Chaser

AUGUST 20, 2024

Failed transactions are a normal part of business, with data showing that around 11% of all online payments fail to complete correctly. Since failed transactions are a common part of doing business, reducing failed payments should be a priority for accounts receivables (AR) teams of all scales.

Accounts Receivable (AR) 90

Accounts Receivable (AR) Transactions 90

Your Virtual Credit Manager

FEBRUARY 27, 2024

Wen that happens accounts receivable (AR) performance also tends to suffer. Providing insights into specific risks within your accounts receivable (AR) portfolio and sharing customer interactions can further illustrate the importance of prudent credit management.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Bad Debt Days Sales Outstanding Credit and Collections 130

Emagia

MARCH 3, 2025

Introduction In today’s fast-paced business environment, finance teams are under constant pressure to streamline operations, improve cash flow, and reduce errors in accounts receivable (AR) processes. Fraud Prevention: Detects duplicate invoices and fraudulent transactions instantly.

Accounts Receivable (AR) 40

Accounts Receivable (AR) Dashboards Order to Cash Transactions 40

Emagia

DECEMBER 30, 2024

Understanding the nuances of accounts receivable (AR) in accounting is crucial for maintaining accurate financial records and ensuring effective cash flow management. The Role of Debits and Credits in Accounting In accounting, debits and credits are fundamental concepts used to record transactions.

Accounts Receivable (AR) 40

Accounts Receivable (AR) Days Sales Outstanding Credit and Collections Bad Debt 40

Emagia

FEBRUARY 20, 2025

Introduction In today’s fast-paced business environment, efficient management of accounts receivable (AR) is crucial for maintaining healthy cash flow and ensuring financial stability. Manual AR processes are often time-consuming and prone to errors, leading to delayed payments and strained customer relationships.

AR Automation 40

AR Automation AR Metrics Accounts Receivable (AR) Days Sales Outstanding 40

Emagia

FEBRUARY 21, 2025

Managing accounts receivable (AR) is crucial for maintaining a healthy cash flow and ensuring the financial stability of a business. Effective tracking of AR involves implementing clear processes, utilizing appropriate tools, and regularly monitoring key performance indicators (KPIs).

Days Sales Outstanding 40

Days Sales Outstanding DSO Bad Debt Credit and Collections 40

Lockstep

MAY 19, 2022

The world’s first ever shared inbox is designed exclusively for accounting and finance, Lockstep Inbox creates an online workspace so there’s one place for the accounting team to work together, manage shared activities, and directly connect with customers and vendors.

Accounts Receivable (AR) 114

Accounts Receivable (AR) DSO Transactions 114

Your Virtual Credit Manager

FEBRUARY 28, 2023

It will reduce your Accounts Receivable (AR) balance and the associated elevated credit risk inherent in a larger AR. Offering Prompt Payment Discounts to customers can significantly advance your cash inflow from AR and reduce overall exposure to bad debt loss.

Bad Debt 130

Bad Debt Accounts Receivable (AR) Credit Risk Bankruptcy 130

Your Virtual Credit Manager

FEBRUARY 7, 2023

Such a process also brings more certainty to the accounts receivable (AR) asset. By securing the payment mechanism that will be used during the customer onboarding process, payments are embedded in the transaction, eliminating most late payments.

AR Automation 130

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

Your Virtual Credit Manager

SEPTEMBER 10, 2024

Specifically, Credit and Collections is responsible for approving new customers for credit terms and managing orders at the beginning of the O2C cycle, while also monitoring risks within the Accounts Receivable (AR) portfolio and collecting overdue payments, both of which are post-sale activities.

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

Your Virtual Credit Manager

OCTOBER 2, 2024

Accounts Receivable (AR) reflect a promise of payment at a future date. Though a paper asset, AR competes with Property, Plant and Equipment as well as Inventory for being the largest line item on a company’s balance sheet. Click here for more details about working with Collection Agencies. Clean up the junk.

Past Due Invoices 130

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

Your Virtual Credit Manager

OCTOBER 25, 2022

The result of timely and accurate Remittance Processing is an accurate Accounts Receivable (AR) Ledger, which provides the current status of every customer’s balance owed to you. Transaction completed and closed.

Credit and Collections 130

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

Your Virtual Credit Manager

SEPTEMBER 17, 2024

They also kept very good records on their customers and their purchases, so there were no issues with transactional visibility. In addition, it is likely 40% to 50% of your customers purchase in small volumes that cumulatively only account for about 5% of your sales.

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Lockstep

JANUARY 4, 2023

If you manage accounts receivable (AR) and accounts payable (AP) for your business, you know how important it is to have a system in place to keep track of all incoming and outgoing payments. A shared accounting inbox can be a great way to do this, as it allows both AR and AP managers to see all payments in one place.

Accounts Receivable (AR) 94

Accounts Receivable (AR) Transactions 94

Chaser

MARCH 28, 2025

In the realm of business transactions, accounts receivable (AR) play a pivotal role in maintaining financial health. However, when invoices remain unpaid for extended periods, it can lead to cash flow disruptions and impede a company's ability to operate smoothly.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Transactions 52

Your Virtual Credit Manager

JULY 23, 2024

In every accounts receivable (AR) portfolio there are customers that almost always pay on time, other customers that pay within a reasonable proximity of the due date, and those that pay consistently slow. A similar option involves bringing a third-party finance company into the transaction.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Shared Service Center Small Businesses 130

Your Virtual Credit Manager

JUNE 27, 2023

No two are alike, but they do tend to fall into some common groupings. Identifying the groupings within your customer accounts receivable (AR) portfolio enables you to deal with them all more effectively and efficiently. Photo by Keren Fedida on Unsplash Each business customer presents a unique set of circumstances.

Collector 26

Collector Credit and Collections High-Risk Accounts Accounts Receivable (AR) 26

Lockstep

JULY 27, 2022

-based B2B sales are paid using customer credit, knowing how much credit to extend and to which customers is of dire importance. Customer credit has become a more popular form of payment in both B2B and consumer transactions. What are some credit policy options?

Credit Scoring 89

Credit Scoring Bad Debt Accounts Receivable (AR) AR Automation 89

Emagia

MARCH 3, 2025

The Accounts Receivable (AR) Process Cycle is a fundamental component of a company’s financial operations, encompassing the series of actions taken to manage and collect payments owed by customers for goods or services provided on credit. Electronic invoicing helps in quick delivery and tracking.

Days Sales Outstanding 40

Days Sales Outstanding DSO AR Reporting Credit and Collections 40

Your Virtual Credit Manager

MARCH 12, 2024

Eliminating this transactional friction is a key component to improving CX. They are transformational. As a result, trade credit, where businesses extend financing to customers, is undergoing rapid advancements, but it also poses high risks, especially in assessing creditworthiness, dealing with economic fluctuations, and fraud.

AR Transformation 100

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

Your Virtual Credit Manager

DECEMBER 19, 2023

If you are an executive at a small or mid-sized business, chances are you are in the process of putting together a budget for 2024, or have already done so. Maybe you have factored in an incremental improvement in DSO, but how much thought have you given to how you are going to meet that budgeted goal?

DSO 130

DSO Third Party Collections Credit and Collections Deductions 130

Emagia

FEBRUARY 3, 2025

Managing accounts receivable (AR) is a critical part of maintaining a companys cash flow, but one of the most significant hurdles in AR management is handling disputes. Here are some of the key challenges businesses face when managing disputes in accounts receivable: 1.

DSO 40

DSO Accounts Receivable (AR) Days Sales Outstanding Transactions 40

Your Virtual Credit Manager

AUGUST 6, 2024

And when the risk does not warrant open credit terms ; How can we structure the transaction to ensure a profitable sale? Arrange for Third-Party Financing of this customer’s Accounts Receivables (AR). Invoice financing involves selling your receivables to a third party.

Bad Debt 100

Bad Debt Credit and Collections Accounts Receivable (AR) Credit Risk 100

Your Virtual Credit Manager

MAY 2, 2023

Epiq Bankruptcy: Bankruptcy Filings Increase Across All Chapters in March; Commercial Filings Up 79 Percent Year-over-year If you are extending credit to other businesses on open terms, reassessing your company credit policies as well as the latent risks that may affect accounts receivable (AR) performance and cash flow should be a top priority.

Bankruptcy 100

Bankruptcy Credit and Collections Accounts Receivable (AR) Default 100

Your Virtual Credit Manager

APRIL 4, 2023

With a growing number of experts predicting a recession to hit later this year, and inflation and interest rates remaining at elevated levels, squeezing every dollar out of your investment in Accounts Receivable (AR) is more important than ever. They instead are non-performing assets that take time and money to recover.

Past Due Invoices 100

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

Your Virtual Credit Manager

DECEMBER 27, 2022

Collateral can be a physical asset, such as real estate, equipment, and inventory, or it can be a financial asset, such as stocks, bonds, and accounts receivable (AR). Collateral: Collateral can be used to secure any type of credit offering.

Credit Scoring 130

Credit Scoring Credit and Collections Accounts Receivable (AR) Bankruptcy 130

Lockstep

JULY 13, 2022

It’s been a great success so far, and we’ve received quite a lot of positive feedback from users. Since its launch, Lockstep Inbox has added 12 new accounts receivable (AR) templates and 12 new accounts payable (AP) templates, respectively.

AR Aging 77

AR Aging Accounts Receivable (AR) Transactions 77

Your Virtual Credit Manager

APRIL 30, 2024

Also, once granted, extended payment terms are very difficult to rescind. If other accounts learn of your granting extended payment terms to one customer, it is likely they will demand the same, further increasing your investment in Accounts Receivable (AR) and straining your cash flow.

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Credit Risk Bankruptcy 100

Emagia

FEBRUARY 20, 2025

Automating accounts receivable (AR) is a strategic move for businesses aiming to enhance cash flow, reduce manual workloads, and improve overall financial efficiency. What industries benefit the most from accounts receivable automation?

AR Automation 40

AR Automation Credit and Collections Cash Applicator DSO 40

Emagia

AUGUST 1, 2023

Understanding the nature of accounts receivable (AR) and its classification is crucial to maintain accurate bookkeeping records. One doubt that always pops up regarding is if accounts receivable is a debit or credit. What is Accounts Receivables?

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections Cash Applicator Credit Representative 52

Lockstep

JANUARY 11, 2023

Seattle, WA – (January 10, 2023) – Lockstep , the connected accounting network, today announced Lockstep Self-Service, the latest application in the Lockstep Suite. Lockstep Self-Service is a free application that works in tandem with Lockstep Inbox to automate AR and AP workflows online. About Lockstep.

Accounts Receivable (AR) 10

Accounts Receivable (AR) Transactions 10

Your Virtual Credit Manager

MARCH 19, 2024

Whether you have automated the collection process or not, mapping out collection strategies for the different types of customers in your accounts receivable (AR) portfolio is an accepted best practice. Bulk transfers often occur in business transactions such as mergers, acquisitions, or asset sales.

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Third Party Collections 100

Emagia

MAY 6, 2024

Using GiaDocs AI for NetSuite to accelerate the Accounts Receivable (AR) inbox can streamline and optimize various tasks associated with managing incoming payments and customer communications. This articles details on how you can utilize GiaDocs AI for NetSuite to accelerate your AR inbox.

AR Metrics 52

AR Metrics Accounts Receivable (AR) Dashboards Transactions 52

lsq

JUNE 24, 2024

In the rapidly evolving financial landscape, regional banks are continually seeking innovative ways to enhance their value proposition to clients. One of the most promising areas of growth is the partnership with FinTech firms to offer working capital solutions, such as: supply chain finance (SCF) and accounts receivable (AR) finance.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Days Sales Outstanding DSO Credit Risk 52

Emagia

MAY 16, 2023

The average collection period is an important accounting metric that evaluates a company’s ability to manage its accounts receivable (AR) effectively. The average collection period is the length of time it takes for a company to receive payment from its customers for accounts receivable (AR).

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections DSO Credit Sales 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) 59

Accounts Receivable (AR) Medical Billing Transactions 59

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. US Gaap, Dutch Accounting) or IFRS.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Dashboards Transactions Cash Applicator 52