Gaviti

JUNE 10, 2024

That means you’ll need to ensure that customers can pay in the most convenient way for them while minimizing declines transactions and latency. Deliver intelligent transaction routing. For example, some may focus on transaction speed while others rely on machine learning algorithms for optimization. Cash Application.

Payment Portals 52

Payment Portals Electronic Funds Transfer Credit and Collections Cash Applicator 52

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

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

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. 

Credit and Collections 52

Credit and Collections B2B Credit Bad Debt Transactions 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. Streamlined customer interactions.

DSO 52

DSO Credit and Collections Bad Debt Days Sales Outstanding 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

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. Trade promotions are often taken as deductions, but are better managed as separate transactions. 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. For more about this remittance processing, click here.

Order to Cash 130

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

Your Virtual Credit Manager

DECEMBER 24, 2024

A key difference (besides volume of transactions) is the lack of labor specialization. The only time AR comes to the forefront is when there is economic turmoil and an increased risk of bad debt losses. Bad debt risk controlled according to your risk appetite. What else can be done?

Credit and Collections 130

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