Gaviti

APRIL 11, 2024

How much cash is the company gaining or losing? How much bad debt does the company have, and how has this changed over time? Consider these additional KPIs: Bad debt ratio: This measures the monetary value of receivables you believe you cannot collect. Cash application. Collections analytics.

Bad Debt 98

Bad Debt Credit and Collections Collection Effectiveness Index DSO 98

Gaviti

JULY 24, 2024

Automate the payment reconciliation process by matching incoming payments with the corresponding invoices in real-time, giving you up-to-date visibility into your cash position. Cash application. Want to learn more about how Gaviti can help you achieve the most efficient invoicing process? Speak to a specialist today.

Credit and Collections 98

Credit and Collections Bad Debt Payment Portals Cash Applicator 98

Emagia

MARCH 3, 2025

Financial Stability : Reducing outstanding receivables minimizes bad debts and improves financial health. Cash Application Once payments are received, they must be recorded correctly and matched with the corresponding invoices to ensure accurate financial records. Electronic invoicing helps in quick delivery and tracking.

Days Sales Outstanding 40

Days Sales Outstanding DSO AR Reporting Credit and Collections 40

Gaviti

NOVEMBER 24, 2024

Some companies want to simply reduce the effort they spend on manual tasks to focus on high-impact tasks, while others may envision it as a way to help them achieve their specific cash application or credit needs. Enterprise-level businesses may have complex needs, while smaller ones may simply need an all-in-one accounting software.

Credit and Collections 52

Credit and Collections DSO Average Days Delinquent Collection Effectiveness Index 52

Emagia

FEBRUARY 20, 2025

By utilizing real-time data and analytics, companies can make informed decisions about extending credit, thereby minimizing the risk of bad debts. Cash Application Automation Cash application automation involves the automatic matching of incoming payments to their corresponding invoices.

AR Automation 40

AR Automation Credit and Collections Cash Applicator DSO 40

Emagia

FEBRUARY 20, 2025

AI-Powered Cash Application Matches incoming payments with invoices automatically. Reduced Bad Debt Helps identify at-risk accounts early and take preventive measures. The main benefits include improved cash flow, reduced DSO, automated collections, enhanced financial visibility, and lower bad debt risk.

AR Automation 40

AR Automation Bad Debt DSO Days Sales Outstanding 40

Emagia

JANUARY 30, 2023

Bad Debts: The credit check process leveraging digital channels, analytics, and ML will be of use in reducing the probability of receivables becoming bad debts. Cash Application: Payments collected must be applied against the proper invoice of the relevant customer.

Order to Cash 52

Order to Cash Bad Debt Third Party Collections Credit and Collections 52

Gaviti

OCTOBER 30, 2023

When traditional credit management and cash application is automated, it reduces the need for staff and makes the credit management and customer payment process more efficient. Its cash application enables automated payment matching that precisely allocates payments to invoices and achieves accuracy levels of 100%.

Days Sales Outstanding 76

Days Sales Outstanding Invoice Collections Credit and Collections DSO 76

Gaviti

JULY 11, 2024

Cash application. Integrated invoice-to-cash A/R management platforms also use data from one component of the A/R process for better insights and data in others. For example, data from your cash application component can be used for more accurate credit management. Customized collections strategies.

DSO 52

DSO AR Automation Credit and Collections Bad Debt 52

Your Virtual Credit Manager

APRIL 4, 2023

Supporting profitable sales through the extension of credit Collecting as much of the AR generated as possible by or near the due date to ensure a substantial cash inflow Mitigating the risk of bad debt losses These tasks are best accomplished in a tidy environment. You should also eliminate any duplicate accounts.

Past Due Invoices 100

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 100

Gaviti

APRIL 18, 2024

It also helps provide documentation in the event that your company has bad debt that it is able to take as a tax deduction. Cash application. Ensure precise cash allocation and real-time reconciliation with your primary bank and manage cash from multiple sources with multi-bank connectivity.

AR Aging 52

AR Aging Credit and Collections Bad Debt Allowance for Doubtful Accounts 52

Gaviti

JUNE 10, 2024

Cash Application. When using the Self-Service Payment Portal, automated cash application ensures real-time reconciliation, expediting the cash application process and reducing processing delays. In addition, multi-bank connectivity enables cash management from a variety of sources.

Payment Portals 52

Payment Portals Electronic Funds Transfer Credit and Collections Cash Applicator 52

Emagia

FEBRUARY 5, 2023

Cash Application This process in AR management, if done manually, can consume a lot of time of AR team and make collection follow up difficult, and create a not-so-happy experience for both the team and customers. Automated AR software can bring in efficiency and speed to invoicing, collection, payment matching and cash application.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Emagia

SEPTEMBER 23, 2024

Collections and Cash Application Integrating GenAI into the collections process can significantly improve efficiency by predicting payment delays using customer behavior, payment trends, and historical data. This helps prioritize accounts for follow-up and set triggers for escalation where necessary.

Invoice to Cash 52

Invoice to Cash Order to Cash Credit and Collections Bad Debt 52

Gaviti

APRIL 24, 2024

It also puts a standardized process in place for dealing with bad debt, including documentation in the event that legal action needs to be pursued or the business wants to claim it in taxes. This can be especially helpful in maximizing recovery and minimizing bad debt. Task management and workflow automation.

DSO 52

DSO Credit and Collections Bad Debt Days Sales Outstanding 52

Gaviti

OCTOBER 13, 2024

If your business could proactively identify the risk of potential customers before taking them on as new customers and avoid bad debt, wouldn’t you want to do that? These include: Automate cash application and remittance. Personalized dunning emails.

Credit and Collections 59

Credit and Collections Automated Cash Application Bad Debt Invoice Amount 59

Serrala

MARCH 14, 2024

Energy and utilities companies must innovate and look at how technology can increase the processing of financial data at a faster speed, whilst increasing cost efficiencies by improving timely bill payment, speedy cash application, and optimizing outbound payments. section-marketo-background').length>0){ length>0){ jQuery('.mktoFormRow','fieldset[data-wrapper-for~="col1"]').each(function(i,

Credit and Collections 52

Credit and Collections Automated Cash Application Cash Applicator Bad Debt 52

TreviPay

APRIL 11, 2023

Managed Service s TreviPay demonstrated scale, expertise and capability to provide a privately labeled end-to-end solution; from buyer onboarding and underwriting, through credit management, invoicing, accounts receivable and cash application. This would require investment in the design, technology and deployment of such a solution.

DSO 52

DSO Bad Debt Credit and Collections Order to Cash 52

TreviPay

AUGUST 30, 2023

When it Comes to Risk Management the Best Defense is a Strong Offense TreviPay’s risk management services, all managed digitally and at a large scale for enterprises, are a foundational element in supplying AML, KYC and underwriting tools to reduce bad debt risk and decrease the high operational costs of fighting fraud. 

B2B Credit 52

B2B Credit Credit and Collections Bad Debt Transactions 52

Gaviti

FEBRUARY 6, 2023

Cash application support, helping guarantee that any payments made are applied correctly to their corresponding invoices. Implementing a credit policy: By developing and implementing a credit policy, teams can establish clear guidelines for extending credit, monitoring credit risk, and managing bad debt.

AR Automation 52

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

Serrala

MARCH 14, 2024

Successful consumer goods businesses must navigate these challenges to ensure a strong working capital position and sustainable cash flow by adopting agile inventory management practices, optimizing payment terms, and leveraging technology to enhance efficiency in supply chains and financial operations.

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk AR Automation 52

Your Virtual Credit Manager

SEPTEMBER 13, 2022

If not approved, there should be an attempt to collect the disputed amount to avoid diluting profits, and if not collected, the deduction should be cleared by a bad debt write-off. The second is knowledge of your Order-to-Cash process. This all seems fairly straightforward, doesn’t it? Well, it’s not.

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Your Virtual Credit Manager

JANUARY 21, 2025

When collection efforts are not timely, prioritized, and comprehensive, customer payments lag and increase the probability bad debts will occur. Clearly, breakdowns in the O2C process extend the cash conversion cycle, multiply processing costs, and impact profitability.

Order to Cash 130

Order to Cash Credit and Collections Bad Debt Accounts Receivable (AR) 130

Your Virtual Credit Manager

DECEMBER 24, 2024

The only time AR comes to the forefront is when there is economic turmoil and an increased risk of bad debt losses. This will manifest itself as a one time release of cash from AR followed by a steady state of enhanced cash flow from AR after you engage with an agency. What else can be done?

Credit and Collections 130

Credit and Collections Collector Bad Debt Accounts Receivable (AR) 130