Gaviti

JULY 18, 2024

Gaviti’s invoice-to-cash A/R management and automation platform helps organizations streamline their entire A/R lifecycle, from invoice distribution and credit monitoring through cash application, disputes and deductions. Credit Management and Monitoring. Cash Application.

Cash Forecasting 95

Cash Forecasting DSO Credit and Collections Deductions 95

Your Virtual Credit Manager

APRIL 4, 2023

Refresh the credit risk ratings and credit limits of customers that have not been updated within the past two years (one year if possible). Review the accounts in descending order of annual purchases, so you cover the majority of your credit risk in a short time period.

Past Due Invoices 100

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

Gaviti

AUGUST 27, 2024

Its modules include: Cash application. 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. Collections Analytics.

DSO 92

DSO Credit and Collections Deductions Payment Portals 92

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

Emagia

SEPTEMBER 27, 2023

However, enduring concerns loom about ChatGPT or any AI solution that relies on open cloud data because there is so much false information being sourced on the internet. The fast-growing adoption of ChatGPT throughout various industries and online culture has been identified as the pivotal factor driving businesses toward AI and automation.

B2B Credit 52

B2B Credit Credit and Collections Order to Cash Cash Applicator 52

Serrala

MARCH 14, 2024

Read more Automate your credit risk management lifecycle value with AI-enabled processes to help protect your bottom line and improve customer trust. Read more Easily manage customer credit risk Automate your credit risk management lifecycle value with AI-enabled processes to help protect your bottom line and improve customer trust.

Credit and Collections 52

Credit and Collections DSO Days Sales Outstanding Invoice to Cash 52

Gaviti

OCTOBER 13, 2024

Proactively identify credit risks. AI can also analyze vast amounts of data to measure credit according to a baseline, discover patterns and predict future payment behavior based on the baseline and patterns. It can also more effectively predict the risk of newer customers. More accurate reporting. Get customer insights.

Credit and Collections 59

Credit and Collections Automated Cash Application Bad Debt Invoice Amount 59

Gaviti

OCTOBER 10, 2024

A/R solutions in particular streamline each aspect of accounts receivable, from collections to credit management, cash application and disputes and deductions. For example, finance teams might apply it towards cash flow forecasting, credit risk assessment and identifying the best investment opportunities.

Invoice to Cash 52

Invoice to Cash Credit and Collections Payment Portals DSO 52

Gaviti

FEBRUARY 6, 2023

As accounting processes continue to evolve, it’s becoming increasingly clear that harnessing the power of technology can help businesses streamline their operations and make more informed decisions. Credit check and risk analyses, which offer a concrete way to determine which clients are most at risk of defaulting on payment terms.

AR Automation 52

AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 52

Emagia

SEPTEMBER 23, 2024

Collections and Cash Application Integrating GenAI into the collections process can significantly improve efficiency by predicting payment delays using customer behavior, payment trends, and historical data. These insights enable management to make informed decisions and optimize cash flow.

Invoice to Cash 52

Invoice to Cash Order to Cash Credit and Collections Bad Debt 52

Gaviti

APRIL 18, 2024

This report is a valuable tactic to stay on top of cash flow and improve short-term collections forecasting. It usually includes information such as the customer name, invoice details, amount due, outstanding balances and the aging categories (e.g. Cash flow problems usually relate to collection policies or customer behavior.

AR Aging 52

AR Aging Credit and Collections Bad Debt Allowance for Doubtful Accounts 52

Gaviti

DECEMBER 28, 2023

It seems counterintuitive, but automating the collection process to communicate as much information as possible regarding customer invoices ahead of time and relying on collection calls later in the customer lifecycle can drastically reduce the collection calls your business needs to make, saving time and resources.

Credit and Collections 52

Credit and Collections Invoice to Cash Deductions Collector 52

Gaviti

JUNE 25, 2024

Wouldn’t it be nice to be able to accurately predict your future cash flow? You could better allocate funds and make more informed business decisions. If you know what your A/R will look like in the future, you won’t have to rely on external financing options to boost your cash flow. Cash Application.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Deductions 52

Emagia

MAY 15, 2024

Organizations leveraging AI and data analytics for informed decision-making gain a competitive edge, leaving those lagging struggling to react to challenges rather than proactively respond. Its capacity to adapt to organizational changes ensures precise forecasting, vital for informed decision-making.

Default 52

Default Credit Risk Cash Applicator 52

Emagia

MAY 1, 2024

Despite this progress, Schmidt notes that many companies may be missing out on AI’s potential due to a lack of information about its applications and benefits. A second use is for traditional credit functions: cash application and cash forecasting become easier with AI.

Order to Cash 52

Order to Cash Cash Forecasting Credit and Collections Shared Service Center 52

Gaviti

FEBRUARY 18, 2024

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 credit applications should be streamlined to focus on only the most important information to ensure they are quick and accurate.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

Gaviti

FEBRUARY 18, 2024

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 credit applications should be streamlined to focus on only the most important information to ensure they are quick and accurate.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 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

Gaviti

SEPTEMBER 23, 2024

These two KPIs aren’t perfect, but they inform decisions that ultimately determine how much cash you have available. Gaviti’s autonomous invoice-to-cash A/R management platform helps you streamline the entire process, improving DSO on average by 30% and reducing the number of outstanding invoices by 60%.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Credit Sales 52

Gaviti

JUNE 13, 2024

Many businesses rely on manual spreadsheets to manage their accounts receivables process, often with each individual collector only having information about his or her own accounts. Cash Application. Tailor the risk assessment process of each customer according to the requirements that align with your business needs.

DSO 40

DSO Credit and Collections Deductions Collector 40

Gaviti

APRIL 3, 2024

With a self service payer or customer portal, customers also don’t need sensitive information such as your bank account details. Use a credit monitoring tool to example customers’ past payment history and require stricter payment terms and implement tighter escalation processes for customers who present a higher credit risk.

DSO 52

DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

Lockstep

NOVEMBER 8, 2022

Lockstep Receivables allows SYSPRO customers to manage the invoice-to-cash process through automated communication; customer-self-service, including online payment capabilities; and automated cash application. By automating a company’s collections process, cash flow is increased, and credit risk is decreased.

AR Automation 123

AR Automation Accounts Receivable (AR) Automated Cash Application Invoice to Cash 123

Your Virtual Credit Manager

DECEMBER 24, 2024

Even if there is a single person credit department, or a small team with several people on the credit staff, everybody has to be somewhat of a generalist, splitting time between credit analysis, collections, deductions resolution, cash applications and other AR activities. What else can be done?

Credit and Collections 130

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

Your Virtual Credit Manager

JANUARY 21, 2025

at order entry, order approval, shipping, billing, or cash applications—there are serious negative impacts on the cash conversion cycle regarding the collection workload and payment timeframes. What information is readily available, and what information takes time to find? What are missing?

Order to Cash 130

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

Emagia

DECEMBER 30, 2024

Payment Processing : Automated systems facilitate various payment methods, including credit cards and ACH transfers, providing customers with convenient options and ensuring prompt payment processing. Set Clear Objectives : Define specific goals for automation, such as reducing Days Sales Outstanding (DSO) or improving cash application rates.

AR Automation 40

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