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5 Common Challenges Faced by A/R Teams That Can Be Overcome Through Automation

Gaviti

Invoices can be paid 24/7 through a self-service payment portal. Payments are reconciled automatically, your ERP is updated with the new payment data, and the customer receives payment confirmation within a few minutes. The longer an invoice goes unpaid, the lower the chances of recovering that debt.

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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. Offer flexible payment methods and plans. partial payments) available to them. Minimize outstanding balance and improve cash flow.

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5 Accounts Receivable Collection Mistakes You Should Avoid

Gaviti

Ensuring all necessary forms and data are included at the start helps streamline the payment process. Advanced A/R tools often provide a customer payment portal that centralizes necessary payment details, making it easier for customers to complete payments on time. Credit management and monitoring.

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

Emagia

Improved Working Capital Efficiency: Accelerates cash conversion efficiency, optimizes cash flow management by accelerating cash applications , collections and reducing payment delays. Reduces DSO, minimizes bad debt and write-offs with advanced credit risk and deductions management tools.

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Why Your Organization Needs Structured Payment Plans

RevCycle

The following excerpt is from a recent Forbes article : “ According to interviews AccessOne conducted with 47 healthcare billing executives, 43% of providers reported increases in patient requests for payment plans even as hospitals face their own financial struggles, and 40% report an increase in bad debt.

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Top Accounts Receivable Strategies for 2025

Gaviti

Consistency in credit processes reduces bad debt and fosters healthier customer relationships. Streamline Cash Application Across All Payment Sources Managing payments from multiple sourcessuch as bank transfers, checks, ACH , and credit cardscan be time-consuming.

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Accounts Receivable Analysis: Meaning, Objectives, Importance

Gaviti

Are you offering discounts for early payment? 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. What are the average days sales outstanding?