Your Virtual Credit Manager

DECEMBER 20, 2022

it just might help them pay you sooner! Share Controlling Credit Risk Increasing sales to high margin customers disproportionately increases total gross profit. If the reduction in sales is caused by a concern about the customer’s ability to pay you, there are ways to mitigate this risk and reap the additional profit.

Deductions 130

Deductions Credit and Collections Bad Debt Credit Risk 130

Your Virtual Credit Manager

SEPTEMBER 13, 2022

Photo by Jp Valery on Unsplash Payment deductions, also known as chargebacks or short pays, happen when the customer pays less than the full invoice amount. Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo.

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Gaviti

MARCH 27, 2024

Automated cash application is the process of automating the matching of invoices to payments, such as cash, electronic payments, payment solutions, ACH, wire, checks, or credit and debit cards. This allows you to consolidate collections data and streamline A/R processes, regardless of the types of ERPs you use. It is more accurate.

Automated Cash Application 52

Automated Cash Application Cash Applicator DSO Invoice to Cash 52