Remove Bad Debt Remove Cash Applicator Remove Credit and Collections
article thumbnail

5 Accounts Receivable Collection Mistakes You Should Avoid

Gaviti

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.

article thumbnail

How to Write Effective Past Due Invoice Emails: Templates and Best Practices

Gaviti

Sending a late payment reminder encourages prompt payment of unpaid invoices, reducing the number of delinquent accounts and minimizes the risk of write-offs and bad debt. ACH, debit or credit cards, electronic wallets) and plans (e.g. Manage customer risk. Increase transparency and avoid disputes.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Introducing: Cash Application, Credit Application Management, Integrated AI and Much More

Gaviti

These additions have been carefully crafted to address the evolving needs of businesses, ensuring you have the tools to minimize errors, maximize efficiency, and optimize your cash flow like never before. With the Cash Application module, we’re eliminating these pain points and introducing a new level of accuracy and efficiency.

article thumbnail

How to Automate the Collection Process to Eliminate Manual Tasks

Gaviti

The sooner your business collects on its invoices, the lower your financial risks and the better your financial position. That means your accounts receivable team will want to do everything in its power to increase cash flow and reduce your DSO.

article thumbnail

Top Accounts Receivable Strategies for 2025

Gaviti

With increased interest rates and inflation, businesses are facing increasing pressure to collect cash faster. Benefit from fast and accurate cash application that requires also no human intervention. In 2025, successful businesses will: Analyze payment trends to refine credit terms and collection strategies.

article thumbnail

How CFOs Can Benefit from Emagia Autonomous Finance Platform for Accounts Receivable Automation

Emagia

Autonomous Finance Capabilities: Enables intelligent self-driving end-to-end processes for accounts receivable operations including credit management, billing, invoicing, collections, deductions, cash application, cash flow forecasting and treasury management. Key Features and Benefits for CFOs 1.

DSO 52
article thumbnail

Accounts Receivable Analysis: Meaning, Objectives, Importance

Gaviti

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? How much bad debt does the company have, and how has this changed over time? How well are the existing terms working?