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Holiday Collection Policy Tips from the RevCycle Heroes

RevCycle

Send friendly reminders before the due date, highlighting any holiday-related delays in processing payments. Offer alternative payment methods: Provide options like online payments, installments, or pre-authorized debit to make it easier for customers to pay on time.

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A Guide to Alternative Payments

TreviPay

Alternative payment methods are changing the financial industry and the world. Businesses willing to embrace them in their payment strategy will thrive in this changing economic landscape. They are often used to pay recurring bills, such as utility bills, mortgage payments or subscriptions.

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Days sales outstanding: effectively managing DSO improves cash flow

TreviPay

Speed up accounts/receivable processes: By outsourcing A/R processes such as underwriting, onboarding, invoice submission, matching remittance information, reconciliation and collections, your A/R teams are better able to handle an influx of new business without sacrificing efficiency.

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Top 4 Accounts Receivable Challenges and How to Overcome Them

Gaviti

Some customers might not have paid off their invoice because they are unable to use the current payment methods provided by your company. Work with the customer and see if you can come up with an alternative payment method. Consider an automated accounts receivable solution. Need to find unpaid or late invoices?

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Four Tips to Reduce DSO and Increase Cash Flow

TreviPay

From implementing TreviPay ® (TreviPay) to providing multiple payment options, identifying ways to minimize DSO can eliminate many of the challenges that result from restricted cash flow. This boost in purchasing power motivates buyers to buy more products and services, paving the way for repeat business.

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Payment Orchestration vs Payment Gateway

TreviPay

Payment orchestration platforms support payments across different regions. They generally offer alternative payment methods and comply with payment security, rules and regulations. How payment orchestration works (in 6 steps) The below six steps highlight how payment orchestration typically works.

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When Your Credit Card Gets Declined – 13 Things to Do Immediately

Due

You may also receive an SMS alert on your registered phone number or email, with your credit card issuer informing you about the same. If not, consider using an alternate payment method. Also, if you are traveling internationally, inform your card issuer about the changes in demographics. Don’t worry.