article thumbnail

5 Accounts Receivable Collection Mistakes You Should Avoid

Gaviti

Automating cash applications also boosts cash flow by reducing errors, allowing customers to receive payment confirmations faster. Reach out to customers as soon as an invoice is late, send reminders well in advance, and automate cash application and ERP integration for seamless A/R management. Cash application.

article thumbnail

The Role of AI in Cash Application

Gaviti

Artificial intelligence is now an integral part of what makes accounts receivable software work and cash application solutions in particular. By automating the many steps required in the manual cash application, you reduce the resources needed to verify each step and identify and fix any errors. Reduced operational costs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Write Effective Past Due Invoice Emails: Templates and Best Practices

Gaviti

Reduce errors and avoid disputes in the cash application process with AI-powered remittance matching that delivers near 100% accuracy using Gavitis Self-Service Payer Portal. Eliminating the need for manual intervention, expedite the cash application process, and reduce payment processing delays. Get a demo today!

article thumbnail

Best 7 Cash Application Software Solutions of 2024

Gaviti

If you’ve been doing cash application manually, you know the downsides. As your business grows, you might consider moving to cash application automation with the help of either cash application software or cash application solutions. What is Cash Application?

article thumbnail

Combine Cash Application and S/4 Hana Implementation

Serrala

Combine Cash Application and S/4 Hana Implementation. Improve Cash Flow for the US Manufacturing Finance Industry. Combine Cash Application and S/4HANA Implementation . . Schedule a Demo. Serrala’s cash application solution is designed to meet your specific deployment requirements.

article thumbnail

Top Accounts Receivable Strategies for 2025

Gaviti

Benefit from fast and accurate cash application 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.

article thumbnail

5 Tips for an Automated Cash Application Process

Gaviti

As a result, they have increasingly turned to automated cash application to adapt to these challenges. What is Automated Cash Application? Traditionally, this cash application process has been 100% manual, consuming resources and leading to a high risk of human error. It is scalable.