Gaviti

JANUARY 7, 2025

Key Components of an Effective Past Due Invoice Email All past due invoice emails should include specific details, such as: Relevant information. Any additional open invoices related to the account should also be included in the email. bank transfer details, link to online payment portal, etc.]

Past Due Invoices 105

Past Due Invoices Invoice Amount Payment Portals Credit and Collections 105

Gaviti

MARCH 27, 2024

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.

Automated Cash Application 52

Automated Cash Application Cash Applicator DSO Invoice to Cash 52

Your Virtual Credit Manager

OCTOBER 25, 2022

However, any departure from the routine can lead to posting delays in addition to impacting future revenue and cash flow, alienating customers, and increasing administrative costs. Wasted Collection effort – contacting customers to pay invoices they’ve already paid. Who would’ve thought? It’s their money.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Cash Applicator Deductions 130

Gaviti

APRIL 8, 2024

Proactive reminder emails Sending a dunning email before the invoice is due helps to open the channels of communication between you and your customer, especially if you do this while providing clear information about the invoice, including the invoice date, due date, payment details, account information and any other outstanding invoices.

Credit and Collections 98

Credit and Collections Invoice Collections Invoice to Cash Invoice Amount 98

Gaviti

OCTOBER 13, 2024

With AI gathering data from different sources including powering different self-service portals and remittance auto-matching information is updated more regularly, delivering a more accurate picture of a company’s cash flow. These include: Automate cash application and remittance. More accurate reporting.

Credit and Collections 59

Credit and Collections Automated Cash Application Bad Debt Invoice Amount 59

Gaviti

DECEMBER 28, 2023

It seems counterintuitive, but automating the collection process to communicate as much information as possible regarding customer invoices ahead of time and relying on collection calls later in the customer lifecycle can drastically reduce the collection calls your business needs to make, saving time and resources.

Credit and Collections 52

Credit and Collections Invoice to Cash Deductions Collector 52