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Key features of Gaviti’s autonomous invoice-to-cash A/R management platform include: A/R Analytics: A robust dashboard providing real-time insights into collections performance, enabling data-driven decisions to enhance the dunning process over time. This system helps identify patterns and proactively reduces future disputes.
Benefit from fast and accurate cashapplication that requires also no human intervention. By incorporating AI into your A/R processes, you can improve cash flow predictability and significantly reduce manual efforts, allowing your team to focus on strategic initiatives.
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 cashapplication or credit needs. Offer a range of payment methods and, if available, a link to your customer paymentportal from the invoice itself.
For example, some might prefer to pay in person via credit or debit card. Cashapplication. Automatically match customer invoices against payments with 100% accuracy using Gaviti’s payment gateway. Credit management and monitoring. and unique KPIs.
Customers should have access to a secure portal where they can view the status of disputes in accounts receivables in real time. In addition, after disputes are settled, customers should have the option of making payments directly through an integrated customer paymentportal. Credit Management and Monitoring.
Its modules include: Cashapplication. Associate each payment with its corresponding invoice for precise application and reconciliation of payments with remittance information such as invoice numbers or payment references. Credit monitoring and management.
Cashapplication. Automate the matching of invoices to payments, eliminating human error involved with manual matching and accelerating the bank reconciliation process. Credit monitoring and management. For example, data from your cashapplication component can be used for more accurate credit management.
A/R solutions in particular streamline each aspect of accounts receivable, from collections to credit management, cashapplication and disputes and deductions. CashApplication. That means 100% matching for customers using Gaviti’s paymentportal and 95% for payments made to the bank or a lockbox.
It’s important to receive regular risk assessments for your customers to verify their creditworthiness and extend credit to them based on their payment history, not out of courtesy. Ideally, customer creditapplications should be streamlined to focus on only the most important information to ensure they are quick and accurate.
It’s important to receive regular risk assessments for your customers to verify their creditworthiness and extend credit to them based on their payment history, not out of courtesy. Ideally, customer creditapplications should be streamlined to focus on only the most important information to ensure they are quick and accurate.
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 paymentportals also offer another convenient payment channel that minimizes errors, encourages timely payments and improves overall customer satisfaction.
3) Examine Your Credit Needs You’ll also need to take a good look at your credit needs and how much risk you are willing to take with customers. You will also need to look at how much time it takes to approve new customers, review creditapplications, etc. credit scores, payment history, etc) is dynamic.
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