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5 Tips for an Automated Cash Application Process

Gaviti

Increased globalization and cross-border transactions, a proliferation of diverse payment channels and methods, and rising customer expectations are creating more complex business environments for accounts receivable teams. As a result, they have increasingly turned to automated cash application to adapt to these challenges.

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AI-Powered Cash Application: How Does it Benefit the Cash Flow of Your Global Business?

Emagia

Emerging technologies such as AI, ML, RPA, Robotics, IoT, and blockchain, among others, are making all business operations and processes including Order to Cash (OTC) or a Cash Application autonomous with minimum human supervision and support. Why Is Autonomous Cash Application Important? Key Take Aways.

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Esker recognized as a Leader in the Gartner® 2023 Magic Quadrant™ for Integrated Invoice-to-Cash applications

The Esker Blog

So, here’s what we’ve come up with so far: Vision: We spend a lot of time and effort understanding the market and which functionalities are actually helpful to all stakeholders involved in a transaction. Download the report here. AR teams need a user-friendly solution that helps them to efficiently collect payments from customers.

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Accelerate digital payments by leveling up your AR automation

billtrust

Automation brings B2B opportunities for B2B transactions. Best practices and solutions for scaling cash application and to accelerate payments. She recently was a guest speaker at a Billtrust webinar where the discussion focused on the most pressing cash application challenges burdening AR departments.

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Are Your Profits Going Up in Smoke?

Your Virtual Credit Manager

Trade promotions are often taken as deductions, but are better managed as separate transactions. The second is knowledge of your Order-to-Cash process. Implement a best practice process flow: This should cover the creation of the deduction in the cash application process through to its clearing from the AR Ledger.

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What is AI-powered Accounts Receivable Automation Software: How Does it Work and Benefit Businesses?

Emagia

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. Automated AR software can bring in efficiency and speed to invoicing, collection, payment matching and cash application.

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Top 6 Dunning Workflow Best Practices

Gaviti

Get More Tips to Improve Your Dunning Emails This ebook will help you navigate complexities and unlock opportunities to yield more cash from your current revenue. Each of the different modules work together to optimize the entire A/R process, from cash application and credit monitoring to dispute management and resolution.

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