This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
What’s Involved in “Cleaning” an AR Portfolio In a perfect world, your AR Ledger would contain only whole, current invoices; or at least nothing seriously past due. Over time, AR Ledgers unfortunately tend to collect “Clutter.”
If you discuss credit terms with a competitor, you are in violation of anti-trust statutes forbidding price fixing. If your high risk customers are very risky and numerous, the insurance premium may far exceed your average yearly bad debt losses. The other policy conditions (deductibles, co-pays, etc.)
These days, with various data points related to your customers available in the public domain and technologies available to collect and analyze them in the way it is required, the credit authorization process is mostly driven by data and analytics provided by ARautomation tools.
By adopting emerging technologies like AI, ML, and Automation, such time-consuming and mundane tasks can be automated. Intelligent forecasting and budgeting supported by automation tools can present unbiased insight into actionable items to help improve the top line, bottom line, and cash flow.
With our AI-powered cash application, AP automation, collections and disputes, and Bill Pay solutions, your company can achieve high ARautomation, 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.
With our AI-powered cash application, collections and disputes, credit risk management, and Bill Pay solutions, your company can achieve high ARautomation and payment matching rates of up to 99%. Reducing workloads, reducing fees, and increasing user satisfaction and performance levels across your AR teams.
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. Below are the key advantages: 1.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content