Chaser

SEPTEMBER 15, 2023

The situation is also getting worse, with data from 2022 showing that late payment rates had increased by 25% compared to the year before. Technology plays an integral role in accounts receivable (AR) processes and has the potential to significantly decrease the amount of time spent chasing overdue payments.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Your Virtual Credit Manager

APRIL 9, 2024

There has always been a strong correlation between the cost of funds and accounts receivable (AR) management. Any delays in receiving payments from customers can, therefore, have a more pronounced effect on a company's bottom line profits.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Credit Card Payments Default 130

The Esker Blog

DECEMBER 29, 2022

In Part 1 of the Rethinking Receivables blog series, we highlighted four strategies that all finance leaders should prioritize in 2023 in order to maintain a healthy cashflow and resilient business model. Why AR automation? Be sure to read Esker’s latest white paper, Rethinking Receivables to learn more. * Accenture.

AR Automation 98

AR Automation Accounts Receivable (AR) Cash Forecasting Credit and Collections 98

ForwardAI

JANUARY 24, 2024

The new Accounts Payable (AP) automation will allow small businesses in the U.S. “Traditional bill payment methods are outdated, and businesses today require innovative solutions to handle increasing challenges when making ends meet. .”

Accounts Receivable (AR) 52

Accounts Receivable (AR) Accounting Firms Small Businesses 52

Your Virtual Credit Manager

FEBRUARY 28, 2023

However, at this point in time there are other factors in play that favor the use of discounts to encourage earlier payment by your customers. It will reduce your Accounts Receivable (AR) balance and the associated elevated credit risk inherent in a larger AR.

Bad Debt 130

Bad Debt Accounts Receivable (AR) Credit Risk Bankruptcy 130

Your Virtual Credit Manager

AUGUST 11, 2024

Commercial bankruptcies have been surging since mid-2022. Chapter 7 commercial liquidation filings are up 28 percent and sub-chapter V small business elections are up a staggering 61 percent despite the filing threshold recently being cut in half.

Sub-Chapter V 100

Sub-Chapter V Bankruptcy Credit and Collections Chapter 11 100

Your Virtual Credit Manager

MAY 9, 2023

Given today’s economy, cash forecasting is critically important in light of: Economic forces : recession fears, inflation, higher interest rates are all combining to increase the likelihood of a substantial number of your customers paying you late, not in full, or not at all. These are the expected receipts for each period you forecast.

Cash Forecasting 130

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

Lendio

JANUARY 13, 2023

What Is AR Factoring? In Accounts Receivable (AR) factoring, you sell your AR to a factoring company, which then collects from your customers. You get a percentage of your receivables up front and the balance (minus the factoring fee) when the invoice is collected.

Accounts Receivable (AR) 98

Accounts Receivable (AR) Credit and Collections Credit Scoring Credit Unions 98

SSI Healthcare Rev Cycle Solutions

NOVEMBER 17, 2023

This proactive measure not only fortifies the billing process but also enhances financial health by accelerating cash flow by 6-10 days and reducing the days in accounts receivable (AR), ensuring a smoother and more efficient revenue cycle. Yet, within these challenges lie opportunities for significant financial gains.

Accounts Receivable (AR) 59

Accounts Receivable (AR) Medical Billing Transactions 59

Emagia

AUGUST 19, 2024

Generative AI (GenAI), a more recent evolution in artificial intelligence, is poised to redefine the Finance and Accounting (F&A) landscape, particularly in areas like Order-to-Cash (OTC) and accounts receivable (AR) management. Specifically, the AR automation sector is anticipated to expand from $3.41

Cash Applicator 52

Cash Applicator AR Automation Accounts Receivable (AR) Days Sales Outstanding 52

SSI Healthcare Rev Cycle Solutions

NOVEMBER 17, 2023

This proactive measure not only fortifies the billing process but also enhances financial health by accelerating cash flow by 6-10 days and reducing the days in accounts receivable (AR), ensuring a smoother and more efficient revenue cycle. Yet, within these challenges lie opportunities for significant financial gains.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Medical Billing Transactions 52

TreviPay

AUGUST 11, 2023

Chief financial officers (CFOs) and treasurers are also under pressure to refine and improve cash flow management practices, reduce unpaid invoice write-offs, and streamline workflows. Conventional AR processes and paper-based workflows do not suit remote work. back in 2022. In January 2022, while big banks approved 14.5%

Credit Card Payments 52

Credit Card Payments Accounts Receivable (AR) Days Sales Outstanding Transactions 52

Serrala

AUGUST 29, 2022

Bild Centralized in-house banking Build a centralized in-house banking system for Accounts Payable (AP) and Accounts Receivable (AR) to help reduce the number of external banks and accounts which helps save costs.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Transactions Dashboards Cash Applicator 52

billtrust

FEBRUARY 13, 2023

At the end of 2022, I made the decision to join Billtrust. As a CFO, I appreciate that we are focused on empowering finance leaders and their teams to face these uncertain times with confidence.

AR Automation 96

AR Automation Accounts Receivable (AR) 96

billtrust

JANUARY 11, 2023

In January of 2022, Billtrust was the overall leader in accounts receivable automation software. We were named overall leader in the G2 Grid® Report for Accounts Receivable Automation Software for Winter 2022. G2 Grid® for Accounts Receivable Automation Software. Globally connected solutions.

AR Automation 52

AR Automation Order to Cash Collector Cash Applicator 52

Lockstep

JANUARY 11, 2023

The pioneer in Connected Accounting, Lockstep allows accounts receivable (AR) and accounts payable (AP) teams to automate all their receivables and payables workflows in one place, improving productivity, cash flow, and working capital.

Accounts Receivable (AR) 10

Accounts Receivable (AR) Transactions 10

billtrust

DECEMBER 20, 2022

Finance often receives extra attention than the customer- or employee-facing systems. In a 2022 survey, Forrester Research found that 73% of organizations say growth is a top priority (up from 40% in 2021), and 71% also say improving products and/or services is at the top of their minds. That needs to change.

AR Automation 52

AR Automation Digital Lockbox Cash Applicator Collector 52

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.

AR Automation 121

AR Automation Accounts Receivable (AR) Automated Cash Application Invoice to Cash 121