Remove Cash Applicator Remove Collection Effectiveness Index Remove Payment Portals
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How to Automate the Collection Process to Eliminate Manual Tasks

Gaviti

Some companies want to simply reduce the effort they spend on manual tasks to focus on high-impact tasks, while others may envision it as a way to help them achieve their specific cash application or credit needs. Offer a range of payment methods and, if available, a link to your customer payment portal from the invoice itself.

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Accounts Receivable Analysis: Meaning, Objectives, Importance

Gaviti

A/R turnover ratio: This measures how quickly you collect receivables. Collection effectiveness index: This measures how well you collect payments from customers. Collections analytics. Cash application. For example, some might prefer to pay in person via credit or debit card.

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7 Strategies to Reduce DSO and Enhance Cash Flow

Gaviti

Make paying as easy as possible by giving customers many payment options, including credit or debit cards, digital payments, check, bank transfers, etc. Self service customer payment portals also offer another convenient payment channel that minimizes errors, encourages timely payments and improves overall customer satisfaction.

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