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ERP Dunning Emails vs. A/R Collections Automation: Key Differences

Gaviti

In addition, the collections team may focus on low risk customers, leading to missed opportunities. What is A/R Collections Automation? A/R collections automation is a tool that automates many aspects of your dunning process as well as other accounts receivables process. More accurate.

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ERP Dunning Emails vs. A/R Collections Automation: Key Differences

Gaviti

In addition, the collections team may focus on low risk customers, leading to missed opportunities. What is A/R Collections Automation? A/R collections automation is a tool that automates many aspects of your dunning process as well as other accounts receivables process. More accurate.

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It's Time for a Layered Approach to Collections

Your Virtual Credit Manager

Learn More About YVCM Consulting The Traditional Approach to Automating Collections Automation introduced a structured approach to collection strategies, driven by trigger events such as days past due, missed payments, or non-responsiveness to communication. What do you need help with?

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Is It Too Late to Achieve Your End-of-Year DSO Goals?

Your Virtual Credit Manager

Chances are, there is a lot that needs to be done in terms of accounts receivable (AR) management between now and December 31st, especially if you are short of your Days Sales Outstanding (DSO) goals. In those cases, push for as large an initial payment as possible.

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Accounts Receivable Analysis: Meaning, Objectives, Importance

Gaviti

Are you able to collect invoices on all of the revenue your business generates? What are the average days sales outstanding? Consider the following examples: How much revenue does your business generate? How quickly are customers paying their invoices? Are you offering discounts for early payment?

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Disconnected Systems Leads to Disparate Cash Flows

Lockstep

Whether that be an email that comes in asking for a copy of an invoice an explanation of why they’re being charged a certain amount, these errors will impact days sales outstanding (DSO). . These disconnected systems can hurt cash flows and productivity.