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Are Your Customers as Profitable as You Think?

Your Virtual Credit Manager

it just might help them pay you sooner! Subscribe now Optimizing Deductions Processing Deductions (aka short pays or chargebacks) are taken when the customer believes the order was not fulfilled or billed properly. Remove the valid deductions from your AR ledger with minimal effort.

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Are Your Profits Going Up in Smoke?

Your Virtual Credit Manager

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.

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5 Tips for an Automated Cash Application Process

Gaviti

Automation eliminates human errors, significantly decreasing the number of disputes and deductions, payment delays due to miscommunication, and mistakes made by overworked or distracted employees. It is more accurate. It is more efficient. Create customized workflows. Track and report A/R performance metrics.