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Its order to cash software delivers reports that go beyond the standard collections, deductions, cashapplication, credit, electronic invoicing, and payment processes to include KPI tracking that uncover insights to help improve performance.
Cashapplication. Ensure precise cash allocation and real-time reconciliation with your primary bank and manage cash from multiple sources with multi-bank connectivity. Credit management and monitoring. Send onlinecreditapplications to both existing customers and potential prospects.
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 creditrisk. Carefully assess the payment history of the company and the risk it poses to your business. Cashapplication.
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