Gaviti

NOVEMBER 21, 2024

This mindset often leads to underinvestment in collections efforts, and when budget cuts are necessary, accounting departments like collections are typically the first affected. However, maintaining a steady cash flow is essential for business survival, and efficient collections directly impact the bottom line.

Automated Cash Application 96

Automated Cash Application Credit and Collections Cash Applicator Deductions 96

Gaviti

MARCH 27, 2024

As a result, they have increasingly turned to automated cash application to adapt to these challenges. What is Automated Cash Application? Traditionally, this cash application process has been 100% manual, consuming resources and leading to a high risk of human error. It is scalable.

Automated Cash Application 52

Automated Cash Application Cash Applicator DSO Invoice to Cash 52

Emagia

JULY 3, 2023

By automating and improving the process of matching incoming payments with open invoices, automated cash application software has completely changed how firms handle their cash flow. Reason codes should be recorded and mapped to relevant ERP deduction codes for smooth processing.

Automated Cash Application 52

Automated Cash Application Cash Applicator AR Automation Days Sales Outstanding 52

Gaviti

OCTOBER 13, 2024

Predictive AI capabilities in many modern B2B collections software now let businesses do exactly this while solving many other challenges in the B2B collections process. The Challenges of Traditional B2B Collections Unlike B2C collections, B2B collections involve steps related to credit, financing and legal agreements.

Credit and Collections 52

Credit and Collections Automated Cash Application Bad Debt Collections Automation 52

Gaviti

APRIL 11, 2024

Are you offering enough or too much credit to customers? Are you able to collect invoices on all of the revenue your business generates? How much cash is the company gaining or losing? Are we offering the right amount of credit to customers based on their creditworthiness? How well are the existing terms working?

Bad Debt 98

Bad Debt Credit and Collections Collection Effectiveness Index DSO 98

Gaviti

JUNE 10, 2024

If your business is scaling and expanding into new geographic regions, it may present challenges in collecting receivables. This should include debit and credit cards, local bank transfer, ACH/echeck, wire transfer and electronic funds transfer. Would a robust customer-facing payment portal help you collect receivables faster?

Payment Portals 52

Payment Portals Electronic Funds Transfer Credit and Collections Cash Applicator 52

Emagia

JANUARY 3, 2023

Cash Application in the OTC process have substantial impact on the cash flow of the company. Manual processes in cash application, like in any other processes, are time-consuming, inefficient, and affect cash flow, topline and bottom line. Why Is Autonomous Cash Application Important?

Cash Applicator 52

Cash Applicator Automated Cash Application DSO Credit and Collections 52