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

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

FEBRUARY 27, 2025

Credit Congress & Expo Dates: May 1821, 2025 Location: Cleveland, Ohio Website: Credit Congress & Expo 2025 Credit is a vital component of accounts receivable health. The National Association of Credit Management (NACM) hosts the annual Credit Congress & Expo, focusing on business credit and financial management.

Invoice to Cash 66

Invoice to Cash Payment Portals Credit and Collections Days Sales Outstanding 66

Gaviti

SEPTEMBER 23, 2024

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. Two critical key performance indicators (KPIs) that help your accounts receivable team optimize collections are receivables turnover and days sales outstanding (DSO).

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Credit Sales 52

Gaviti

FEBRUARY 4, 2025

With increased interest rates and inflation, businesses are facing increasing pressure to collect cash faster. In 2025, successful businesses will: Analyze payment trends to refine credit terms and collection strategies. Many traditional KPIs, like DSO, are not always a good indicator of collection success.

Average Days Delinquent 59

Average Days Delinquent Credit and Collections AR Metrics Accounts Receivable (AR) 59

Gaviti

JUNE 19, 2023

Effective communication is the most critical aspect of any A/R collections strategy. But how do you create outstanding invoices and follow-up notices that convert bills into cash? Even so, there are some basics you can apply across most templates you may use for collections.

Days Sales Outstanding 98

Days Sales Outstanding Credit and Collections Payment Portals DSO 98

Emagia

FEBRUARY 21, 2025

It streamlines invoicing, payment collection, and reporting, thereby improving cash flow and reducing manual tasks. Importance of Accounts Receivable Software Implementing AR software offers several benefits: Efficiency : Automates repetitive tasks such as invoice generation and payment reminders, saving time and resources.

Payment Portals 40

Payment Portals Accounts Receivable (AR) Days Sales Outstanding Cash Applicator 40