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. Introduction to Accounts Receivable Automation What is Accounts Receivable Automation?

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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. A structured dispute resolution process minimizes delays in payment collection.

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Emagia

FEBRUARY 20, 2025

Accounts receivable software automates the invoicing and collections processes, enabling businesses to track outstanding invoices, manage customer payments, and optimize their cash flow cycles. Reduced Manual Work Automates tedious tasks like invoice generation, reminders, and reconciliation. GDPR, SOX).

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AR Automation Bad Debt DSO Days Sales Outstanding 40

The Corcentric Blog

JUNE 27, 2023

The significant reduction in invoice processing costs has driven AP automation uptake faster than AR automation initially, but automation solutions for AR are now fast becoming a must-have for many more reasons than just efficiency gains. Another challenge of in-house AR automation is the cost.

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AR Automation Accounts Receivable (AR) DSO Days Sales Outstanding 52

Lockstep

MAY 4, 2022

Still, there are some fundamental and easily-deployed tactics that are sometimes forgotten in the rigmarole of daily activities – tactics and concepts that every credit department can use to reduce outstanding receivables. . Earlier this year, we covered three ways you can reduce your outstanding AR.

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AR Automation Accounts Receivable (AR) AR Aging Credit and Collections 83

Lockstep

JUNE 1, 2022

Using technology to gain efficiencies in accounts receivable is a great way to leverage your own cash over borrowing from banks when the credit lines are tightening, and interest rates are increasing. Enter AR Automation. With automation, teams don’t have to write the same email or letter to customers.

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AR Automation Accounts Receivable (AR) DSO Credit and Collections 78

billtrust

DECEMBER 20, 2022

Accelerate digital payments by leveling up your AR automation. Automation brings B2B opportunities for B2B transactions. Automated AP comes with challenges for AR teams. AR teams must feed invoices to these AP portals and often manually key them in. Automating invoice delivery. Accelerate payments.

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Emagia

FEBRUARY 5, 2023

Automation of accounts receivable is the process of automating various manual tasks involved AR process like invoicing, collecting, and tracking receivable to ensure timely collection. Credit Management The starting point in the AR process is credit check, though that is part of broader OTC process.

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AR Automation Days Sales Outstanding DSO Credit and Collections 52

Gaviti

JULY 11, 2024

If you’ve decided your business is ready to move to automating its A/R, you’ll want to find the best A/R automation software, also called invoice to cash software, that suits your needs. These benefits include: Streamlining and automating the A/R process. Having a proactive collections strategy.

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DSO AR Automation Credit and Collections Bad Debt 52

Lockstep

APRIL 13, 2022

Still, there are some fundamental and easily-deployed tactics that are sometimes forgotten in the rigmarole of daily activities – tactics and concepts that every credit department can use to reduce outstanding receivables. . There are other methods to providing information to customers and credit professionals.

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Accounts Receivable (AR) AR Automation AR Aging Credit and Collections 52

Gaviti

FEBRUARY 6, 2023

And with the proliferation of AI and machine learning tools in the digital landscape, 2023 is the perfect time for accounts receivable (AR) teams to examine their processes and find areas for improvement through better technologies, tactics, and process management.

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AR Automation Accounts Receivable (AR) DSO Days Sales Outstanding 52

Emagia

JULY 3, 2023

Cash Application Automation for True Straight-Through Processing It takes a lot of human effort for your internal accounts receivable (AR) personnel to manually match payments to customers’ accounts. Consider using cash application software and AR automation to simplify this procedure and reduce manual labor.

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Emagia

JUNE 19, 2023

Credit Invoice Contrary to other types of invoices on this list, credit invoices are used to provide money to someone rather than to seek it. Debit Invoice Debit invoices, unlike credit invoices, are issued by the customer when they have been underbilled. Businesses use debit invoices in such situations.

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AR Automation Past Due Invoices Accounts Receivable (AR) Days Sales Outstanding 52

Emagia

AUGUST 19, 2024

Elevating Cash Application with GenAI: A Strategic Advantage The demand for automated business solutions is on a steep upward trajectory, with the market expected to grow at a 13.8% Specifically, the AR automation sector is anticipated to expand from $3.41 compound annual growth rate (CAGR). billion in 2022 to $9.59

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

Emagia

NOVEMBER 2, 2023

Beyond ChatGPT: Understanding the Trends of Evolving Generative AI For Finance Beyond ChatGPT: Unlocking the Power of GenAI in Billing Beyond ChatGPT: Unlocking the Power of GenAI in Receivables Collection Generative Artificial Intelligence (GenAI) is generating significant buzz in today’s business landscape.

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Serrala

MARCH 14, 2024

With our AI-powered cash application, AP automation, collections and disputes, and Bill Pay solutions, your company can achieve high AR automation, collections, and payment matching rates of up to 99%. All of which can be accessed in real-time for an up-to-date and accurate overview of your company’s cash position.

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Your Virtual Credit Manager

MARCH 11, 2025

From an accounts receivable (AR) perspective, digitization began accelerating in the late eighties with the introduction of tools that could help with financial analysis followed by collection, deduction management, and remittance processing software in the nineties. credit cards, ACH transfers).

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Emagia

DECEMBER 30, 2024

In today’s fast-paced business environment, efficient management of accounts receivable (AR) is crucial for maintaining healthy cash flow and ensuring organizational profitability. AR automation emerges as a transformative solution, streamlining financial transactions between companies and their customers.

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

Gaviti

JANUARY 20, 2025

In the modern accounting landscape, integrating this principle with automation tools is increasingly essential. Plus, if a receivable is unlikely to be collected, it should be reported as a bad debt expense in the same period as the related revenue and an A/R forcasting report can help with this. Schedule a demo to learn more.

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Emagia

FEBRUARY 5, 2025

For CFOs and AR teams, this comprehensive view is a game-changer in managing accounts receivable, improving collections, and optimizing cash flow. In this blog, we will explore how a Customer 360-Degree View can transform your AR process and how Emagias AI-powered AR Automation Platform helps unlock the full potential of this strategy.

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