Your Virtual Credit Manager

OCTOBER 25, 2022

However, any departure from the routine can lead to posting delays in addition to impacting future revenue and cash flow, alienating customers, and increasing administrative costs. Wasted Collection effort – contacting customers to pay invoices they’ve already paid. Who would’ve thought?

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Cash Applicator Deductions 130

Gaviti

MARCH 27, 2024

Increased globalization and cross-border transactions, a proliferation of diverse payment channels and methods, and rising customer expectations are creating more complex business environments for accounts receivable teams. As a result, they have increasingly turned to automated cash application to adapt to these challenges.

Automated Cash Application 52

Automated Cash Application Cash Applicator DSO Invoice to Cash 52

Emagia

JANUARY 3, 2023

Emerging technologies such as AI, ML, RPA, Robotics, IoT, and blockchain, among others, are making all business operations and processes including Order to Cash (OTC) or a Cash Application autonomous with minimum human supervision and support. Why Is Autonomous Cash Application Important? Key Take Aways.

Cash Applicator 52

Cash Applicator Automated Cash Application DSO Credit and Collections 52

Gaviti

JULY 24, 2024

Efficient invoice processing is critical to keeping your cash flow healthy. Invoice Collection: When the accounting department receives the invoice, the accounts payable team confirms whether it ordered and received the product or service. Sometimes, the team might wait until the deadline to hold on to cash for emergencies.

Credit and Collections 98

Credit and Collections Bad Debt Payment Portals Cash Applicator 98

Gaviti

MARCH 6, 2023

Cash application solutions are an integral part of financial operations. They can streamline and automate the cash flow planning process while making it easier to manage payments and keep track of transactions. What Is a Cash Application?

Cash Applicator 52

Cash Applicator Order to Cash Cash Forecasting Bad Debt 52

Emagia

MARCH 3, 2025

The Accounts Receivable (AR) Process Cycle is a fundamental component of a company’s financial operations, encompassing the series of actions taken to manage and collect payments owed by customers for goods or services provided on credit. A structured dispute resolution process minimizes delays in payment collection.

Days Sales Outstanding 40

Days Sales Outstanding DSO AR Reporting Credit and Collections 40

Emagia

FEBRUARY 20, 2025

Automating these processes not only enhances accuracy but also ensures timely collections, thereby improving cash flow and reducing the days sales outstanding (DSO). Credit Management Automation Implementing automated credit management allows businesses to assess customer creditworthiness efficiently.

AR Automation 40

AR Automation Credit and Collections Cash Applicator DSO 40

Your Virtual Credit Manager

APRIL 4, 2023

Supporting profitable sales through the extension of credit Collecting as much of the AR generated as possible by or near the due date to ensure a substantial cash inflow Mitigating the risk of bad debt losses These tasks are best accomplished in a tidy environment. What constitutes optimization of a company’s AR?

Past Due Invoices 100

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

Gaviti

AUGUST 27, 2024

A vendor solution that was built ahead of time to accommodate a wide range of industries and business transactions should be easily scalable to accommodate your growing business needs. Make better credit decisions, lower DSO, and reconcile payments with near perfection. Its modules include: Cash application. Scalability.

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DSO Credit and Collections Deductions Payment Portals 92

Emagia

AUGUST 1, 2023

One doubt that always pops up regarding is if accounts receivable is a debit or credit. The amount represents a financial obligation owed to the business, reflecting the outstanding balance yet to be collected. This article will detail the fundamental principles underlying the proper classification of accounts receivable.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections Cash Applicator Credit Representative 52

Emagia

NOVEMBER 21, 2023

As a longtime leader in the AI-based order-to-cash solutions industry, conferences around the world ask for Emagia representatives to appear and speak Artificial Intelligence, automation, and GenAI in finance. How can AI improve Cash App? The potential of AI to transform Cash Application processes is significant, if not revolutionary.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Cash Applicator 52

Serrala

AUGUST 29, 2022

The below will guide you through a few easy steps to identify if your credit landscape is due an upgrade. Credit Risk Management Software for Effective Credit Control Proactive credit risk management is a must to support a healthy business strategy.

Credit and Collections 52

Credit and Collections Credit Risk Dashboards Credit Scoring 52

Gaviti

JUNE 10, 2024

If your business is scaling and expanding into new geographic regions, it may present challenges in collecting receivables. That means you’ll need to ensure that customers can pay in the most convenient way for them while minimizing declines transactions and latency. Deliver intelligent transaction routing.

Payment Portals 52

Payment Portals Electronic Funds Transfer Credit and Collections Cash Applicator 52

Emagia

DECEMBER 3, 2024

Industries with High Transaction Volumes Certain industries deal with thousands—or even millions—of transactions every month. Managing credit approvals, invoicing, collections, and deductions manually can be overwhelming, error-prone, and inefficient. Let’s explore.

Days Sales Outstanding 52

Days Sales Outstanding Revenue Recognition DSO Credit and Collections 52

billtrust

DECEMBER 20, 2022

Automation brings B2B opportunities for B2B transactions. Best practices and solutions for scaling cash application and to accelerate payments. She recently was a guest speaker at a Billtrust webinar where the discussion focused on the most pressing cash application challenges burdening AR departments.

AR Automation 52

AR Automation Digital Lockbox Cash Applicator Collector 52

Emagia

FEBRUARY 5, 2023

Automation of accounts receivable is the process of automating various manual tasks involved AR process like invoicing, collecting, and tracking receivable to ensure timely collection. A study by Forbes, found that around 75% of companies reported having less than two months of operating cash at their disposal.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Gaviti

FEBRUARY 5, 2024

This release features the innovative Cash Application module, significant Credit Management enhancements, and the introduction of Gaviti Pay – a versatile payment gateway for streamlined, secure transactions. Pre Collection” Status : Enhanced internal Invoice Approval Feature.

Cash Applicator 52

Cash Applicator Dashboards DSO Credit and Collections 52

Serrala

MARCH 14, 2024

Optimizing the Order-to-Cash cycle: Accounts receivable teams trust Serrala Radically simplify even the most complex transactions, automate invoice posting, get paid quicker and with full visibility and compliance across your entire customer ecosystem. Bild What can our AR solutions do for you?

Credit and Collections 52

Credit and Collections DSO Days Sales Outstanding Invoice to Cash 52

Serrala

MARCH 14, 2024

Energy and utilities companies must innovate and look at how technology can increase the processing of financial data at a faster speed, whilst increasing cost efficiencies by improving timely bill payment, speedy cash application, and optimizing outbound payments.

Credit and Collections 52

Credit and Collections Automated Cash Application Cash Applicator Bad Debt 52

Gaviti

MARCH 3, 2024

For example, RPA in accounts receivable can automate invoice distribution, payments, collections, payment matching and reconciliation. RPA use cases in finance include invoice processing, bank reconciliation, accounts payable and receivable, payroll processing and credit and risk management. Collections analytics.

DSO 52

DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

apruve

JULY 25, 2022

Accounts receivable automation software automates a company’s invoicing and collections processes. Some of these platforms help companies improve B2B customer purchase experiences with buyer portals, credit automation, and B2B payment automation. However, only one platform integrates trade credit and A/R automation : Apruve.

DSO 52

DSO Credit and Collections Order to Cash Days Sales Outstanding 52

Gaviti

JUNE 17, 2024

A B2B customer payment portal facilitates customer payment collection by customers of B2B businesses the ability to pay their receivables, which are often high-volume and complex. They simply need a way for their customers to make a straightforward transaction. Improving the B2B collections experience. Payment history.

Payment Portals 52

Payment Portals Electronic Funds Transfer Invoice to Cash Credit and Collections 52

Gaviti

APRIL 24, 2024

Dunning workflows are a series of automated emails and actions that A/R teams use to collect invoices from customers. Having the best dunning workflow for each customer is the key to increasing your cash flow. In some companies, the implementation of dunning workflows increases cash flow by a significant percentage almost instantly.

DSO 52

DSO Credit and Collections Bad Debt Days Sales Outstanding 52

TreviPay

AUGUST 30, 2023

Making Working Capital Work for You (and your Buyers) TreviPay’s configurable invoicing platform offers flexible funding sources so you can reduce reliance on credit cards and associated fees. Real-time screening and underwriting means customers get real-time credit decisions, for credit lines of $100,000 and under.

B2B Credit 52

B2B Credit Credit and Collections Bad Debt Transactions 52

The Corcentric Blog

MAY 22, 2023

Oftentimes, investments in accounting applied technologies, such as accounts receivable cash application, fail to recognize the extensive value that these applications bring in terms of scalability, efficiency and accuracy.

Order to Cash 40

Order to Cash Cash Applicator Credit and Collections Transactions 40

TreviPay

APRIL 11, 2023

This caused them to adopt a defensive risk posture, reduce credit lines previously extended to business customers and reduce their customer base by 50%. Economic factors stemming from the financial crisis in 2008, and more recently, because of the global pandemic, heightened the retailer’s adversity to risk.

DSO 52

DSO Bad Debt Credit and Collections Order to Cash 52

Serrala

MARCH 14, 2024

Successful consumer goods businesses must navigate these challenges to ensure a strong working capital position and sustainable cash flow by adopting agile inventory management practices, optimizing payment terms, and leveraging technology to enhance efficiency in supply chains and financial operations.

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk AR Automation 52

Emagia

APRIL 19, 2023

Banks still handle lockbox payments during regular business hours, ensuring the money is credited to the company’s account the same day. In contrast to electronic methods like bank transfers, and credit and debit cards, it will still be ineffective. When the volume of transactions is high, they are vulnerable to fraud and human errors.

Credit and Collections 52

Credit and Collections Transactions Cash Applicator 52

Your Virtual Credit Manager

SEPTEMBER 13, 2022

Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo. If not approved, there should be an attempt to collect the disputed amount to avoid diluting profits, and if not collected, the deduction should be cleared by a bad debt write-off.

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Your Virtual Credit Manager

DECEMBER 24, 2024

A key difference (besides volume of transactions) is the lack of labor specialization. Photo by CDC on Unsplash Credit & Collection results suffer greatly from lack of attention and expertise. Hiring an experienced full-time person to perform the Credit & Collection tasks is not financially possible.

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Credit and Collections Collector Bad Debt Accounts Receivable (AR) 130

Your Virtual Credit Manager

JANUARY 21, 2025

Large swaths of the order-to-cash (O2C) process involve credit and collection activities. Broadly defined, the credit’s contributions involve approving new customers for open terms and new orders at the front end of the O2C cycle. Your Virtual Credit Manager is a reader-supported publication.

Order to Cash 130

Order to Cash Credit and Collections Bad Debt Accounts Receivable (AR) 130

TreviPay

OCTOBER 30, 2024

A successful order-to-cash (O2C) process will end with a payment. For B2B customers, applying cash to a specific invoice or transaction is crucial for on-time payments. Even if you apply cash FIFO for smaller customers, be prepared to meet the challenge of cash application per the customer’s instructions.

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Cash Applicator Credit and Collections Short Pay Order to Cash 111

Trade Credit & Liquidity Management

APRIL 16, 2025

This integration allows Instacart Business customers—ranging from small teams to large enterprises—to apply for invoicing, receive instant credit decisions, and manage payments seamlessly in-app, without being redirected or needing third-party logins.

Accounts Receivable (AR) 52

Accounts Receivable (AR) AR Automation Credit and Collections Invoice to Cash 52

Emagia

FEBRUARY 14, 2025

This integration encompasses functions such as credit management, invoicing, collections, deductions, and cash application. Dynamic Credit Limits: Adjusting credit limits in real-time based on customer payment behavior and financial health.

Days Sales Outstanding 40

Days Sales Outstanding DSO Credit and Collections Cash Applicator 40

Emagia

DECEMBER 30, 2024

In today’s fast-paced business environment, efficient management of accounts receivable (AR) is crucial for maintaining healthy cash flow and ensuring organizational profitability. AR automation emerges as a transformative solution, streamlining financial transactions between companies and their customers.

AR Automation 40

AR Automation Accounts Receivable (AR) Days Sales Outstanding Credit and Collections 40