RMAi Blog

MARCH 31, 2023

Fairfield, NJ – Vertican Technologies , a global leader in the legal collection software industry, is proud to announce it has invested in Greentree Legal (GTL) in another milestone of Vertican’s plan to provide the collection industry with the tools it needs to become more efficient, compliant, and profitable.

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Credit and Collections Transactions 130

Your Virtual Credit Manager

JANUARY 3, 2023

Likewise, cleaning out the clutter that’s accumulated in your AR Ledger will make your AR portfolio “easier” to manage. We trust you will find these articles valuable and wish you a prosperous 2023. Does You AR Portfolio Need Spring Cleaning? For more on the importance of periodic credit reviews, click here.

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AR Automation Collector Credit and Collections Bad Debt 130

Eagle Business Credit

OCTOBER 12, 2023

Many small business owners have been turning to accounting software for their bookkeeping needs. Software can be used with or without an accounting department, depending on how lean your business is. What Are the Benefits of Accounting Software? What Are the Benefits of Accounting Software?

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Small Businesses Dashboards Credit Management 98

SAP Credit Management

SEPTEMBER 15, 2023

Low-code and no-code tools can make it easy to skip important safeguarding procedures during production, which can lead to errors and security risks ”. It has been very positively welcomed, and I would like to share with you my thoughts on a prominent topic for our customers: the governance of low-code/no-code projects.

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SAP Credit Management

JULY 21, 2023

An introduction to Tricentis Test Automation for SAP Cloud ALM (TTA for Cloud ALM) SAP Partnership with Tricentis Tricentis, a renowned testing software provider with a global customer base, has joined forces with SAP to deliver Tricentis test Automation for SAP Cloud ALM. SAP Cloud ALM and Tricentis Test Automation: The Why?

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Accounting Department

MARCH 28, 2024

However, managing tasks like invoicing, payroll management, and financial reporting can be time-consuming and complex, diverting valuable resources from core operations. Streamlined Invoicing Invoicing is a crucial aspect of financial management, but it can be a tedious and time-consuming task.

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Transactions 86

Lockstep

NOVEMBER 8, 2022

Seattle, WA – – Lockstep , the award-winning accounting automation pioneer, today announced it has partnered with SYSPRO to grow the connected accounting network. Lockstep will provide SYSPRO’s North American customers access to award-winning accounts receivable (AR) automation software, Lockstep® Receivables.

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AR Automation Accounts Receivable (AR) Automated Cash Application Credit and Collections 120

SAP Credit Management

JULY 27, 2023

So let me share a few productive examples from our customers and partners that I like. EY won an SAP Innovation Award with this application, read more details in their pitch deck and in this article from Axel Janz , Global Head of SAP Products and Innovations at EY.

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Transactions 153

Your Virtual Credit Manager

FEBRUARY 13, 2024

The good news is that there are a number of actions you can take to reduce your loss exposure and shore up your accounts receivable (AR). The good news is that there are a number of actions you can take to reduce your loss exposure and shore up your accounts receivable (AR). Historically, business failures increase after a recession.

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Bankruptcy Credit and Collections Bad Debt Accounts Receivable (AR) 130

SAP Credit Management

AUGUST 23, 2023

With SAP S/4HANA Cloud, Public Edition at the heart of the digital getaway, we can equip your institution – no matter its size – with software as a service designed to continuously embrace innovation in line with the swift pace of change. Here are some examples: The capability to automate business processes using machine learning.

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Default Transactions 137

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. It’s critical you identify inefficiencies by analyzing cash conversion cycles, accounts receivable cycles, credit risk profiles, and payment histories.

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

Lendio

APRIL 30, 2024

Small businesses are finding innovative ways to harness AI’s abilities, from streamlining marketing efforts and enhancing customer communication to optimizing inventory management. Robotic Process Automation (RPA) RPA automates mundane tasks with precision, improving efficiency across sectors. You can thank AI for that.

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Small Businesses Credit Card Companies Transactions 59

Your Virtual Credit Manager

FEBRUARY 7, 2023

Such a process also brings more certainty to the accounts receivable (AR) asset. But as business managers from different industries, we shared a pretty huge common problem - never knowing when our clients would pay us for the service we provided them. What if your business sends out 50 or 100 invoices a month?

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AR Automation Accounts Receivable (AR) Credit and Collections Bad Debt 130

Your Virtual Credit Manager

DECEMBER 5, 2023

This misguided search for a singular understanding applies to many things, including collecting Accounts Receivable (AR). Likewise, customers who exhibit more Credit Risk should receive more and earlier attention than customers who have a lower Credit Risk profile. Treating them all the same is a sure path to mediocre results.

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Credit and Collections Accounts Receivable (AR) Third Party Collections Credit Risk 130

Your Virtual Credit Manager

OCTOBER 25, 2022

Remittance Processing (also know as Cash Application or Cash Posting) is the process of recording customer payments and applying them to the corresponding open invoices (not yet paid) in the accounts receivable ledger. Customers subsequently received collection calls on invoices they had previously paid. Who would’ve thought?

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

Your Virtual Credit Manager

DECEMBER 12, 2023

Photo by Ramiro Mendes on Unsplash ) A growing number of businesses use the recurring revenue model, including software-as-a-Service (SaaS) and streaming services as well as outsourcing solutions. If your firm provides products or services on a repetitive basis, it is prudent to work out a formula to turn that business into recurring revenue.

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Days Sales Outstanding DSO Credit Management Small Businesses 130

SAP Credit Management

SEPTEMBER 12, 2023

The Value of Metadata in Integration We live in a world where companies rely more and more on being able to make data-driven decisions, use data and information as competitive advantage and leverage AI and automation to increase their efficiency. Data also becomes much more valuable if it is connected and integrated well.

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Your Virtual Credit Manager

SEPTEMBER 13, 2022

They occur because a customer does not receive your product or service as ordered, or feels the invoice is incorrect. Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo. it just might help them pay you sooner!

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Deductions Credit and Collections DSO Accounts Receivable (AR) 130

SAP Credit Management

JANUARY 25, 2023

Organizations in every industry must be able to transform their data into actionable insight giving organizations the advantage of automating a variety of manual processes involving data and decision making. Automating purchase orders – More and more companies have been automating purchase orders using AI for quite some time.

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Gaviti

MARCH 3, 2024

A recent survey from Intelligent Automation reports that while 42% of organizations have embraced robotic process automation (RPA), the remaining 58% plan to implement it in the upcoming year. What is Robotic Process Automation (RPA) in Accounts Receivable?

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DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

SAP Credit Management

SEPTEMBER 12, 2023

link] To receive this content in your inbox, please subscribe to receive the SAP Fiori development newsletter. link] Navigating UI5 version updates: this UI5 app automates the process When updating UI5 versions, developers often face the challenge of determining what changes have taken place. It must be fall.

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Grit

APRIL 24, 2024

As your business grows, managing orders on BigCommerce can quickly become overwhelming. However, there are simple tips and tricks to streamline your BigCommerce order management process. Choose the method that fits your business – automatic capture works well if you don’t produce products in-house.

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Gaviti

APRIL 24, 2023

Effective accounts receivable management is one of the most critical aspects of boosting steady cash flow for your business. Even so, there are some typical accounts receivable management problems and solutions most businesses should review. The AR team must identify problems and seek long-term solutions.

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Credit and Collections Bad Debt 95

Due

NOVEMBER 26, 2023

If you’re a budding small business owner or entrepreneur seeking to hone your financial expertise, dedicating time to perfecting cash flow management early on is vital to solidify foundations and ensure continued success. Practicing cash flow management is about more than knowing your present financial circumstances.

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Transactions Small Businesses 105

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. . Collections, payment, and invoicing software can reduce the time for preparation and follow-up.

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Collenda

APRIL 18, 2024

Aryza and Dot d igital Forge Strategic Alliance to Revolutionise Customer Experience in Credit and Debt Management Aryza Group announces its strategic partnership with Dotdigital, an all-in-one customer experience and data platform. This partnership enhances customer experience when they access credit and debt solutions.

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Gaviti

OCTOBER 23, 2023

In addition, the company boasts a customer retention rate of 95%. Gaviti partners with CreditSafe as part of its Credit Application module, which facilitates the A/R credit management process for companies. One possibility is by running a business credit score and report on new customers. What is a Business Credit Score and Report?

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Credit Scoring Credit and Collections Credit Application Bankruptcy 97

Your Virtual Credit Manager

MAY 30, 2023

Subscribe now The Challenge of Receiving Electronic Payments In terms of payments, for the most part we are talking about ACH debits and credits, credit cards, wires (Fedwire or SWIFT), EDI (electronic data interchange) and e-checks, which all come under the umbrella of Electronic Funds Transfer (EFT).

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

Gaviti

APRIL 3, 2024

Accounting operations managers use DSO to calculate the general ability of a company to collect invoices on time for a specific period (e.g. DSO Formula The formula for DSO is: (Outstanding Receivables / Total Sales) x Number of Days = DSO For example, a shoe manufacturing company would like to calculate its DSO for the quarter.

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DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

Your Virtual Credit Manager

AUGUST 15, 2023

Photo by Berkeley Communications on Unsplash In all probability, your accounts receivable (AR) portfolio conforms to the 80/20 rule. Pareto’s theorem stipulates that 80 percent of your receivables are concetrated in only 20 percent fo your accounts and vice versa.

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Credit and Collections Accounts Receivable (AR) Credit Management Small Businesses 130

Gaviti

MARCH 21, 2023

Proper accounts receivable management is vital if you want to operate a healthy business. While it may not be the most exciting part of your business, good accounts receivable (A/R) practices will make your other business operations much smoother. Do you need help overcoming accounts receivable challenges in your company?

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Payment Portals DSO Alternative Payment Methods Dashboards 78

Your Virtual Credit Manager

MARCH 5, 2024

The experts at Your Virtual Credit Manager can help you bring in the cash. However, many Accounts Payable (AP) staffers prefer emails because they can address them as their schedule permits and avoid a productivity-decreasing interruption. There are obvious differences between verbal and written communications, but also similarities.

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

Waystar

JANUARY 30, 2024

And doing it right can have positive implications on other top priorities, like cost management, labor productivity, and the well-being of your workforce. If they receive surprise bills months later, it can lead to feelings of dissatisfaction with the provider. And why are they still getting bills six months after the visit?

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Deductions 52

Emagia

JULY 3, 2023

By automating and improving the process of matching incoming payments with open invoices, automated cash application software has completely changed how firms handle their cash flow. What is Cash Application Software? Short payments should be automatically identified and analyzed.

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Automated Cash Application Cash Applicator Days Sales Outstanding AR Automation 52

Onguard

MARCH 1, 2024

They get money in return for providing products or services to their customers. The money is then used to further invest in making better products or providing more comprehensive services and to expand their client base. But what happens if customers pay late or not at all for the goods and services they received?

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DSO Order to Cash Credit Management 52

Grit

OCTOBER 10, 2023

The growing demand for automation web in eCommerce shops has paved the way for transformative advancements in web automation tools. Automation empowers businesses to automate various web activities, saving time, minimizing errors, and optimizing their online selling ventures.

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Lockstep

DECEMBER 15, 2022

The Lockstep Receivables application is recognized as an “Acumatica-Certified Application” for 2022 updates. With this validation, Lockstep Receivables continues to be recognized as an Acumatica-Certified Application (ACA). About Lockstep: Lockstep is a connected accounting network that automates accounting workflows between companies.

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