Your Virtual Credit Manager

NOVEMBER 28, 2023

Payments to all your other suppliers can be a bit of a challenge if you don’t have an automated Accounts Payable (AP) operation. The primary source of cash inflows for most firms are the receipts from payments of open customer invoices - i.e., your Accounts Receivable (AR). This is the inflow most difficult to forecast.

Cash Forecasting 130

Cash Forecasting Credit and Collections Accounts Receivable (AR) Invoice Disputes 130

Gaviti

JANUARY 2, 2024

Cash flow metrics are the standards by which CFOs measure cash flow health and accounts receivable performance. They are used in nearly every financial function, including accounts receivable, payable, cash flow reporting, and more. Current Accounts Receivable (CAR) CAR is our primary cash flow KPI for accounts receivable.

Collection Effectiveness Index 52

Collection Effectiveness Index Average Days Delinquent DSO Days Sales Outstanding 52

The Corcentric Blog

MAY 22, 2023

For many companies, effective and efficient accounts payable automation software can be the difference between success and decline. Even in businesses with existing accounts payable automation software, financial executives may find it beneficial to evaluate their current practices with an eye towards improvement.

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lsq

MARCH 1, 2023

(March 7, 2023) – LSQ , a leading provider of working capital and payments management solutions, recently originated an $8 million credit facility for a Texas-based paint and paint products manufacturer and distributor. The post Paint Manufacturer Turns to LSQ to Manage Seasonality first appeared on LSQ.

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Credit and Collections Bankruptcy Credit Management 98

Your Virtual Credit Manager

MARCH 12, 2024

It’s critical you identify inefficiencies by analyzing cash conversion cycles, accounts receivable cycles, credit risk profiles, and payment histories. Are there past due accounts you are trying to collect? The experts at Your Virtual Credit Manager can help you bring in the cash.

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AR Transformation Credit and Collections Accounts Receivable (AR) Order to Cash 100

lsq

JUNE 26, 2023

Most portfolio companies face an accounts receivable and an accounts payable timing mismatch : long payment terms on their receivables and much shorter terms on the payables side. This situation leads to a cash-flow crunch and a strong need to better manage working capital.

Days Sales Outstanding 52

Days Sales Outstanding 52

Gaviti

MAY 9, 2023

We are thrilled to announce the launch of our latest addition to the Gaviti accounts receivable collections platform: the Credit Management Module! Optimize your credit management strategy, leading to higher customer satisfaction and retention. Contact your customer success manager to learn more on how to join this group.

Credit and Collections 98

Credit and Collections Credit Management Dashboards Payment Portals 98

Eagle Business Credit

MAY 2, 2024

Working capital management plays a pivotal role in ensuring the financial health and success of a company. At Eagle Business Credit, we understand that effective management of working capital not only improves liquidity but also enhances a firm’s overall profitability and performance.

Days Sales Outstanding 52

Days Sales Outstanding Credit and Collections Bad Debt DSO 52

Lockstep

DECEMBER 15, 2022

Seattle, WA – (December 14, 2022) – Lockstep , the connected accounting network, announced that its software, the award-winning Lockstep Receivables has been validated to work with the latest upgrades and updates of Acumatica, 2022 R2 and R1.

Accounts Receivable (AR) 75

Accounts Receivable (AR) DSO 75

Emagia

NOVEMBER 28, 2023

The terms autonomous and automated or automation increasingly have been used in the landscape of financial management – oftentimes interchangeably. More than 80% of new finance roles by 2025 will extend beyond traditional accounting underscores the transformative trajectory, according to research by Gartner.

Accounts Receivable (AR) 64

Accounts Receivable (AR) Bad Debt Order to Cash 64

SAP Credit Management

AUGUST 17, 2023

In this case, I am using payable version of Datasphere and BW Bridge. Click the Activate Account button to connect to the server and set your password. To logon to the SAP BW Bridge Cockpit: From left side navigation Space Management. Choose left side navigation Space Management, if not added your user to BW Bridge space.

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Your Virtual Credit Manager

MAY 9, 2023

A StrategicCFO360 survey from November 2022 of senior finance managers revealed they expect 42% of customers to have reduced liquidity and 43% will pay suppliers late. The major source of cash inflows for most firms are the receipts from payments of open invoices - i.e., your Accounts Receivable (AR).

Cash Forecasting 130

Cash Forecasting Accounts Receivable (AR) Invoice Disputes Credit and Collections 130

NorthOne

MAY 2, 2023

This is where effective invoice management comes in. Invoice management is receiving, validating, paying, and recording vendor invoices. What is invoice management? Effective invoice management is critical for maintaining accurate financial records and promptly paying vendors. It’s also known as invoice processing.)

Credit Card Payments 52

Credit Card Payments Small Businesses 52

Gaviti

DECEMBER 12, 2023

Accounts payable teams also refer to this as the net operating cash cycle or just “the cash cycle.” When businesses waste resources and the accounts receivable departments drag their feet on securing payments, they tend to experience longer cash conversion cycles. This could drastically reduce processing and payment times.

Credit and Collections 98

Credit and Collections Invoice to Cash Deductions Cash Applicator 98

Emagia

MAY 1, 2024

“The time has come to take advantage of it in terms of how we do things and how we might be able to do things better,” says David Schmidt, Managing Director at A2 Resources and former longtime contributor with Credit Today. Routing of emails can also be managed by AI.

Order to Cash 52

Order to Cash Cash Forecasting Credit and Collections Shared Service Center 52

Gaviti

JANUARY 7, 2024

You may have already started to enjoy the benefits of using an ERP for its ability to facilitate processes related to your supply chain, inventory management and shipping and distribution. It also connects different data across different departments within your company, from accounting to sales, logistics and inventory and human resources.

Invoice to Cash 52

Invoice to Cash Credit and Collections Collector Deductions 52

TreviPay

OCTOBER 18, 2023

TreviPay’s composable technology platform enables banks around the world to deliver automated accounts receivable, underwriting and trade credit management solutions to their large commercial clients. It’s one of the tricky aspects of managing A/R: no two banks, no two clients or no two industries act the same way.

Credit and Collections 59

Credit and Collections DSO Credit Management Transactions 59

SAP Credit Management

JULY 27, 2023

Take a look at my video below to get a first glimpse into what the SAP S/4HANA Cloud, public edition 2308 release offers for the intelligent enterprise: Collaboration In the last release, I introduced you to our SAP Collaboration Manager. Using SAP Collaboration Manager, they create a chat and invite their co-workers to collaborate.

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Emagia

MAY 25, 2023

It serves as a key indicator of a company’s operational efficiency and liquidity management. The CCC considered the time required for the company to vend its inventory, gather accounts receivable, and settle its accounts payable. All companies may not have similar inventory management requirements.

DSO 52

DSO Days Sales Outstanding Brokerages Order to Cash 52

Due

DECEMBER 16, 2023

Utilize Simpler Accounting Methods There is small business accounting, and then there’s small business accounting. In other words, there are different accounting methods that you can use to manage your finances as a small business leader, and each option comes with varying levels of complexity.

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Small Businesses Transactions 98

lsq

MARCH 15, 2023

He started his career in accounts payable at IBM. From there, he spent nearly a decade at American Express selling B2B payment solutions, and then at several fintechs and treasury management companies doing working capital management – predominantly AP automation and finance. LSQ is headquartered in Orlando, Florida.

Credit and Collections 52

Credit and Collections 52

The Corcentric Blog

JUNE 27, 2023

Accounts Receivable automation has been increasingly adopted by businesses as a way to streamline their financial processes and optimise their cash flow. Many similar technologies are already in use for accounts payable (AP) departments, such as algorithms and AI to automate the processing of invoices received.

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AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 52

NorthOne

MAY 2, 2023

Some accounts payable (AP) departments have struggled with manual, paper-based accounting processes that limit visibility and increase the risk of fraud. Automating your accounts payable can be a valuable tool for small businesses looking to streamline their accounting processes and improve their financial management.

Transactions 52

Transactions Dashboards Small Businesses 52

Your Virtual Credit Manager

MAY 30, 2023

To make the best of this bad situation often requires billers to use multiple Payment Rails to capture their customers’ payments and get the funds in their bank account. Are you processing online payments via an eCommerce platform or are you accepting phone orders with a virtual terminal?

Electronic Funds Transfer 130

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

Gaviti

MAY 9, 2023

We are thrilled to announce the launch of our latest addition to the Gaviti accounts receivable collections platform: the Credit Management Module! Optimize your credit management strategy, leading to higher customer satisfaction and retention. Contact your customer success manager to learn more on how to join this group.

Credit and Collections 52

Credit and Collections Credit Management Dashboards Payment Portals 52

The Esker Blog

FEBRUARY 20, 2023

Providing companies across the globe with a solution that helps them better manage spending and financials is the reason why we go to work in the morning. What makes us truly ecstatic, though, is the fact that 97% of our customers reviewing us on Gartner’s Peer Insight platform would recommend Esker.

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apruve

AUGUST 15, 2022

This Accounts Payable (AP) function is essential for helping businesses manage budgets and cash flow to optimize enterprise spending and investing. More than half (57%) of accounting and financial professionals say their biggest AP challenge this year is the slow pace of invoice approvals. What is Invoice Processing?

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Lockstep

JULY 13, 2022

One of our most popular recent additions to the free shared inbox platform is our pre-populated templates. Since its launch, Lockstep Inbox has added 12 new accounts receivable (AR) templates and 12 new accounts payable (AP) templates, respectively. About Lockstep Inbox.

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AR Aging Accounts Receivable (AR) Transactions 74

Emagia

DECEMBER 12, 2023

Until recently, finance teams managing cash flow have relied on manual processes that suffer from a lack of accuracy and inability to adapt quickly to changing market dynamics, making accounts receivable (AR) and accounts payable (AP) management challenging for the respective managers.

Cash Forecasting 52

Cash Forecasting Accounts Receivable (AR) Bad Debt Credit and Collections 52

Gaviti

JANUARY 16, 2023

It’s also important to take into account other factors that may impact your customers’ workload and availability. There are several options for how to handle these situations: Use the out of office message to escalate the issue to your customer’s manager. Tip #4 – Measure Your Email Open Rate.

DSO 98

DSO Days Sales Outstanding Payment Portals 98

Onguard

DECEMBER 6, 2022

Discover which solutions Visma | Onguard offers for your accounts receivable department. Do you want your company’s accounts receivable management to be better prepared for the future? Read here what Visma | Onguard has to offer in terms of digital accounts receivable solutions. . The image of accounts receivable.

AR Automation 52

AR Automation Credit and Collections Order to Cash Debt Collections 52

apruve

OCTOBER 5, 2022

Technology is revolutionizing business payments and trade credit management. If you’re a large business looking for better ways to manage trade credit , you might be wondering: How does trade credit work today? Lack of data or credit management experience that exposes the company to higher default risk. Trade Credit.

Credit and Collections 52

Credit and Collections Days Sales Outstanding DSO Default 52

lsq

DECEMBER 6, 2022

Hybrid credit facility includes both AR and AP finance and management. Flex Terms, when combined with the structure of the accounts receivable finance facility, offers the company the utmost control and flexibility to manage their working capital across inventory, payables, and receivables. ORLANDO, Fla.

Credit and Collections 52

Credit and Collections 52

lsq

DECEMBER 6, 2022

Hybrid credit facility includes both AR and AP finance and management. Pay Later, when combined with the structure of the accounts receivable finance facility, offers the company the utmost control and flexibility to manage their working capital across inventory, payables, and receivables. ORLANDO, Fla.

Credit and Collections 52

Credit and Collections 52

Due

APRIL 24, 2023

From giant corporations to solopreneurs, every enterprise uses accounting. It’s important for businesses to consider ways they can improve accounting practices, as this vital piece of business administration takes into account all of a company’s financial transactions. Accounting is an essential aspect of running a company.

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Transactions 69

tillful

MAY 12, 2023

If this is the case, then consider finding a lender that extends funding based on bank information or accounts receivable instead of credit. Payability , Shopify , and Giggle Finance are all examples. Some things of value that can be put up as collateral include company equipment, vehicles and accounts receivable.

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Credit Scoring Credit and Collections Small Businesses Default 98

lsq

NOVEMBER 2, 2022

Through the program, suppliers will have the ability to receive early payment for invoices to Rochester through, the best-in-class working capital finance and payments platform. I know they will take what they have learned and work to make their program as successful as it can be for themselves and their suppliers.”.

Credit and Collections 52

Credit and Collections 52