Lockstep

NOVEMBER 16, 2022

Combined with email automation, templates automating the collections process save you time and help to ensure that your customer communications are consistent. AR automation software, like Lockstep Receivables, comes with a library of best-in-class templates that can easily be adapted to match your specific requirements. .

AR Automation 90

AR Automation Accounts Receivable (AR) Days Sales Outstanding DSO 90

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.

AR Automation 78

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

Lockstep

JUNE 15, 2022

Be it lack of critical financial information, undue to time constraints, or higher priority projects, many companies, today, struggle to create formal credit policies. . Invoice automation or changes to business processes in other departments could have a significant impact on improving your credit and collections process. .

AR Automation 91

AR Automation Bad Debt DSO Accounts Receivable (AR) 91

Your Virtual Credit Manager

JANUARY 30, 2024

The evolution of Accounts Receivables (AR) automation has revolutionized our collection strategies. Manual collection processes centered on an aged accounts receivable trial balance (ARTB) lack the regimentation and efficiency brought about by automation.

Credit and Collections 130

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

Your Virtual Credit Manager

NOVEMBER 14, 2023

Here’s more information on Credit Evaluations. Those that are too weak for you to extend credit will require up front payments — find the payment format (COD, Cash In Advance, down payment, credit card, etc.) Here’s more information on these risk mitigation instruments.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Lockstep

JULY 27, 2022

This means that businesses need to have accurate and up-to-date information about their customers’ creditworthiness. based B2B sales are paid using customer credit, knowing how much credit to extend and to which customers is of dire importance. While nearly 60% of U.S.-based

Credit Scoring 89

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

Emagia

MARCH 3, 2025

Step 3: Setting Up Customer Accounts Ensure all customer details are documented accurately, including billing information and payment preferences. Use automated reminders to reduce delays. Disputed Invoices Ensure invoices are accurate and include all necessary details. Establish a quick dispute resolution process.

Days Sales Outstanding 40

Days Sales Outstanding DSO AR Reporting Credit and Collections 40

The Esker Blog

JANUARY 10, 2023

Fortunately, AI-driven AR solutions can provide full transparency into both lagging and leading metrics. As much as one-third of an AR representative’s time can be spent prioritizing who to call and searching for contact and account information. Tailor collections. Deliver invoices intelligently.

AR Aging 95

AR Aging Accounts Receivable (AR) Credit and Collections Past Due Invoices 95

Emagia

FEBRUARY 5, 2023

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 AR automation tools.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Lockstep

JULY 20, 2022

Automation and Payment Connectors . Payments made via check, echeck, EFT, and ACH can all be automated with the use of a payment connector and AR automation. In addition, Lockstep Receivables provides you with real-time visibility into your cash flow, so you can make informed decisions about how to best use your funds.

Electronic Funds Transfer 87

Electronic Funds Transfer DSO Days Sales Outstanding AR Automation 87

billtrust

OCTOBER 11, 2022

How to get your money’s worth: The benefits of AR automation software 4 tips on how to speed up your collections. When customers know that they will receive their invoices promptly and have their payments recorded accurately, they are more likely to do business with the company again. Improving your cash flow.

Accounts Receivable (AR) 52

Accounts Receivable (AR) AR Automation Credit and Collections Cash Applicator 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. . Provide accurate and timely information . Can remote users access notes and account information? .

Accounts Receivable (AR) 52

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

Gaviti

FEBRUARY 6, 2023

As accounting processes continue to evolve, it’s becoming increasingly clear that harnessing the power of technology can help businesses streamline their operations and make more informed decisions. These processes have been staples of A/R management for years now, but in 2023, AI tools are expected to improve drastically in quality.

AR Automation 52

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

Emagia

JUNE 19, 2023

An invoice is a document that provides information of products and services provided to a client. Traditionally, invoicing has printing and mailing physical invoices, but those are very costly. It includes all pertinent information about the transaction, including the items sold, the purchase price, and the payment terms.

AR Automation 52

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

Cash Applicator 52

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

Gaviti

SEPTEMBER 19, 2022

From predicting invoices most likely to be paid on time to customers most likely to make delayed payments, these transformative technologies offer critical insights to help AR teams make informed decisions. And the effects can be drastic. The post Improving Your Dunning Strategy and Recovery Rate appeared first on Gaviti.

AR Automation 52

AR Automation AR Metrics DSO Accounts Receivable (AR) 52

Gaviti

JULY 11, 2024

This in turn fosters greater collaboration among teams and the ability to make more informed decisions. Most A/R collections teams are reactive, escalating collections calls after customers have unpaid or overdue invoices. Having a proactive collections strategy. Schedule a demo to learn more. Intelligent prioritization.

DSO 52

DSO AR Automation Credit and Collections Bad Debt 52

billtrust

OCTOBER 4, 2022

What are the seven tiers of disaster recovery Why are cloud disaster recovery & AR automation important? The difference between a DRP and a BCP How do you create a cloud-based AR disaster recovery plan? Why is it essential to have an AR disaster recovery plan? What you’ll learn.

Business Continuity Planning (BCP) 52

Business Continuity Planning (BCP) AR Automation Cybersecurity Accounts Receivable (AR) 52

Emagia

JULY 3, 2023

The automated cash application software operates by automatically correlating customer payments with the related invoices in the accounting system of a business. The program ensures a continuous flow of data and information by easily connecting with current ERP systems. What is Cash Application Software?

Automated Cash Application 52

Automated Cash Application Cash Applicator Days Sales Outstanding AR Automation 52

billtrust

JANUARY 11, 2023

We were named overall leader in the G2 Grid® Report for Accounts Receivable Automation Software for Winter 2022. G2 Grid® for Accounts Receivable Automation Software. Billtrust is the original innovator in the AR automation space. Though this identifying information is then anonymized for the public.

AR Automation 52

AR Automation Order to Cash Collector Cash Applicator 52

Emagia

JULY 10, 2023

They are used to record financial transactions. These entries are usually made in the general ledger, or sometimes in a subsidiary ledger. The journal access includes information about the transactions, like the date, etc. If a transaction impacts multiple accounts, the journal entry will document the information thoroughly.

AR Automation 52

AR Automation Transactions Deductions Credit Sales 52

Emagia

NOVEMBER 2, 2023

These technologies enable processing of all incoming documents in any format, ultimately improving the efficiency of the AR cycle and bolstering the overall financial health of the business. Intelligent cash application solutions empower AR teams to set up rules, even for complex scenarios, without extensive manual intervention.

Cash Applicator 52

Cash Applicator Accounts Receivable (AR) AR Automation Order to Cash 52

Onguard

DECEMBER 6, 2022

While plenty of companies have moved to some form of digital invoicing, organisations working with AR automation can adapt to any format. You benefit from additional data exchange and (near) real-time status information. These include delivery status, amount due and payment history. Even if it is on paper.

AR Automation 52

AR Automation Order to Cash Credit and Collections Debt Collections 52

The Corcentric Blog

MAY 22, 2023

In order to move to the next level of AR automation, businesses should consider leveraging artificial intelligence and machine learning. Additionally, businesses should evaluate the ability of the ar accounts solution to monitor customer payment performance.

Order to Cash 40

Order to Cash AR Automation Credit and Collections Credit Application 40

Serrala

OCTOBER 31, 2022

You will still need to stay on top of late payments, but your new end-to-end AR automation solution will up your cash application game. Automating easily across the entire scope of your cash flow process will help mitigate any security concerns, but also enable you to sidestep potential skills shortages.

Cash Applicator 52

Cash Applicator DSO Days Sales Outstanding AR Automation 52

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%. Read more access invoice and payment information from the same solution, on any device, at any time.

Credit and Collections 52

Credit and Collections Automated Cash Application Cash Applicator Bad Debt 52

Serrala

MARCH 14, 2024

With our AI-powered cash application, collections and disputes, credit risk management, and Bill Pay solutions, your company can achieve high AR automation and payment matching rates of up to 99%. Read more Access invoice and payment information from the same solution, on any device, at any time.

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk AR Automation 52

billtrust

OCTOBER 5, 2022

There are some potential drawbacks to remote receivables management as well: First, a business must have access to a reliable internet connection. Finally, there is always the risk that sensitive customer information could be compromised if stored online. Benefits of accounts receivable invoice automation. Learn More.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections AR Automation Credit Card Companies 52

Lockstep

MAY 11, 2022

For more information, visit www.fortispay.com. . As the solution of choice for the future of payments, Fortis moves commerce closer to invisible with a proprietary platform that supports and strengthens the commerce and payments capabilities of software partners.

Transactions 10

Transactions AR Automation 10

Lockstep

NOVEMBER 8, 2022

Seattle, WA – – Lockstep , the award-winning accounting automation pioneer, today announced it has partnered with SYSPRO to grow the connected accounting network. Lockstep will provide SYSPRO’s North American customers access to award-winning accounts receivable (AR) automation software, Lockstep® Receivables.

AR Automation 123

AR Automation Accounts Receivable (AR) Automated Cash Application Invoice to Cash 123

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.

AR Automation 40

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

Your Virtual Credit Manager

MARCH 11, 2025

For an overview of the different types of O2C automation solutions and why they work, check out The Dynamics Behind AR Automation. Below are the key advantages: 1. Improved Security and Compliance EIPP systems include encryption and adhere to industry standards to protect sensitive financial information.

Days Sales Outstanding 130

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

Emagia

FEBRUARY 5, 2025

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. This integration helps automate payment reminders, track overdue accounts, and optimize cash flow forecasting.

AR Automation 40

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

Emagia

MARCH 11, 2025

The Common Human Errors in AP & AR Before examining how IDP addresses these issues, its important to understand the prevalent types of human errors that occur in AP and AR departments: Data Entry Errors: Manual data entry is prone to typographical errors, such as incorrect invoice amounts or vendor information.

Accounts Receivable (AR) 40

Accounts Receivable (AR) Invoice Amount AR Automation Dashboards 40