Credit and Collections, Credit Risk and Invoice to Cash

5 Ways AI & Generative AI (GenAI) Can Enhance the Invoice-to-Cash Process

Emagia

SEPTEMBER 23, 2024

Effective cash management is critical for organizations to meet financial obligations and invest in growth. A streamlined invoice-to-cash (I2C) process—an integral part of the broader order-to-cash (O2C) cycle—significantly impacts an organization’s ability to manage cash flow.

Invoice to Cash

Invoice to Cash Order to Cash Credit and Collections Bad Debt

5 Accounts Receivable Collection Mistakes You Should Avoid

Gaviti

NOVEMBER 21, 2024

This mindset often leads to underinvestment in collections efforts, and when budget cuts are necessary, accounting departments like collections are typically the first affected. However, maintaining a steady cash flow is essential for business survival, and efficient collections directly impact the bottom line.

Automated Cash Application

Automated Cash Application Credit and Collections Cash Applicator Deductions

Collections Forecasting – Key Things to Watch

Gaviti

JUNE 25, 2024

It relies on clients’ payment histories to determine what your cash flow will look like in the future. Why Is Forecasting Accounts Receivable Collections Important? Cash flow is essential for business. If you’re not sure what your cash flow will look like in the future, you won’t be able to make effective business decisions.

Days Sales Outstanding

Days Sales Outstanding DSO Credit and Collections Deductions

Invoice Arguments: Understanding the Importance of Collection Calls

Gaviti

APRIL 24, 2024

With the right dunning process in place, your A/R team can significantly minimize the need for collection calls. The right approach should be based on a number of factors, such as the type of industry, size of the client, customer risk, payment history, and length and history of the customer relationship.

Credit and Collections

Credit and Collections Invoice Collections Invoice to Cash Invoice Disputes

How to Reduce Collection Calls With A/R Automation Software

Gaviti

DECEMBER 28, 2023

Collections calls typically rely on a team of individuals, each responsible for his or her own accounts. Although the idea is for the collections teams to build a rapport with their customers, the approach is flawed. Other inefficiencies of collections calls include: They are resource-intensive.

Credit and Collections

Credit and Collections Invoice to Cash Deductions Collector

Top 7 Invoice Processing Best Practices for Your Business

Gaviti

JULY 24, 2024

Efficient invoice processing is critical to keeping your cash flow healthy. Invoice Collection: When the accounting department receives the invoice, the accounts payable team confirms whether it ordered and received the product or service. The team then compares the invoice bill to the purchase order.

Credit and Collections

Credit and Collections Bad Debt DSO Payment Portals

Best 5 Autonomous Finance Tools for 2024

Gaviti

OCTOBER 10, 2024

For example, autonomous A/R software automates the generation of recurring invoices and remittance, allowing finance teams to focus on collecting invoices from customers that can best optimize and accelerate their company’s cash flow. Ability to deliver a better customer experience. Offers a competitive advantage.

Invoice to Cash

Invoice to Cash Credit and Collections DSO Payment Portals

Product: FS2 Credit

Serrala

AUGUST 29, 2022

The below will guide you through a few easy steps to identify if your credit landscape is due an upgrade. Credit Risk Management Software for Effective Credit Control Proactive credit risk management is a must to support a healthy business strategy.

Credit and Collections

Credit and Collections Credit Risk Dashboards Credit Scoring

Receivables Turnover vs. Days Sales Outstanding (DSO): What’s the Difference?

Gaviti

SEPTEMBER 23, 2024

If cash flow is the lifeblood of any business, then accounts receivable (A/R) turnover is the heart that keeps cash flowing. Optimizing your collections process is crucial for cashflow. The better you optimize collections procedures and tasks, the more efficient and effective your A/R becomes.

Days Sales Outstanding

Days Sales Outstanding DSO Credit and Collections Credit Sales

The Importance of the Accounts Receivable Aging Report

Gaviti

APRIL 18, 2024

As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (AR) collections aging report. This report is a valuable tactic to stay on top of cash flow and improve short-term collections forecasting. It also identifies cash flow issues before they become problems.

AR Aging

AR Aging Credit and Collections Allowance for Doubtful Accounts Bad Debt

Industry: Pharmaceutical and life sciences

Serrala

MARCH 14, 2024

Read more Our solution provides 400 pre-built reporting KPIs for instant reporting on your cash position – giving you the power to make smart decisions about how to finance new product development and shore up supply chains. Reducing workloads, reducing fees, and increasing user satisfaction and performance levels across your AR teams.

Credit and Collections

Credit and Collections DSO Days Sales Outstanding Invoice to Cash

5 Methods to Reduce Late Payments

Gaviti

FEBRUARY 18, 2024

If late invoice payments cause you to miss loan repayments, it can impact your credit, and, if it continues, can land you in court. Employees who aren’t paid on time will find work elsewhere, making it hard to fulfill future customer requests, and send and collect invoices. These include: Lack of a unified process.

Credit and Collections

Credit and Collections Deductions Collector DSO

5 Methods to Reduce Late Payments

Gaviti

FEBRUARY 18, 2024

If late invoice payments cause you to miss loan repayments, it can impact your credit, and, if it continues, can land you in court. Employees who aren’t paid on time will find work elsewhere, making it hard to fulfill future customer requests, and send and collect invoices. These include: Lack of a unified process.

Credit and Collections

Credit and Collections Deductions Collector DSO

Rethinking Receivables (Part 1): 4 Strategies to Prioritize in 2023

The Esker Blog

DECEMBER 13, 2022

Talent attraction & retention Pace of digitalization & innovation Security risks & data breaches Increasing bad debt. Within the invoice-to-cash (I2C) process, there are many areas that AR leaders could focus on. customer insights (business history, payer performances, credit risk management, etc.),

Accounts Receivable (AR)

Accounts Receivable (AR) DSO Bad Debt Invoice to Cash

What Is the Accounts Receivable Process?

Gaviti

JUNE 13, 2024

This makes the process cumbersome, prone to human errors and challenging when collaboration is necessary between different collections agents, A/R roles or departments within your business. An accounts receivable workflow is the step-by-step process taken to record and collect the debt.

DSO

DSO Credit and Collections Deductions Collector

7 Strategies to Reduce DSO and Enhance Cash Flow

Gaviti

APRIL 3, 2024

Understanding Days Sales Outstanding Days Sales Outstanding, or DSO , is the average number of days it takes a company to collect revenue from an invoice. This includes both current, past and overdue invoices. Typically, a high DSO indicates that a company is having challenges collecting on invoices from its customers.

DSO

DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index

Short Term Vs Long Term Cash Flow Forecasting

Gaviti

JULY 18, 2024

Additionally, it allows accountants to ascertain whether they need to adjust credit strategies. Gathering data over longer periods may require cross-collaboration with teams and even manual data collection. Your business may not even have enough past data to make an accurate forecast of its cash flow for the long term.

Cash Forecasting

Cash Forecasting DSO Credit and Collections Deductions

Best Practices for Managing Delinquent Accounts in Accounts Receivable

Gaviti

NOVEMBER 16, 2023

The method you choose will depend on a range of factors, including how you define a delinquent account, the level of delinquency, how it impacts your organization, and whether or not it affects your company’s credit report. It can also impact your: Invoice-to-cash cycle. What are Delinquent Accounts? Need for financing.

Credit and Collections

Credit and Collections Bad Debt Invoice to Cash Debt Collections

Lockstep announces AR automation partnership with SYSPRO

Lockstep

NOVEMBER 8, 2022

Lockstep Receivables allows SYSPRO customers to manage the invoice-to-cash process through automated communication; customer-self-service, including online payment capabilities; and automated cash application. By automating a company’s collections process, cash flow is increased, and credit risk is decreased.

AR Automation

AR Automation Accounts Receivable (AR) Automated Cash Application Credit and Collections

Credit Management Source

5 Ways AI & Generative AI (GenAI) Can Enhance the Invoice-to-Cash Process

5 Accounts Receivable Collection Mistakes You Should Avoid

Trending Sources

Collections Forecasting – Key Things to Watch

Invoice Arguments: Understanding the Importance of Collection Calls

How to Reduce Collection Calls With A/R Automation Software

Top 7 Invoice Processing Best Practices for Your Business

Best 5 Autonomous Finance Tools for 2024

Product: FS2 Credit

Receivables Turnover vs. Days Sales Outstanding (DSO): What’s the Difference?

The Importance of the Accounts Receivable Aging Report

Industry: Pharmaceutical and life sciences

5 Methods to Reduce Late Payments

5 Methods to Reduce Late Payments

Rethinking Receivables (Part 1): 4 Strategies to Prioritize in 2023

What Is the Accounts Receivable Process?

7 Strategies to Reduce DSO and Enhance Cash Flow

Short Term Vs Long Term Cash Flow Forecasting

Best Practices for Managing Delinquent Accounts in Accounts Receivable

Lockstep announces AR automation partnership with SYSPRO

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