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Top 10 Challenges CFOs of Travel Management Companies Face in Accounts Receivables Management

Emagia

VAT/GST Compliance: Global AR must be tax-compliant, adding complexity to invoicing and reporting processes. Legacy Systems and Siloed Data Non-integrated Back-Office Systems: Many travel agencies use disparate platforms for booking, finance, and CRMresulting in manual AR processes.

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Revive Your Cash Flow!

Your Virtual Credit Manager

In addition, the credit function can cause the problem when a customer is granted more credit than they can handle, often resulting in a past due invoice collections must address. That’s simply the nature of things.

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Key Advantages of Autonomous Finance in A/R Collections

Gaviti

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. Benefits of autonomous finance include: Greater efficiency and productivity.

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Forwardly Takes Center Stage by Winning Accounting Tech of the Year at the 2023 US Fintech Awards

ForwardAI

Forwardly, an emerging leader in business payments, helps businesses achieve zero debt with its innovative instant and same-day automatic invoice collection. Originally posted on EINPresswire. Forwardly will be showcasing the award-winning payments solution at the QuickBooks Connect conference in Las Vegas on November 12th-15th, 2023.

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Top Tips to Automate Collections on Sage Intacct

Gaviti

Before you design your automation of invoice processing process , determine what you need to work on in your business and plan accordingly. Book your demo to get started. The post Top Tips to Automate Collections on Sage Intacct appeared first on Gaviti. Are you ready to see Gaviti and Sage Intacct in action?

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Welcome To The Small Business Guide To Bookkeeping

Lendio

This guide aims to provide you with the necessary knowledge and practical steps to successfully set up and manage your company’s books. Bookkeeping is the collection of data from various sources and entering it into your company’s accounting system—but there’s more to it than just data entry. What Is Bookkeeping?

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A/R Management vs Debt Collection: What’s the Difference?

Gaviti

Many businesses don’t outsource their accounts receivables collections because they don’t want to risk damaging the customer relationship and prefer to maintain control over interactions. But at this point, the customer hasn’t responded to any of your proactive A/R management or more aggressive methods for invoice collections.