Your Virtual Credit Manager

SEPTEMBER 13, 2022

Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo. If not approved, there should be an attempt to collect the disputed amount to avoid diluting profits, and if not collected, the deduction should be cleared by a bad debt write-off.

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Your Virtual Credit Manager

APRIL 4, 2023

Supporting profitable sales through the extension of credit Collecting as much of the AR generated as possible by or near the due date to ensure a substantial cash inflow Mitigating the risk of bad debt losses These tasks are best accomplished in a tidy environment. What constitutes optimization of a company’s AR?

Past Due Invoices 100

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 100

Serrala

AUGUST 29, 2022

The below will guide you through a few easy steps to identify if your credit landscape is due an upgrade. Credit Risk Management Software for Effective Credit Control Proactive credit risk management is a must to support a healthy business strategy.

Credit and Collections 52

Credit and Collections Credit Risk Dashboards Credit Scoring 52

Gaviti

MARCH 3, 2024

For example, RPA in accounts receivable can automate invoice distribution, payments, collections, payment matching and reconciliation. RPA use cases in finance include invoice processing, bank reconciliation, accounts payable and receivable, payroll processing and credit and risk management. Collections analytics.

DSO 52

DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

Gaviti

APRIL 24, 2024

Dunning workflows are a series of automated emails and actions that A/R teams use to collect invoices from customers. Having the best dunning workflow for each customer is the key to increasing your cash flow. In some companies, the implementation of dunning workflows increases cash flow by a significant percentage almost instantly.

DSO 52

DSO Credit and Collections Bad Debt Days Sales Outstanding 52

Emagia

FEBRUARY 5, 2023

Automation of accounts receivable is the process of automating various manual tasks involved AR process like invoicing, collecting, and tracking receivable to ensure timely collection. A study by Forbes, found that around 75% of companies reported having less than two months of operating cash at their disposal.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

TreviPay

AUGUST 30, 2023

Making Working Capital Work for You (and your Buyers) TreviPay’s configurable invoicing platform offers flexible funding sources so you can reduce reliance on credit cards and associated fees. Real-time screening and underwriting means customers get real-time credit decisions, for credit lines of $100,000 and under.

Credit and Collections 52

Credit and Collections B2B Credit Bad Debt Transactions 52

The Corcentric Blog

MAY 22, 2023

Oftentimes, investments in accounting applied technologies, such as accounts receivable cash application, fail to recognize the extensive value that these applications bring in terms of scalability, efficiency and accuracy.

Order to Cash 40

Order to Cash Cash Applicator Credit and Collections Transactions 40

TreviPay

APRIL 11, 2023

This caused them to adopt a defensive risk posture, reduce credit lines previously extended to business customers and reduce their customer base by 50%. Economic factors stemming from the financial crisis in 2008, and more recently, because of the global pandemic, heightened the retailer’s adversity to risk.

DSO 52

DSO Bad Debt Credit and Collections Order to Cash 52

Emagia

APRIL 19, 2023

Banks still handle lockbox payments during regular business hours, ensuring the money is credited to the company’s account the same day. In contrast to electronic methods like bank transfers, and credit and debit cards, it will still be ineffective. When the volume of transactions is high, they are vulnerable to fraud and human errors.

Credit and Collections 52

Credit and Collections Transactions Cash Applicator 52

Gaviti

MARCH 27, 2024

Increased globalization and cross-border transactions, a proliferation of diverse payment channels and methods, and rising customer expectations are creating more complex business environments for accounts receivable teams. As a result, they have increasingly turned to automated cash application to adapt to these challenges.

Automated Cash Application 52

Automated Cash Application Cash Applicator DSO Invoice to Cash 52

Serrala

MARCH 14, 2024

Energy and utilities companies must innovate and look at how technology can increase the processing of financial data at a faster speed, whilst increasing cost efficiencies by improving timely bill payment, speedy cash application, and optimizing outbound payments.

Credit and Collections 52

Credit and Collections Automated Cash Application Cash Applicator Bad Debt 52

billtrust

DECEMBER 20, 2022

Automation brings B2B opportunities for B2B transactions. Best practices and solutions for scaling cash application and to accelerate payments. She recently was a guest speaker at a Billtrust webinar where the discussion focused on the most pressing cash application challenges burdening AR departments.

AR Automation 52

AR Automation Digital Lockbox Cash Applicator Collector 52

Serrala

MARCH 14, 2024

Optimizing the Order-to-Cash cycle: Accounts receivable teams trust Serrala Radically simplify even the most complex transactions, automate invoice posting, get paid quicker and with full visibility and compliance across your entire customer ecosystem. Bild What can our AR solutions do for you?

DSO 52

DSO Credit and Collections Days Sales Outstanding Invoice to Cash 52

Gaviti

FEBRUARY 5, 2024

This release features the innovative Cash Application module, significant Credit Management enhancements, and the introduction of Gaviti Pay – a versatile payment gateway for streamlined, secure transactions. Pre Collection” Status : Enhanced internal Invoice Approval Feature.

Cash Applicator 52

Cash Applicator DSO Dashboards Credit and Collections 52

Serrala

MARCH 14, 2024

Successful consumer goods businesses must navigate these challenges to ensure a strong working capital position and sustainable cash flow by adopting agile inventory management practices, optimizing payment terms, and leveraging technology to enhance efficiency in supply chains and financial operations.

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk AR Automation 52

apruve

JULY 25, 2022

Accounts receivable automation software automates a company’s invoicing and collections processes. Some of these platforms help companies improve B2B customer purchase experiences with buyer portals, credit automation, and B2B payment automation. However, only one platform integrates trade credit and A/R automation : Apruve.

DSO 52

DSO Credit and Collections Order to Cash Days Sales Outstanding 52