday-related delays in processing payments. Offer alternative payment methods: Provide options like online payments, installments, or pre-authorized debit to make it easier for customers to pay on time.

Alternative Payment Methods 223

Alternative Payment Methods Credit and Collections Credit Scoring Payment Portals 223

Gaviti

MARCH 21, 2023

If this sounds like your company, then the best solution is to accelerate your accounts receivable collection so you can turn sales into capital you can actually use to maintain your business. There are many strategies to streamline invoice collection to get the money owed to your company quicker.

Invoice to Cash 52

Invoice to Cash Credit and Collections Alternative Payment Methods Credit Card Payments 52

TreviPay

JANUARY 11, 2023

DSO is the average number of days a company takes to collect a customer’s payment for a sale. Part of the cash conversion cycle, DSO is also sometimes referred to as “days receivables” or “cash collection period.”. Number of Accounts Receivables / Number of Net Credit Sales x Number of Days = DSO. 4 Ways to improve DSO.

Days Sales Outstanding 98

Days Sales Outstanding DSO Credit and Collections Alternative Payment Methods 98

TreviPay

JANUARY 7, 2023

From implementing TreviPay ® (TreviPay) to providing multiple payment options, identifying ways to minimize DSO can eliminate many of the challenges that result from restricted cash flow. In fact, 48% of B2B buyers have not completed a purchase because their preferred payment method wasn’t an option.

DSO 59

DSO Days Sales Outstanding Alternative Payment Methods Credit and Collections 59

FICO Blog

DECEMBER 20, 2022

Here are my predictions on the payment trends for the next year, how they’ll create risks or opportunities in 2023, and what FIs need to watch out for with each of them. While debit transactions still prevail, all the other payment types are growing even faster. And PYMNTS.com says the U.S. trillion.

Alternative Payment Methods 52

Alternative Payment Methods Credit and Collections Transactions Default 52

FICO Blog

DECEMBER 20, 2022

Here are my predictions on the payment trends for the next year, how they’ll create risks or opportunities in 2023, and what FIs need to watch out for with each of them. Alternative Payments Methods Will Grow Faster than Debit — and Scammers Will Rejoice. And PYMNTS.com says the U.S. trillion.

Alternative Payment Methods 52

Alternative Payment Methods Credit and Collections Transactions Default 52

TreviPay

JANUARY 30, 2023

It also improves your customer data collection , which can be used for better cross-channel promotions. In short, it is an important part of B2B payments – and therefore the buyer’s journey. But in other circumstances, such as when you need to outsource your collections, invoice factoring is better.

Credit and Collections 52

Credit and Collections Alternative Payment Methods Transactions Credit Management 52