Gaviti

DECEMBER 6, 2023

The same challenge presents itself with outsourced teams, however, who typically hire additional staff to scale the collections process. Cash Application. Dispute and Deductions Management. A/R software automation, however, gives businesses a scalable process that eliminates much human error and inefficiency.

Credit and Collections 52

Credit and Collections Invoice to Cash Deductions Cash Applicator 52

Gaviti

JUNE 10, 2024

If your business is scaling and expanding into new geographic regions, it may present challenges in collecting receivables. Cash Application. When using the Self-Service Payment Portal, automated cash application ensures real-time reconciliation, expediting the cash application process and reducing processing delays.

Payment Portals 52

Payment Portals Electronic Funds Transfer Credit and Collections Cash Applicator 52

Gaviti

DECEMBER 28, 2023

Aggregating data from collections calls is challenging and doesn’t offer a holistic view into the customer’s present financial situation. Third parties can present your company with challenges with regards to your customer’s data privacy. They deliver poor visibility into customer information.

Credit and Collections 52

Credit and Collections Invoice to Cash Deductions Collector 52

Emagia

MAY 1, 2024

In the debut episode of the Emagia AI For Finance podcast series, Schmidt spoke about the growing role (and present) of automated collections and predictive analytics, among other autonomous finance and AI-fueled processes, as businesses recognize the transformative potential of AI.

Order to Cash 52

Order to Cash Cash Forecasting Credit and Collections Shared Service Center 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

APRIL 3, 2024

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. Disputes and deductions. Cash application. Customize the payment terms for each client.

DSO 52

DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

Gaviti

FEBRUARY 18, 2024

Collecting debt presents challenges in complying with various regulations, not to mention cultural and language barriers. Cash Application. Manage cash from multiple banks, accurately matching payments with invoices to ensure improved visibility into your cash position. Dispute Management and Deductions.

Debt Collections 52

Debt Collections Credit and Collections Days Sales Outstanding Invoice to Cash 52

Emagia

JANUARY 22, 2023

Intelligent forecasting and budgeting supported by automation tools can present unbiased insight into actionable items to help improve the top line, bottom line, and cash flow. By adopting emerging technologies like AI, ML, and Automation, such time-consuming and mundane tasks can be automated.

Days Sales Outstanding 52

Days Sales Outstanding AR Automation Order to Cash DSO 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