Your Virtual Credit Manager

JANUARY 3, 2023

Over time, AR Ledgers unfortunately tend to collect “Clutter.” Clutter can also cause new orders to be placed on a credit hold when it otherwise would have been automatically released. Share How to Clean Up Your AR Ledger Launch a collection program to collect all past due invoices at least 15 days late.

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AR Automation Collector Credit and Collections Bad Debt 130

Emagia

NOVEMBER 21, 2023

As a longtime leader in the AI-based order-to-cash solutions industry, conferences around the world ask for Emagia representatives to appear and speak Artificial Intelligence, automation, and GenAI in finance. AI can help decrease DSO by improving collections and credit management processes. The short version is: yes.

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Days Sales Outstanding DSO Credit and Collections B2B Credit 52

Your Virtual Credit Manager

DECEMBER 19, 2023

Hopefully, that is why you are reading Your Virtual Credit Manager. If, however, there are unpaid invoices that have been allowed to go beyond the 90 day mark, you have a serious collection problem. In most cases (90 percent or more), we find the customer has a valid claim and deserves a credit.

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DSO Third Party Collections Credit and Collections Deductions 130

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.

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Credit and Collections Credit Risk Dashboards Credit Scoring 52

TreviPay

MARCH 13, 2023

In the business-to-business (B2B) world , order and transaction values can be large. Such instances can complicate invoice processing operations , which in turn can negatively influence the order-to-cash (O2C) process. Debit notes formalize requests for a return of credit purchases. What is a credit note?

Credit and Collections 52

Credit and Collections Transactions Order to Cash 52

TreviPay

JANUARY 11, 2023

An important player in effective cash flow management is days sales outstanding (DSO). 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.”.

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Days Sales Outstanding DSO Credit and Collections Alternative Payment Methods 98

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.

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Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Your Virtual Credit Manager

MAY 30, 2023

Customers increasingly prefer electronic transactions. There is more to this than just being able to accept checks or credit cards or facilitate ACH credits or wire transfers. Are you processing online payments via an eCommerce platform or are you accepting phone orders with a virtual terminal?

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Electronic Funds Transfer Credit and Collections Vendor Portals Order to Cash 130

TreviPay

DECEMBER 1, 2023

Embedded payments Embedded payments are integrated on and offline payment systems that allow customers to seamlessly initiate transactions in-store, on websites or on apps. They are also likely to take on risk with customers who require larger amounts of credit. B2B transactions involve different methods to B2C ones.

Credit and Collections 52

Credit and Collections Transactions Order to Cash Default 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.

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AR Automation Days Sales Outstanding DSO Credit and Collections 52

SAP Credit Management

SEPTEMBER 5, 2023

In the following blog, I will give you an engineering expert view of some selected highlights of our SAP S/4HANA Cloud, private edition for Sales, to demonstrate that automation, system integration, and end-to-end transparency can help companies to transform their order-to-cash process with the shift to low-touch sales order processes.

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Credit and Collections Order to Cash Transactions Default 181

TreviPay

MAY 25, 2023

Giving your customers the buying experience they want starts by aligning order-to-cash processes (O2C) with your customer’s procure-to-pay (P2P) processes. At TreviPay, our dedicated, interest-free line of business credit reduces risks and costs associated with cash, check or credit-card based purchasing.

Credit and Collections 52

Credit and Collections Order to Cash Transactions 52

TreviPay

FEBRUARY 27, 2023

Unlike a traditional business loan, there are less credit checks and a faster onboarding experience. Is B2B BNPL the same as trade credit? B2B BNPL is a type of trade credit. However, trade credit also covers scenarios different to typical BNPL plans. Process B2C BNPL businesses handle high volumes of small transactions.

Credit and Collections 52

Credit and Collections Transactions Order to Cash Small Businesses 52

Your Virtual Credit Manager

MAY 23, 2023

Incidentally, the higher your gross margin, the more latitude you have in extending credit to marginally risky accounts. Any subsequent collection expenses and bad debt write-offs are more easily recouped through additional sales than if your gross margins are low. Do you need help with your credit policies and procedures?

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Bad Debt Credit and Collections Deductions Credit Risk 49

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. Improve Customer Experience and Cash Flow.

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Cash Applicator Automated Cash Application DSO Credit and Collections 52

The Esker Blog

MAY 16, 2023

So, here’s what we’ve come up with so far: Vision: We spend a lot of time and effort understanding the market and which functionalities are actually helpful to all stakeholders involved in a transaction. AR teams need a user-friendly solution that helps them to efficiently collect payments from customers.

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Invoice to Cash Cash Applicator DSO Credit and Collections 98

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%. TreviPay’s scalability and business process outsourcing enabled the client to optimize and reallocate their human capital from the order-to-cash process flow in a cost-effective manner.

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DSO Bad Debt Credit and Collections Order to Cash 52

Gaviti

MARCH 6, 2023

They can streamline and automate the cash flow planning process while making it easier to manage payments and keep track of transactions. What Is a Cash Application? A cash application is a type of software that helps businesses manage money. After all, you could switch banks at any time.

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Cash Applicator Order to Cash Cash Forecasting Bad Debt 52

Emagia

APRIL 30, 2023

Any money that remains in these accounts is subsequently transferred to a permanent account, and the accountants produce the appropriate records to prove the transaction. Finance Transformation for the Credit and Collections Department. Credit cards, savings, and checking accounts are not temporary. Download eBook 2.

Credit and Collections 52

Credit and Collections Transactions Order to Cash 52

TreviPay

JULY 28, 2023

It is often used by businesses to send and receive documents, such as purchase orders (POs), invoices, contracts, and more. It improves the efficiency and speed with which organizations can communicate and transact with one another. For example, the invoice number or date format needs to be consistent. 7 benefits of e-invoicing 1.

Credit and Collections 52

Credit and Collections Order to Cash Transactions 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?

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DSO Credit and Collections Days Sales Outstanding Invoice to Cash 52

Serrala

MARCH 14, 2024

With our AI-powered cash application, AP automation, collections and disputes, and Bill Pay solutions, your company can achieve high AR automation, collections, and payment matching rates of up to 99%. All of which can be accessed in real-time for an up-to-date and accurate overview of your company’s cash position.

Credit and Collections 52

Credit and Collections Automated Cash Application Cash Applicator Bad Debt 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.

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DSO Credit and Collections Order to Cash Days Sales Outstanding 52

Serrala

MARCH 14, 2024

Serrala helps you reduce the burden of financial management on your teams with intelligent invoice-to-payment, invoice-to-cash and treasury automation solutions that unify your business’s finances, boost decision velocity, and let you apply working capital quickly and accurately to strategic and tactical concerns.

DSO 52

DSO Invoice to Cash Days Sales Outstanding Credit and Collections 52

Serrala

MARCH 14, 2024

Optimizing the Order-to-Cash cycle: Accounts receivable teams trust Serrala Our solutions help you to create smooth and reliable AR environment that makes it easy for you to account for all invoices and incoming payments across all formats. And to scale faster as transaction volumes increase due to M&A activity.

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk Default 52

Serrala

MARCH 14, 2024

Optimizing the Order-to-Cash cycle: Accounts receivable teams trust Serrala Our solutions help you to create smooth and reliable AR environment that makes it easy for you to account for all invoices and incoming payments across all formats. And to scale faster as transaction volumes increase due to M&A activity.

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk Default 52

billtrust

DECEMBER 20, 2022

Automation brings B2B opportunities for B2B transactions. Best practices and solutions for scaling cash application and to accelerate payments. Also, a recent study from Juniper Research has found the global transaction value of the B2B payments market will exceed $111 trillion in 2027. Share with your network: Mail.

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AR Automation Digital Lockbox Cash Applicator Collector 52

SAP Credit Management

SEPTEMBER 13, 2023

After all it does not take that long to collect all the socks and other goodies from the exhibition hall. Michael said that is what traditional SAP transactions are like. I thought I might as well go to as many talks as I could, turning up for my own one was important, but I could go to lots of others as well.

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Transactions Order to Cash 198