Gaviti

OCTOBER 30, 2023

What are the Benefits of Autonomous Finance in A/R Collections? Automating manual tasks such as A/R invoice collections and account reconciliation eliminates these tasks that are prone to human error. As a result, businesses can increase productivity in their A/R collections teams without hiring additional staff.

Days Sales Outstanding 76

Days Sales Outstanding Invoice Collections Credit and Collections DSO 76

Your Virtual Credit Manager

MAY 28, 2024

Next comes billing, followed by collections cleaning up all the garbage left by everybody that has gone before. If you remember the Rocky and Bullwinkle cartoons, some seasons there was a parade during the closing credits. The collection role is a lot like that of the little janitor with the big mustache sweeping up behind the parade.

Accounts Receivable (AR) 100

Accounts Receivable (AR) Past Due Invoices Credit and Collections Collector 100

Gaviti

NOVEMBER 14, 2022

Receivables collection is one of the most critical functions of any business, but it can also become one of the most stressful. Companies can reduce many overwhelming and monotonous aspects of collections via automation. Sage Intacct streamlines collections tasks but automation alone is not enough. Scroll down to Credits.

Credit and Collections 73

Credit and Collections DSO Invoice Collections Default 73

Gaviti

FEBRUARY 17, 2024

For some customers, however, you’ll need another strategy altogether for collecting unpaid and overdue invoices: debt collection. The Key Components of Effective A/R Management The main aspect of A/R management is the collections of receivables. Streamlined credit management. The ability to create and measure KPIs.

Debt Collections 52

Debt Collections Credit and Collections DSO Invoice Collections 52

Gaviti

MARCH 21, 2023

If this sounds like your company, then the best solution is to accelerate your accounts receivable collection so you can turn sales into capital you can actually use to maintain your business. There are many strategies to streamline invoice collection to get the money owed to your company quicker.

Invoice to Cash 52

Invoice to Cash Credit and Collections Alternative Payment Methods Credit Card Payments 52

Gaviti

NOVEMBER 29, 2022

It also gives companies the ability to move away from manual tracking in spreadsheets, to a real-time dashboard, which saves time and gives a full and reliable visualization of the current state of collections. So, how can using a collection dashboard help, and why is it so indispensable as a growth tool? First Pass Yield.

Dashboards 52

Dashboards Average Days Delinquent Credit and Collections Cash Forecasting 52

Gaviti

NOVEMBER 7, 2022

Sending off invoices, collecting payments, paying vendors and meeting payroll are common examples. Choosing not to chase invoice payments could cause them not to be paid at all. Longer DSOs lead to a greater reliance on credit. With the recent hikes in interest rates, reducing credit reliance is even more important.

DSO 52

DSO Credit and Collections Dashboards Cash Forecasting 52