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Payment Portals

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

Gaviti

NOVEMBER 18, 2024

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.

Bad Debt

Bad Debt Bad Debt to Sales Invoice to Cash Credit and Collections

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

Gaviti

JANUARY 7, 2025

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.

Past Due Invoices

Past Due Invoices Invoice Amount Payment Portals Credit and Collections

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

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5 Accounts Receivable Collection Mistakes You Should Avoid

Gaviti

NOVEMBER 21, 2024

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.

Automated Cash Application

Automated Cash Application Credit and Collections Cash Applicator Deductions

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

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

Emagia

DECEMBER 3, 2024

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.

DSO

DSO Credit and Collections Bad Debt Payment Portals

Why Your Organization Needs Structured Payment Plans

RevCycle

JULY 6, 2021

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.

Bad Debt

Bad Debt Payment Portals Credit and Collections Default

Top Accounts Receivable Strategies for 2025

Gaviti

FEBRUARY 4, 2025

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.

Average Days Delinquent

Average Days Delinquent Credit and Collections AR Metrics Accounts Receivable (AR)

Accounts Receivable Analysis: Meaning, Objectives, Importance

Gaviti

APRIL 11, 2024

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?

Bad Debt

Bad Debt Credit and Collections Collection Effectiveness Index DSO

How to Automate the Collection Process to Eliminate Manual Tasks

Gaviti

NOVEMBER 24, 2024

Additional metrics to consider include the number of outstanding receivables, accounts receivable aging, customer churn rate, and the percentage of late payments. Offer a range of payment methods and, if available, a link to your customer payment portal from the invoice itself. Make it easy for customers to pay invoices.

Credit and Collections

Credit and Collections DSO Average Days Delinquent Collection Effectiveness Index

Top 7 Invoice Processing Best Practices for Your Business

Gaviti

JULY 24, 2024

Automate the payment reconciliation process by matching incoming payments with the corresponding invoices in real-time, giving you up-to-date visibility into your cash position. Automatic cash application with 100% accuracy when using Gaviti’s Self-Service Payment Portal, accelerating the payment process by reducing human error.

Credit and Collections

Credit and Collections Bad Debt Payment Portals Cash Applicator

How to Automate Accounts Receivable?

Emagia

FEBRUARY 20, 2025

By utilizing real-time data and analytics, companies can make informed decisions about extending credit, thereby minimizing the risk of bad debts. Offering Multiple Payment Options Provide customers with various payment methods, such as credit cards, ACH transfers, and online payment portals, to facilitate prompt payments.

AR Automation

AR Automation Credit and Collections Cash Applicator DSO

Why a Multi-Payment Gateway is a Game-Changer

Gaviti

JUNE 10, 2024

Intelligent routing may also include payment redirection for alternative options in the event of operational disruption or downtime. For example, it can automate payment reconciliation, payment workflows, A/R collections, reminders and confirmation. Talk to us and see if a payment portal can help your business.

Payment Portals

Payment Portals Electronic Funds Transfer Credit and Collections Cash Applicator

7 Best Accounts Receivable (A/R) Automation Software Vendors

Gaviti

JULY 11, 2024

Automate the matching of invoices to payments, eliminating human error involved with manual matching and accelerating the bank reconciliation process. When customers make payments using an automated A/R solutions customer payment portal, it also matches customer payment with the corresponding invoice with increased accuracy.

DSO

DSO AR Automation Credit and Collections Bad Debt

Why Is My Accounts Receivables Balance Negative?

Gaviti

FEBRUARY 20, 2023

Automation could take the form of online payment portals, invoice automation software , and other financial tools. Automation makes it easier to track payments, reconcile discrepancies, and monitor customer accounts more efficiently. Reduce Manual Tasks Automating the accounts receivable process can reduce the risk of errors.

Credit and Collections

Credit and Collections Deductions Bad Debt Payment Portals

Disputes in Account Receivables: Process & Resolution

Gaviti

NOVEMBER 27, 2023

Applying both of these tactics to your dispute resolution strategy will improve your cash flow and significantly reduce bad debt. It also enables you to easily filter and view invoices according to each customer, number of disputes, or as an aggregated view of all invoices and manage their payment within the payment portal.

Invoice Disputes

Invoice Disputes Deductions Credit and Collections Invoice to Cash

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

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

Webinars

Trending Sources

5 Accounts Receivable Collection Mistakes You Should Avoid

Webinars

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

Why Your Organization Needs Structured Payment Plans

Top Accounts Receivable Strategies for 2025

Accounts Receivable Analysis: Meaning, Objectives, Importance

How to Automate the Collection Process to Eliminate Manual Tasks

Top 7 Invoice Processing Best Practices for Your Business

How to Automate Accounts Receivable?

Why a Multi-Payment Gateway is a Game-Changer

7 Best Accounts Receivable (A/R) Automation Software Vendors

Why Is My Accounts Receivables Balance Negative?

Disputes in Account Receivables: Process & Resolution

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