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How Are Your Customers Doing?

Your Virtual Credit Manager

We often talk about the importance of having an efficient and effective collection process and how, from a process improvement perspective, collections automation provides substantial benefits. We don’t, however, want to minimize the importance of the credit side of the equation.

Bad Debt 130
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The Crucial Role of AI in Transforming Digital B2B Credit Applications

Emagia

With the rapid advancement of digital technology, businesses can no longer afford the inefficiencies of slow credit applications, validations, and approvals. Empowering the credit team with intelligent Order-to-Cash (OTC) digital solutions is essential. Conducting reference checks online instead of through paper applications.

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Accounts Receivable Analysis: Meaning, Objectives, Importance

Gaviti

Credit management and monitoring. Send online credit applications to existing and potential customers to evaluate customer’s creditworthiness. Get alerts in real-time of which customers are going beyond a predetermined credit threshold and reduce your risk of bad debt.

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AR Data Management, AR Automation, & Accelerating Cash Flow

Your Virtual Credit Manager

This included a 100 percent increase in past due collected. For the full story, check out “ Power Collecting: Automation for Effective Asset Management ,” Piumelli and Schmidt (Wiley 1998), pages 11-14 & 129. During 1995, DSO was reduced by an additional 10 percent, and bad-debt write-offs cut in half.

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Best 5 Autonomous Finance Tools for 2024

Gaviti

As an autonomous invoice-to-cash solution, its AI-copilot works throughout the A/R lifecycle to make workflow and communication suggestions in real-time, automating as much as possible yet also giving your staff the tools to operate the most efficiently on their own when necessary. Credit Management and Monitoring.