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

JULY 11, 2024

Cash application. Disputes and deductions. Track, code, route and resolve customer disputes and deductions quickly by identifying recurrent issues and taking a proactive approach to future issues. For example, data from your cash application component can be used for more accurate credit management.

DSO 52

DSO AR Automation Credit and Collections Bad Debt 52

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

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. The process can get more cumbersome if deductions are involved.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 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

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.

Credit and Collections 52

Credit and Collections Automated Cash Application Cash Applicator Bad Debt 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

JANUARY 21, 2025

When there is a breakdown at any point along the O2C continuum, cash flow is impacted, and processing costs are increased. When collection efforts are not timely, prioritized, and comprehensive, customer payments lag and increase the probability bad debts will occur. When that happens, it is likely your payment will be delayed.

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