Remove Collections Automation Remove Credit Application Remove Deductions
article thumbnail

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
article thumbnail

AR Data Management, AR Automation, & Accelerating Cash Flow

Your Virtual Credit Manager

Over time, AR Ledgers unfortunately tend to collect “Clutter.” Match as many unapplied payments and unapplied credit memos to open invoices, deductions, and debit memos as possible. Write off the older, smaller deductions, debit memos, and even small invoices that will cost more to resolve than they are worth.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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. Disputes and deductions.

article thumbnail

Best 5 Autonomous Finance Tools for 2024

Gaviti

Since automation improves speed and accuracy, it is far more effective at scaling than manual methods. A/R solutions in particular streamline each aspect of accounts receivable, from collections to credit management, cash application and disputes and deductions. Credit Management and Monitoring.