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Introducing: Cash Application, Credit Application Management, Integrated AI and Much More

Gaviti

These additions have been carefully crafted to address the evolving needs of businesses, ensuring you have the tools to minimize errors, maximize efficiency, and optimize your cash flow like never before. With the Cash Application module, we’re eliminating these pain points and introducing a new level of accuracy and efficiency.

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A/R Management vs Debt Collection: What’s the Difference?

Gaviti

For some customers, however, you’ll need another strategy altogether for collecting unpaid and overdue invoices: debt collection. The Key Components of Effective A/R Management The main aspect of A/R management is the collections of receivables. Streamlined credit management. These include: A streamlined dunning process.

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6 Ways to Improve A/R Collections Processes with Netsuite

Gaviti

They need a solution that focuses on just the accounts receivable process in order to optimize their cash flow and make sure cash doesn’t fall through the cracks. Although Netsuite collections features do help companies to manage overdue invoices, for most businesses, a number of challenges still remain. Recording collections.

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Are You Managing Your Receivables with the End of the Year in Mind?

Your Virtual Credit Manager

Your accounts receivable (AR) and cash balances as of December 31, 2023, are very important numbers. Suppliers, lenders, and credit rating agencies place substantial importance on these numbers when assessing your liquidity and overall financial strength. Initiate collection calls on customers with medium to larger past due balances.

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6 Cash Flow Performance KPIs Every CFO Needs to Track

Gaviti

In this blog, you’ll learn about the most important cash flow metrics and cash application KPIs for CFO performance and their relationship to your overall financial planning. What is a Cash Application KPI? Average Days Delinquent (ADD) ADD is an essential cash flow metric.

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5 Methods to Reduce Late Payments

Gaviti

If late invoice payments cause you to miss loan repayments, it can impact your credit, and, if it continues, can land you in court. Employees who aren’t paid on time will find work elsewhere, making it hard to fulfill future customer requests, and send and collect invoices. These include: Lack of a unified process.

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5 Methods to Reduce Late Payments

Gaviti

If late invoice payments cause you to miss loan repayments, it can impact your credit, and, if it continues, can land you in court. Employees who aren’t paid on time will find work elsewhere, making it hard to fulfill future customer requests, and send and collect invoices. These include: Lack of a unified process.