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5 Tips to Reduce Your Cash Conversion Cycle

Gaviti

Investors use this as a measurement to gauge whether or not your company is being run efficiently and can generate cash quickly and take advantage of the right investment opportunities as they present themselves. Then, design an invoice that includes only this information in a way clients find easy to follow and understand.

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7 Strategies to Reduce DSO and Enhance Cash Flow

Gaviti

Offering discounts or other rewards for early payments and ensuring that communication with the customer is as clear as possible are also an effective way to encourage customers to pay their invoices before they become overdue. Disputes and deductions. Cash application. Customize the payment terms for each client.

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Autonomous Finance – The Future Of The Corporate Finance Office

Emagia

Intelligent forecasting and budgeting supported by automation tools can present unbiased insight into actionable items to help improve the top line, bottom line, and cash flow. By adopting emerging technologies like AI, ML, and Automation, such time-consuming and mundane tasks can be automated.

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How to Reduce Collection Calls With A/R Automation Software

Gaviti

Aggregating data from collections calls is challenging and doesn’t offer a holistic view into the customer’s present financial situation. Having a more efficient process helps to reduce the costs of manually sending invoices, detect discrepancies or issues with invoices in advance, and minimize outstanding debt.

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Best Outsource Debt Collection Services for 2024

Gaviti

Collecting debt presents challenges in complying with various regulations, not to mention cultural and language barriers. This ebook will help you understand the common and not-so-common components accounts receivable software as defined by the Gartner recommended core solutions of integrated invoice-to-cash (I2C) applications.

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How AR Software Automation Mitigates Outsourcing Challenges

Gaviti

The same challenge presents itself with outsourced teams, however, who typically hire additional staff to scale the collections process. More advanced A/R invoice-to-cash solutions integrate with both single and multiple ERPs to consolidate A/R data into a single centralized place. Dispute and Deductions Management.

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Disputes in Account Receivables: Process & Resolution

Gaviti

Disputes within account receivables can lead to delayed payments, strained customer relationships and unforeseen cash flow problems. In many cases, they lead to deductions, so your A/R team needs a process that supports deductions as well. What Is Invoice Dispute Management? A more efficient use of time and resources.