Remove Cash Applicator Remove Credit and Collections Remove Invoice to Cash
article thumbnail

5 Accounts Receivable Collection Mistakes You Should Avoid

Gaviti

This mindset often leads to underinvestment in collections efforts, and when budget cuts are necessary, accounting departments like collections are typically the first affected. However, maintaining a steady cash flow is essential for business survival, and efficient collections directly impact the bottom line.

article thumbnail

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

Gaviti

Establishing a proper system for managing both open and overdue invoices that includes dunning workflows, reminder to pay invoice, and past due invoice emails proactively defends against extending credit to customers unable to pay. ACH, debit or credit cards, electronic wallets) and plans (e.g.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Esker recognized as a Leader in the Gartner® 2023 Magic Quadrant™ for Integrated Invoice-to-Cash applications

The Esker Blog

At Esker, we already felt honored to be named a Challenger in 2022’s first-ever Magic Quadrant for Integrated Invoice-to-Cash solutions. AR teams need a user-friendly solution that helps them to efficiently collect payments from customers. Now, we are all the more thrilled to make it into the Leader* quadrant for 2023!

article thumbnail

The Role of AI in Cash Application

Gaviti

Artificial intelligence is now an integral part of what makes accounts receivable software work and cash application solutions in particular. By automating the many steps required in the manual cash application, you reduce the resources needed to verify each step and identify and fix any errors. Reduced operational costs.

article thumbnail

How to Automate the Collection Process to Eliminate Manual Tasks

Gaviti

The sooner your business collects on its invoices, the lower your financial risks and the better your financial position. That means your accounts receivable team will want to do everything in its power to increase cash flow and reduce your DSO.

article thumbnail

Top Accounts Receivable Strategies for 2025

Gaviti

With increased interest rates and inflation, businesses are facing increasing pressure to collect cash faster. Benefit from fast and accurate cash application that requires also no human intervention. In 2025, successful businesses will: Analyze payment trends to refine credit terms and collection strategies.

article thumbnail

Top 5 Conferences for A/R Professionals in the USA in 2025

Gaviti

Credit Congress & Expo Dates: May 1821, 2025 Location: Cleveland, Ohio Website: Credit Congress & Expo 2025 Credit is a vital component of accounts receivable health. The National Association of Credit Management (NACM) hosts the annual Credit Congress & Expo, focusing on business credit and financial management.