Gaviti

JANUARY 6, 2025

Managing accounts receivable can be challenging, but having a structured approach to writing collection reminders can make a significant difference. It is more efficient to send these reminders as soon as the invoice is issued and also another reminder at least a week before the payment is actually due.

Credit and Collections 92

Credit and Collections Days Sales Outstanding Invoice to Cash Invoice Amount 92

Gaviti

APRIL 11, 2024

Analyze your payment terms: Should you change your payment terms? Are you offering enough or too much credit to customers? Are you able to collect invoices on all of the revenue your business generates? Are you offering discounts for early payment? Does your business reconcile payments accurately each month?

Bad Debt 98

Bad Debt Credit and Collections Collection Effectiveness Index DSO 98

Gaviti

NOVEMBER 24, 2024

The sooner your business collects on its invoices, the lower your financial risks and the better your financial position. One of the fastest ways to do this is via collections process automation to streamline the A/R process, eliminate manual tasks, and ensure timely follow-up with customers.

Credit and Collections 52

Credit and Collections DSO Average Days Delinquent Collection Effectiveness Index 52

Gaviti

AUGUST 27, 2024

Make better credit decisions, lower DSO, and reconcile payments with near perfection. Offer customers a variety of payment methods directly through the online payment portal , including credit and debit cards, ACH, electronic payments, and more. Credit monitoring and management.

DSO 92

DSO Credit and Collections Deductions Payment Portals 92

Gaviti

JULY 11, 2024

Benefits of Accounts Receivable Automation Software Whether your goal is to automate the collections process with accounts receivable automation software or scale it as your company grows,you’ll want to look for a solution that offers the most benefits for your business. Having a proactive collections strategy.

DSO 52

DSO AR Automation Credit and Collections Bad Debt 52

Gaviti

FEBRUARY 18, 2024

Not receiving timely payments at regular periods makes it difficult for you to pay your vendors and suppliers on time as well as make payroll. If late invoice payments cause you to miss loan repayments, it can impact your credit, and, if it continues, can land you in court. Offer different payment options.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

Gaviti

FEBRUARY 18, 2024

Not receiving timely payments at regular periods makes it difficult for you to pay your vendors and suppliers on time as well as make payroll. If late invoice payments cause you to miss loan repayments, it can impact your credit, and, if it continues, can land you in court. Offer different payment options.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52