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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. Based on this industry outlook, there was staff performing collections and deduction resolution, but no credit function.

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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.

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Best Accounts Receivable (AR) Automation Software Vendor

Emagia

Key Capabilities of Emagia AI-Driven Accounts Receivable Automation Automates invoicing, payment tracking, and collections Uses AI to predict customer payment behavior Provides intelligent cash forecasting to improve financial planning Digital Credit Management AI-powered risk assessment for customer credit profiling Real-time credit monitoring and (..)

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Accounts Receivable Analysis: Meaning, Objectives, Importance

Gaviti

Disputes and deductions. 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. Collaborate between departments to resolve disputes effectively.

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How AI Can Mitigate B2B Collections Risks

Gaviti

The Role of AI in the B2B Collections Process To address the challenges above, many businesses have turned to B2B collections automation, which automates collections , one of the main elements of A/R that is tedious and prone to manual error. These include: Automate cash application and remittance.

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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.

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The Case for Electronic Invoice Presentment and Payment

Your Virtual Credit Manager

From an accounts receivable (AR) perspective, digitization began accelerating in the late eighties with the introduction of tools that could help with financial analysis followed by collection, deduction management, and remittance processing software in the nineties.