Emagia

JANUARY 3, 2023

Emerging technologies such as AI, ML, RPA, Robotics, IoT, and blockchain, among others, are making all business operations and processes including Order to Cash (OTC) or a Cash Application autonomous with minimum human supervision and support. Why Is Autonomous Cash Application Important? Key Take Aways.

Cash Applicator 52

Cash Applicator Automated Cash Application DSO Credit and Collections 52

Your Virtual Credit Manager

SEPTEMBER 13, 2022

Photo by Jp Valery on Unsplash Payment deductions, also known as chargebacks or short pays, happen when the customer pays less than the full invoice amount. Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo. Well, it’s not.

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Your Virtual Credit Manager

OCTOBER 25, 2022

However, any departure from the routine can lead to posting delays in addition to impacting future revenue and cash flow, alienating customers, and increasing administrative costs. Who would have thought slow and/or inaccurate Cash Posting could have such a large negative impact on your company? Transaction completed and closed.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Cash Applicator Deductions 130

Your Virtual Credit Manager

APRIL 4, 2023

Two types of AR tend to accumulate in the over 90 day aging bucket: unpaid invoices and a build up of transactional debris — what we like to call “Clutter.” Clear as many of the clutter transactions as possible from your AR ledger. Be decisive and action-oriented.

Past Due Invoices 100

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

Emagia

FEBRUARY 5, 2023

Cash Application This process in AR management, if done manually, can consume a lot of time of AR team and make collection follow up difficult, and create a not-so-happy experience for both the team and customers. The process can get more cumbersome if deductions are involved.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Gaviti

MARCH 3, 2024

For example, IBM was able to adopt RPA to assist transactional pricers in determining the pricing of high-volume IBM software subscriptions, renewals and upgrades to sellers, saving them over 4,800 manual hours annually. In addition, more accurate bookkeeping and cash application free of errors delivers a better customer experience.

DSO 52

DSO Credit and Collections Days Sales Outstanding 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