Chaser

APRIL 30, 2024

Although you may do your best to stay on top of invoicing and billing, outstanding accounts receivables ultimately hinder your profitability. Late payments are one of the biggest challenges to steady cash flow and predictable revenue for businesses.

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Chaser

DECEMBER 11, 2023

A manual accounts receivable system is tedious and outdated. By contrast, the benefits of accounts receivable automation are considerable. A customised, automated accounts receivable automation system will assist with two things: Maybe it's time to step up your systems and go digital.

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Chaser

APRIL 16, 2024

This is particularly true when it comes to managing aged receivables. Finance professionals and accountants play a significant role in maintaining healthy aged receivables (AR). Efficient financial management is essential to succeeding in today's competitive business environment.

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Chaser

APRIL 11, 2024

Accounts receivable is a key component for every business, but not all have the resources or patience to manage the process smoothly. Those looking to save time while cutting ahead of its competitors are turning to accounts receivable automation. And it's no surprise, given the game-changing benefits it brings to financial processes.

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AR Automation 52

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 Credit Management 130

RMAi Blog

MARCH 20, 2023

ELK GROVE, CA – Superlative RM , a collection agency located in Elk Grove, CA and Phoenix, AZ, is honored to announce its receipt of the 2022 Tier 1 Top Agency Award from Cascade365 — a family of companies that provide accounts receivable liquidity solutions to the consumer finance and healthcare industries.

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Third Party Collections 130

Chaser

OCTOBER 16, 2023

At the risk of sounding like a broken record ( we've covered this a few times ), the key to staying on top of your accounts receivables, implementing good credit control, and getting paid on time, is good administration. Once you have a usable template, tracking your accounts in a consistent manner is simple.

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Bad Debt 98

Your Virtual Credit Manager

SEPTEMBER 26, 2023

Your accounts receivable (AR) and cash balances as of December 31, 2023, are very important numbers. If you fail to do so, you probably won’t be able to collect the bulk of any remaining outstanding receivables until January. Starting next week, free subscribers will only receive the introductory section of our weekly articles.

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Credit and Collections Accounts Receivable (AR) Deductions Collector 147

RMAi Blog

FEBRUARY 9, 2023

February 9, 2023 (Sacramento, CA)  – Members of Receivables Management Association International (RMAI) elected Officers and Directors to its Board for 2023. Roskam, Acctcorp International, Inc/Accounts Receivable, Inc., Roskam of Acctcorp International, Inc/Accounts Receivable, Inc., LLC, Director Andrew J. a collection agency.

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Law Firms Credit and Collections Debt Collections 130

FundThrough

MAY 3, 2024

What is Accounts Receivable Financing? Accounts receivable financing (another term for invoice factoring) is a financing approach where businesses sell their outstanding invoices to a financing company at a discount.

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Transactions 52

Plooto

FEBRUARY 15, 2024

What is accounts receivable and accounts payable? Find out why having good control over both is crucial for your business to have a smooth cash flow.

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Your Virtual Credit Manager

SEPTEMBER 27, 2022

Photo by LinkedIn Sales Solutions on Unsplash When your Quotations do not address all of the key elements of a business “deal,” or when they do not agree with the details laid out in your customer’s Purchase Order (PO), Quotations can be at the root of many of your Accounts Receivable (AR) ills.

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Accounts Receivable (AR) 130

Chaser

OCTOBER 16, 2023

These outstanding amounts in business are known as Accounts Receivable. Does your accounts receivable process need an overhaul? Chaser's experts have collated the not-so-secret information on what smart companies do to manage their accounts receivables process. Do you have one that works for you?

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Bad Debt Small Businesses Debt Collections 98

FundThrough

MAY 8, 2024

For companies facing the challenge of maintaining a robust cash flow, deciding on the right lending partner and/or financial solution is key. […] The post How to Choose Between Accounts Receivable Factoring and Financing: Key Considerations appeared first on FundThrough.

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Small Businesses 52

Chaser

JULY 21, 2023

In an increasingly data-driven business landscape, tracking the right KPIs for your accounts receivable team's performance is an essential assignment that will ultimately influence your bottom line. What are accounts receivables KPIs?

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RMAi Blog

FEBRUARY 8, 2023

February 8, 2023 (Sacramento, CA)  – The Receivables Management Association International celebrated its 26 th Annual Conference in Las Vegas, February 6-9, 2023. RMAI took the opportunity to present its annual awards, recognizing leaders in the receivables management industry.

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Law Firms Small Businesses 130

SAP Credit Management

DECEMBER 29, 2022

Summary : In my previous blog I have covered, how to process/save pdf documents (can have multiple) which are received in e-mail into SAP. Convert Hex data into Xstring CALL METHOD cl_bcs_convert=>xtab_to_xstring EXPORTING it_xtab = iv_body_part_content-cont_hex RECEIVING rv_xstring = DATA(lv_xstring). CATCH cx_bcs.

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Bectran

AUGUST 23, 2023

Managing your accounts receivable process is a pivotal aspect of maintaining a healthy financial ecosystem for your business. In the pursuit of effective cash flow management, embracing modern solutions becomes paramount. Traditional methods of managing payments can often be time-consuming, error-prone and costly.

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Plooto

MARCH 28, 2024

The accounts receivable turnover ratio can be a helpful metric in determining the efficiency of your accounts receivable (AR) processes. The AR turnover ratio measures the number of times debts are collected from customers over a specified period.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Chaser

MARCH 20, 2024

In the intricate blueprint of business finance, accounts receivable is as crucial as it is complex. If the receivables process oscillates, it can lead to a downward spiral, affecting cash flow , profitability, and even the longevity of a business. It’s the cycle that keeps the wheels turning in an economic engine.

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Gaviti

MARCH 4, 2024

Businesses often rely on cash flow that they haven’t yet received. Once an invoice hits accounts receivable (A/R), it enters what’s called the average collection period. Other common names include “days sales in accounts receivable,” “average receivables collection period,” or “ days sales outstanding (DSO).”

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DSO Credit and Collections Days Sales Outstanding Credit Sales 52

Enterprise Recovery

SEPTEMBER 15, 2023

Did you know that by optimizing your accounts receivable workflow, your cash flow can be boosted? How to streamline your accounts receivable workflow. Streamlining your processes and utilizing technology helps with faster payment cycles, fewer mistakes, and improved financial forecasting.

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Debt Collections 85

RMAi Blog

MARCH 1, 2023

March 1, 2023: Receivables Management Association International (RMAI) is pleased to launch another new educational resource for the accounts receivables management industry, An Overview of Bankruptcy for the Accounts Receivables Management Industry. More information about RMAI is available at www.rmaintl.org.

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Bankruptcy 130

Your Virtual Credit Manager

OCTOBER 3, 2023

There is another bad debt threat to your Accounts Receivable (AR) asset, however that could prove devastating. It should also facilitate maximizing revenue from customers with a higher degree of credit risk. Because it focuses effort where needed, it can be quite efficient as well as effective.

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

Plooto

APRIL 10, 2024

Accounts receivable is a term used in accounting to describe the money a company is owed by its customers for goods or services provided. Learn more and how it is recorded on a balance sheet.

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Chaser

FEBRUARY 19, 2024

In the context of receivables management , data analytics provides powerful tools that can help businesses gain deeper insights into their cash flow and optimize their collection processes. Data analytics has been gaining significant traction in recent years as companies across industries start to rely more on data-driven decision-making.

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Chaser

FEBRUARY 27, 2024

Effective receivables management is a core function of any successful business, allowing for efficient cash flow and liquidity management. The importance of effective receivables management cannot be overstated, as it directly impacts a company's cash flow, profitability, and overall financial health.

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Enterprise Recovery

FEBRUARY 8, 2024

Accounts receivable is an essential aspect of any business's financial management. Read further to gain a better understanding of how accounts receivable management can significantly improve your cash flow. By allowing your business clients to defer payment, your company can attract more clients and increase sales.

Debt Collections 52

Debt Collections 52

SAP Credit Management

JULY 7, 2023

With accurate business roles filled out for each of your network accounts, we at SAP can ensure that the right people from your organization are receiving the right type of content to get the most out of your SAP Business Network experience, especially for your marketing or sales lead. Why should you do this?

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Gaviti

MARCH 3, 2024

Many of these organizations focus on implementing RPA in the financial and accounts receivable department, where employees are burdened with repetitive manual tasks. What is Robotic Process Automation (RPA) in Accounts Receivable? Benefits of accounts receivable automation include: It’s more efficient. It costs less.

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DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

RMAi Blog

DECEMBER 14, 2022

Chief Information Officer, received recognition from the CIO Professional Network as one if its 2022 Distinguished Members. The post Vertican CIO Receives Recognition from the CIO Professional Network appeared first on Receivables Management Association International. Visit www.vertican.com to learn more.

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Enterprise Recovery

APRIL 28, 2023

Listed as an asset on financial statements such as the balance sheet , accounts receivable is an important resource to your business. Does your business use an accounts receivable policy? It's considered an asset because it can be converted to cash if collected within the payment terms set in your client contracts.

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Eagle Business Credit

NOVEMBER 2, 2023

Ensuring fast and flexible funding , however, should be at the very top of your company priority list — that’s where accounts receivable financing comes into play. Why Choose Accounts Receivable Financing? Accounts receivable funding is an important component to business growth.

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Small Businesses 98

RMAi Blog

APRIL 4, 2023

For more information, visit www.zenarate.com The post Zenarate AI Simulation Training Receives 2023 Customer Value Leadership Award from Frost & Sullivan appeared first on Receivables Management Association International.

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Chaser

AUGUST 20, 2023

If you're running a small business but spend every month stressing about your cash flow, then it's probably time to reassess your accounts receivable policy. You're free to focus on your real business goals by taking away the administrative hassle of accounts receivables. Let's take a look at how you can do this.

Small Businesses 98

Small Businesses 98

Gaviti

DECEMBER 20, 2022

This is why so many companies now look to accounts receivable integration and other similar options to break down information barriers. What Is ERP and Accounts Receivable Automation Integration? When integrating your ERP and accounts receivable systems, ensure all stakeholders are on-board with the process.

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Days Sales Outstanding Credit and Collections Transactions 98

Chaser

OCTOBER 26, 2023

This is where effective credit management strategies come into play, as they can help businesses navigate this balancing act and ensure that their receivables are protected. To understand how to effectively extend credit without risking receivables, this guide will cover the following topics:

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Credit Management 59