Emagia

DECEMBER 4, 2024

In today’s fast-paced business world, managing financial operations efficiently is critical for companies that deal with high transaction volumes, complex payment cycles, and diverse customer bases. Manufacturing Manufacturers often juggle extensive customer bases, complex credit risks, and high invoicing volumes.

Revenue Recognition 52

Revenue Recognition Credit and Collections Days Sales Outstanding Deductions 52

Emagia

FEBRUARY 21, 2025

Understanding Accounts Receivable Accounts receivable represent the outstanding invoices a company has or the money clients owe the company for goods or services provided on credit. Best Practices for Managing Accounts Receivable Establish Clear Credit Policies Define the criteria under which customers are extended credit.

Days Sales Outstanding 40

Days Sales Outstanding DSO Bad Debt Credit and Collections 40

Your Virtual Credit Manager

SEPTEMBER 10, 2024

To optimize the order-to-cash (O2C) process, it's crucial to understand the significant role Credit and Collections plays. This function must collaborate closely with sales, fulfillment, shipping/logistics, and accounting, all of which are integral to converting an order into cash.

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

Emagia

MARCH 3, 2025

The Accounts Receivable (AR) Process Cycle is a fundamental component of a company’s financial operations, encompassing the series of actions taken to manage and collect payments owed by customers for goods or services provided on credit. A structured dispute resolution process minimizes delays in payment collection.

DSO 40

DSO Days Sales Outstanding AR Reporting Credit and Collections 40

Emagia

FEBRUARY 21, 2025

Accelerated Collections Process Automated reminders and follow-ups ensure that customers are promptly notified of outstanding invoices, leading to quicker payments. This reduces the Days Sales Outstanding (DSO) and enhances the company’s cash position. Audit trails to track every AR transaction securely.

Accounts Receivable (AR) 40

Accounts Receivable (AR) AR Automation Days Sales Outstanding DSO 40

Your Virtual Credit Manager

DECEMBER 19, 2023

As part of that budget, you have likely made some accommodation for your accounts receivable (AR), probably in the form of a Days Sales Outstanding (DSO) objective based on past performance. Hopefully, that is why you are reading Your Virtual Credit Manager. We can help you focus on the AR issues that matter the most.

DSO 130

DSO Third Party Collections Credit and Collections Deductions 130

Grit

MAY 26, 2024

Overview of B2B Accounts Receivable Automation B2B accounts receivable automation involves using software and technology to manage invoicing, payment collection, and financial reporting. Automated systems can handle large volumes of transactions with minimal human intervention, reducing the time and effort required for manual processing.

Collection Effectiveness Index 90

Collection Effectiveness Index Days Sales Outstanding Credit and Collections Bad Debt 90

Emagia

FEBRUARY 20, 2025

Automating these processes not only enhances accuracy but also ensures timely collections, thereby improving cash flow and reducing the days sales outstanding (DSO). Credit Management Automation Implementing automated credit management allows businesses to assess customer creditworthiness efficiently.

AR Automation 40

AR Automation Credit and Collections Cash Applicator DSO 40

Gaviti

DECEMBER 20, 2022

This includes tracking all data transfers, reviewing transaction logs, and checking for any discrepancies or errors that may arise. This helps to ensure that all outstanding payments get handled quickly and efficiently. Improved Management and Tracking of Collections. 30% improvement in days sales outstanding.

Days Sales Outstanding 98

Days Sales Outstanding Credit and Collections Transactions 98

Emagia

NOVEMBER 21, 2023

Most recently that meant talking with a group of leaders in the B2B credit industry as part of NACM South Central’s annual “Day at the Races” event in Louisville, KY. AI can also improve security by detecting fraudulent transactions in real-time and reducing false positives to enhance user trust. The short version is: yes.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Cash Applicator 52

TreviPay

MARCH 20, 2023

Credit management is integral to accounts receivable management. Good credit management supports consistent cash flow, smooth payment collections, customer satisfaction, and much else. Getting B2B credit management right can make a huge difference to a company’s success and growth… What is credit management?

B2B Credit 52

B2B Credit Credit Management Credit and Collections Days Sales Outstanding 52

Onguard

JULY 25, 2024

2 Three main challenges to technology in credit management Although new technologies -such as AI, RPA and blockchain- are on the rise within the finance department, implementation does not always go smoothly: 28% of finance professionals state that their team lacks the skills and/or knowledge to implement the technology.

Credit Management 52

Credit Management DSO Days Sales Outstanding Credit and Collections 52

Emagia

DECEMBER 3, 2024

Industries with High Transaction Volumes Certain industries deal with thousands—or even millions—of transactions every month. Managing credit approvals, invoicing, collections, and deductions manually can be overwhelming, error-prone, and inefficient. Let’s explore.

Days Sales Outstanding 52

Days Sales Outstanding Revenue Recognition DSO Credit and Collections 52

apruve

OCTOBER 5, 2022

Technology is revolutionizing business payments and trade credit management. If you’re a large business looking for better ways to manage trade credit , you might be wondering: How does trade credit work today? Fintech innovation makes it possible to automate all aspects of the trade credit process. What is Trade Credit?

Credit and Collections 52

Credit and Collections Days Sales Outstanding Default DSO 52

Emagia

FEBRUARY 5, 2023

Automation of accounts receivable is the process of automating various manual tasks involved AR process like invoicing, collecting, and tracking receivable to ensure timely collection. Credit Management The starting point in the AR process is credit check, though that is part of broader OTC process.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

TreviPay

AUGUST 27, 2024

The importance of accounts receivable outsourcing has grown as modern businesses begin to identify the need for experts to manage financial transactions to maintain healthy cash flow. This solution can also improve cash flow as it makes collecting payments much more efficient.

Credit and Collections 52

Credit and Collections Days Sales Outstanding Invoice Disputes Credit Risk 52

apruve

JULY 25, 2022

Accounts receivable automation software automates a company’s invoicing and collections processes. These platforms digitalize workflows and automate repetitive and time-consuming tasks, allowing A/R teams to manage a growing customer base more efficiently while reducing Days Sales Outstanding (DSO). What Sets Esker Apart.

DSO 52

DSO Credit and Collections Order to Cash Days Sales Outstanding 52

Serrala

MARCH 14, 2024

Serrala’s Alevate Bill Pay helps streamline your processes by simplifying the process of collecting payments from channels other than Direct Debit. Read more Stay secure and compliant Reduce your collections costs by 30-50% and lower total days sales outstanding by 1-2 days.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Default 52

Gaviti

APRIL 24, 2024

Dunning workflows are a series of automated emails and actions that A/R teams use to collect invoices from customers. The Dunning Notice: The Foundation of any Dunning Workflow A dunning notice , or dunning letter, is a document sent to customers at various stages in the dunning process to collect unpaid invoices.

DSO 52

DSO Credit and Collections Bad Debt Days Sales Outstanding 52

Serrala

MARCH 14, 2024

Optimizing the Order-to-Cash cycle: Accounts receivable teams trust Serrala Radically simplify even the most complex transactions, automate invoice posting, get paid quicker and with full visibility and compliance across your entire customer ecosystem. Bild What can our AR solutions do for you?

Credit and Collections 52

Credit and Collections DSO Days Sales Outstanding Invoice to Cash 52

Gaviti

MARCH 3, 2024

For example, RPA in accounts receivable can automate invoice distribution, payments, collections, payment matching and reconciliation. RPA use cases in finance include invoice processing, bank reconciliation, accounts payable and receivable, payroll processing and credit and risk management. Collections analytics.

DSO 52

DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

Emagia

JUNE 19, 2023

Invoices serve as a record of transactions between businesses and clients. Invoices record all the transactions that a business makes with its customers. An invoice is a vital record of sale that is required to have. Debit Invoice Debit invoices, unlike credit invoices, are issued by the customer when they have been underbilled.

AR Automation 52

AR Automation Past Due Invoices Accounts Receivable (AR) Days Sales Outstanding 52

Emagia

AUGUST 23, 2023

Receivables are the sums that a company’s customers or clients owe it for items sold or services provided on credit. When a company grants a customer short-term credit, they record a receivable in their accounting system and send them an invoice to collect payment. It stands for the business’s right to get paid by its clients.

Credit and Collections 52

Credit and Collections DSO Days Sales Outstanding Bad Debt 52

Emagia

AUGUST 19, 2024

Traditional manual AR processes, particularly cash applications, are often cumbersome, error-prone, and inefficient, especially for businesses handling a high volume of transactions. By leveraging this insight, businesses can implement more proactive collections strategies, leading to improved cash flow and increased customer satisfaction.

Cash Applicator 52

Cash Applicator AR Automation Accounts Receivable (AR) Days Sales Outstanding 52

Serrala

MARCH 14, 2024

Optimizing the Order-to-Cash (Invoice-to-Cash) cycle: accounts receivable teams trust Serrala Radically simplify even the most complex transactions, automate invoice posting, get paid quicker and with full visibility and compliance across your entire customer ecosystem. Bild What can our Invoice-to-Cash solutions do for you?

DSO 52

DSO Invoice to Cash Days Sales Outstanding Insurance Companies 52

TreviPay

SEPTEMBER 15, 2023

The term cash management refers to the process of optimizing the collection and management of cash flow channels. It involves accurately tracking all cash inflows and outflows, maintaining clear records of financial transactions and ensuring that all financial information is up-to-date and accurate. What is cash management?

Electronic Funds Transfer 52

Electronic Funds Transfer Days Sales Outstanding Credit and Collections Cybersecurity 52

Your Virtual Credit Manager

MARCH 18, 2025

In the complex world of business-to-business commerce, debt collection, though sometimes unappreciated, remains a critical yet delicate process. Photo by NoWah Bartscher on Unsplash ) Effective debt collection is not just about recouping owed funds; it's an art that requires finesse, legal awareness, and strategic communication.

Collector 130

Collector Credit and Collections DSO Debt Collections 130

Your Virtual Credit Manager

MARCH 11, 2025

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. credit cards, ACH transfers). Below are the key advantages: 1.

Days Sales Outstanding 130

Days Sales Outstanding Credit and Collections DSO Accounts Receivable (AR) 130

Gaviti

MARCH 11, 2025

In the realm of B2B transactions, it’s easy to assume that securing a sale signifies the culmination of your efforts. Without proper credit assessments and checks, businesses expose themselves to significant financial risks, including cash flow disruptions and potential bad debts.

Credit Risk 52

Credit Risk Credit Scoring Credit and Collections Credit Application 52

Gaviti

JANUARY 20, 2025

Plus, if a receivable is unlikely to be collected, it should be reported as a bad debt expense in the same period as the related revenue and an A/R forcasting report can help with this. Integrated workflows also simplify managing adjustments like discounts, returns, or credits by automatically updating all related systems.

AR Automation 52

AR Automation Revenue Recognition DSO Credit and Collections 52

Emagia

FEBRUARY 14, 2025

This integration encompasses functions such as credit management, invoicing, collections, deductions, and cash application. Dynamic Credit Limits: Adjusting credit limits in real-time based on customer payment behavior and financial health.

Days Sales Outstanding 40

Days Sales Outstanding DSO Credit and Collections Cash Applicator 40

Emagia

DECEMBER 30, 2024

AR automation emerges as a transformative solution, streamlining financial transactions between companies and their customers. Payment Processing : Automated systems facilitate various payment methods, including credit cards and ACH transfers, providing customers with convenient options and ensuring prompt payment processing.

AR Automation 40

AR Automation Accounts Receivable (AR) Days Sales Outstanding Credit and Collections 40

Emagia

DECEMBER 30, 2024

Introduction to Accounts Receivable Accounts receivable refers to the outstanding invoices a company has or the money clients owe the company. These balances are considered assets and represent a line of credit extended by a company, typically due within a short time period, ranging from a few days to a year.

Days Sales Outstanding 40

Days Sales Outstanding DSO Credit and Collections Bad Debt 40

Emagia

DECEMBER 30, 2024

Collection : The factor takes over the collection process, contacting customers for payment when invoices are due. Maturity Factoring : The factor advances payment on the invoice and collects payments from the seller as the invoice matures. Non-Recourse Factoring : The factoring company assumes the risk of customer non-payment.

Credit and Collections 40

Credit and Collections Days Sales Outstanding Deductions Credit Risk 40