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Interest rates are on the rise, so it is more important than ever to make sure that your business is doing everything possible to mitigate risk. Stay ahead of the curve by leveraging automation for customer creditscoring. . What is customer credit? .
Customer Relationship Management : A structured AR process helps maintain transparency and fosters trust between businesses and customers. Financial Stability : Reducing outstanding receivables minimizes baddebts and improves financial health. Use automated reminders to reduce delays.
Advanced A/R automation software, such as Gaviti, enables you to measure A/R team performance as well as the performance of individual team members. Simplify customer payment by offering multiple types of payment, including credit cards, debit cards, ACH transfers , electronic wallets, and more. Self service payer portal.
Digitalizing manual AR processes can be the single biggest improvement an AR team makes to its workflow, though care must be taken to make changes carefully and deliberately, lest the transformative nature of automation disrupts more processes than was originally intended.
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