SAP Credit Management

JANUARY 17, 2023

Collective knowledge from thousands of projects delivered all at your fingertips . It represents your destination to learn, explore, and consult the collective knowledge of 25,000 SAP consultants and thousands of projects delivered by SAP and our partner ecosystem. Consistent metric collection look and highlights   .

Process Mining 157

Process Mining Dashboards Invoice to Cash 157

Gaviti

APRIL 11, 2024

Are you offering enough or too much credit to customers? Document your findings: What have you learned after completing the analysis? Are you able to collect invoices on all of the revenue your business generates? How quickly are customers paying their invoices? How much cash is the company gaining or losing?

Bad Debt 98

Bad Debt Credit and Collections Collection Effectiveness Index DSO 98

Gaviti

FEBRUARY 18, 2024

Even with the most streamlined and automated A/R management process and B2B collections best practices , customers don’t always pay on time. This could be due to many factors, including financial issues, unclear and inflexible payment terms, unresolved disputes, or simply being distracted by many other invoices being processed simultaneously.

Debt Collections 52

Debt Collections Credit and Collections Days Sales Outstanding Invoice to Cash 52

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 52

Days Sales Outstanding DSO Credit and Collections Deductions 52

Gaviti

APRIL 24, 2024

With the right dunning process in place, your A/R team can significantly minimize the need for collection calls. If after the dunning process is complete and your A/R team still is unable to collect on invoices from customers, collection calls might be necessary.

Credit and Collections 52

Credit and Collections Invoice Collections Invoice to Cash Invoice Disputes 52

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 52

Credit and Collections Invoice to Cash Deductions Collector 52

Gaviti

DECEMBER 6, 2023

Depending on the volume of invoices, it could be handled by an individual or a team. This third party can be responsible for reports such as aging reports, scheduling payment reminders, tracking and collecting overdue invoices, and identifying high-risk customers to avoid extending more credit than they can realistically take on.

Credit and Collections 52

Credit and Collections Invoice to Cash Deductions Cash Applicator 52

apruve

JULY 25, 2022

Accounts receivable automation software automates a company’s invoicing and collections processes. Some of these platforms help companies improve B2B customer purchase experiences with buyer portals, credit automation, and B2B payment automation. However, only one platform integrates trade credit and A/R automation : Apruve.

DSO 52

DSO Credit and Collections Order to Cash Days Sales Outstanding 52

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 52

AR Aging Credit and Collections Bad Debt Allowance for Doubtful Accounts 52

Gaviti

NOVEMBER 27, 2023

Prioritizing the dispute: A tracking system gives a code to the dispute, which is determined according to the importance of the dispute and how it affects your cash flow. Resolving the dispute: Based on the information collected, the A/R analyst determines if the dispute is valid or invalid. write-off, debt collection or refund).

Invoice Disputes 52

Invoice Disputes Deductions Credit and Collections Invoice to Cash 52

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 52

DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

Emagia

NOVEMBER 2, 2023

Beyond ChatGPT: Understanding the Trends of Evolving Generative AI For Finance Beyond ChatGPT: Unlocking the Power of GenAI in Billing Beyond ChatGPT: Unlocking the Power of GenAI in Receivables Collection Generative Artificial Intelligence (GenAI) is generating significant buzz in today’s business landscape.

Cash Applicator 52

Cash Applicator Accounts Receivable (AR) AR Automation Order to Cash 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. Having the best dunning workflow for each customer is the key to increasing your cash flow. As companies scale and the number of invoices grows, however, many turn to an automated dunning process.

DSO 52

DSO Credit and Collections Bad Debt Days Sales Outstanding 52

Gaviti

MARCH 10, 2024

Gaviti’s invoice-to-cash A/R management platform streamlines and automates the accounts receivables process, providing A/R teams with real-time data to measure and optimize team performance. Its modules include: Credit Monitoring and Management. Collection Analytics. Cash Application.

Accounting Firms 52

Accounting Firms Credit and Collections Cybersecurity Invoice to Cash 52