The Corcentric Blog

JUNE 27, 2023

The significant reduction in invoice processing costs has driven AP automation uptake faster than AR automation initially, but automation solutions for AR are now fast becoming a must-have for many more reasons than just efficiency gains. Another challenge of in-house AR automation is the cost.

AR Automation 52

AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 52

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. However, that doesn’t exclude an opportunity to do even better.

Credit and Collections 130

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

Lockstep

NOVEMBER 16, 2022

Combined with email automation, templates automating the collections process save you time and help to ensure that your customer communications are consistent. AR automation software, like Lockstep Receivables, comes with a library of best-in-class templates that can easily be adapted to match your specific requirements. .

AR Automation 88

AR Automation Accounts Receivable (AR) Days Sales Outstanding DSO 88

Emagia

FEBRUARY 5, 2023

These days, with various data points related to your customers available in the public domain and technologies available to collect and analyze them in the way it is required, the credit authorization process is mostly driven by data and analytics provided by AR automation tools.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Lockstep

JUNE 15, 2022

For B2B businesses, credit management is essential for accounts receivable (AR) management success. Proper, healthy credit management allows for steady cash flow, better collections management and a manageable days sales outstanding (DSO). . AR automation can make a world of difference in your credit plan activation.

AR Automation 89

AR Automation Bad Debt DSO Accounts Receivable (AR) 89

Gaviti

SEPTEMBER 19, 2022

Monitoring AR metrics like days sales outstanding ( DSO ) is one of the best places to start. Without the right data at hand, CFOs and finance leaders are missing out on a gold mine of opportunity. The post Improving Your Dunning Strategy and Recovery Rate appeared first on Gaviti.

AR Automation 52

AR Automation DSO AR Metrics Accounts Receivable (AR) 52

Emagia

JULY 3, 2023

Cash Application Automation for True Straight-Through Processing It takes a lot of human effort for your internal accounts receivable (AR) personnel to manually match payments to customers’ accounts. Consider using cash application software and AR automation to simplify this procedure and reduce manual labor.

Automated Cash Application 52

Automated Cash Application Cash Applicator Days Sales Outstanding AR Automation 52