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.

DSO 52

DSO Days Sales Outstanding Revenue Recognition Credit and Collections 52

Gaviti

JUNE 10, 2024

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. For example, some may focus on transaction speed while others rely on machine learning algorithms for optimization. Cash Application.

Payment Portals 52

Payment Portals Electronic Funds Transfer Credit and Collections Cash Applicator 52

Emagia

FEBRUARY 5, 2023

Cash Application This process in AR management, if done manually, can consume a lot of time of AR team and make collection follow up difficult, and create a not-so-happy experience for both the team and customers. The process can get more cumbersome if deductions are involved.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 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, IBM was able to adopt RPA to assist transactional pricers in determining the pricing of high-volume IBM software subscriptions, renewals and upgrades to sellers, saving them over 4,800 manual hours annually. In addition, more accurate bookkeeping and cash application free of errors delivers a better customer experience.

DSO 52

DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

Gaviti

JUNE 17, 2024

They simply need a way for their customers to make a straightforward transaction. When connected to an invoice-to-cash A/R management and automation platform, they can also receive automated payment reminders and confirmation that enhance their experience. The elimination of manual processes. Integrated payment gateways.

Payment Portals 52

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

apruve

JULY 25, 2022

The HighRadius Accounts Receivable Solution digitalizes and integrates credit, billing and invoicing, cash application, deductions, and collections in order to reduce invoice-to-cash process times, improve the customer experience, and give A/R teams more time to focus on mission-forward tasks. What Sets HighRadius Apart.

DSO 52

DSO Credit and Collections Order to Cash Days Sales Outstanding 52

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. Its modules include: Cash application. Disputes and deductions. Scalability. A shorter implementation time.

DSO 52

DSO Credit and Collections Deductions 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