article thumbnail

Eliminate These Four Barriers to Payment

Your Virtual Credit Manager

Photo by Patrick Hendry on Unsplash Although defaults resulting in significant bad debt losses are a rare event for trade creditors, much of the focus of AR Management is on credit risk. With bad debt losses, making up the lost profit requires generating substantially more new revenue.

article thumbnail

How can you enhance your business’ credit management function?

Credit Management Group UK

Having an effective credit management function is vital to any business in maintaining and improving cash flow, as well as reducing a business’ risk to bad debt. Measure disputes Disputed invoices will mean delays in payment and having multiple disputed invoices will have a significant impact on your business’ cash flow.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Disputes in Account Receivables: Process & Resolution

Gaviti

What Is Invoice Dispute Management? Dispute management is the process of resolving disagreements or discrepancies between a business and its customers. It involves identifying the root cause of invoice disputes and finding solutions that satisfy both parties.

article thumbnail

Taking Control: How Controllers Can Enhance Financial Control and Compliance Through AI

Emagia

Plug revenue leakages Businesses lose money through revenue leakages due to various reasons, such as process inefficiencies, poor customer experience, invoice disputes, invalid deductions by customers with a relatively high volume and low value, auto-approved write-offs, etc.