The Esker Blog

MAY 16, 2023

At Esker, we already felt honored to be named a Challenger in 2022’s first-ever Magic Quadrant for Integrated Invoice-to-Cash solutions. CFOs are interested in improving DSO and overall I2C process efficiency as well as obtaining accurate reporting and analytics. and/or its affiliates in the U.S.

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Invoice to Cash Cash Applicator DSO Credit and Collections 98

Gaviti

DECEMBER 5, 2024

Many businesses can significantly improve their cash flow by implementing more effective strategies for collections, including adopting more strategic approaches to accelerate B2B payment of invoices. Optimizing credit management. See your DSO drop within a few months. Automating the business payment process.

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Credit and Collections Invoice to Cash Payment Portals DSO 52

Gaviti

JANUARY 5, 2025

How do you currently manage the invoicing and payment collection process? invoice generation, reminders, payment reconciliation)? Another common reactive approach to A/R is when companies send payment reminders only once the invoice is due. You should be able to execute your entire collections strategy via the platform.

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Average Days Delinquent DSO Credit and Collections Collection Effectiveness Index 98

Gaviti

NOVEMBER 4, 2024

As companies scaled and these disputes increased, however, businesses started to turn to dispute automation for a more efficient dispute management process for collections and dispute management. It should collect data about disputes over time to deliver insights about customer trends, behavior, and track dispute times.

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Credit and Collections Invoice to Cash Payment Portals DSO 52

Gaviti

APRIL 11, 2024

Are you offering enough or too much credit to customers? 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? Are there invoice processing delays? The most common is DSO.

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Bad Debt Credit and Collections Collection Effectiveness Index DSO 98

Gaviti

APRIL 3, 2024

When accounting departments want a quick evaluation of the health of a business, they often look at their DSO, or days sales outstanding. Traditionally, a low DSO indicates that your company has capital available and is in good financial standing. This includes both current, past and overdue invoices.

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DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

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.

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Days Sales Outstanding DSO Credit and Collections Credit Sales 52

Gaviti

JANUARY 26, 2025

A robust customer payment portal streamlines collections, simplifies the act of transferring payments, and eliminates many of the manual tasks that can bog down a companys operations. By automating these processes, businesses can accelerate cash flow and focus on growth. Schedule a demo to learn more.

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Payment Portals Credit and Collections Cash Applicator Invoice to Cash 52

The Esker Blog

DECEMBER 13, 2022

Within the invoice-to-cash (I2C) process, there are many areas that AR leaders could focus on. Is your DSO longer than the industry average? customer insights (business history, payer performances, credit risk management, etc.), and even predictive analytics (payment predictions, collections forecast, etc.). .

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Accounts Receivable (AR) DSO Bad Debt Invoice to Cash 97

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.

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Days Sales Outstanding DSO Credit and Collections Deductions 52

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.

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Credit and Collections Bad Debt Payment Portals Cash Applicator 98

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.

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Cash Forecasting Credit and Collections DSO Deductions 95

Gaviti

MARCH 4, 2024

Once an invoice hits accounts receivable (A/R), it enters what’s called the average collection period. Other common names include “days sales in accounts receivable,” “average receivables collection period,” or “ days sales outstanding (DSO).” Your average collection period is an important key performance indicator (KPI).

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Credit and Collections DSO Days Sales Outstanding Credit Sales 52

Gaviti

JANUARY 7, 2024

They need a solution that focuses on just the accounts receivable process in order to optimize their cash flow and make sure cash doesn’t fall through the cracks. Although Netsuite collections features do help companies to manage overdue invoices, for most businesses, a number of challenges still remain.

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Invoice to Cash Credit and Collections Collector 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.

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Gaviti

JULY 25, 2024

How Gaviti Helps You Automate Your Cash Application Gaviti’s invoice-to-cash A/R management and automation platform streamlines and optimizes the A/R process along the entire lifecycle. The cash application module includes: Automated payment matching. Real-time visibility and reporting. Speak to a specialist today!

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Cash Applicator Payment Portals DSO Credit and Collections 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.

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

Gaviti

FEBRUARY 17, 2024

For some customers, however, you’ll need another strategy altogether for collecting unpaid and overdue invoices: debt collection. The Key Components of Effective A/R Management The main aspect of A/R management is the collections of receivables. Streamlined credit management. The ability to create and measure KPIs.

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Debt Collections Credit and Collections DSO Invoice Collections 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.

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Credit and Collections Invoice to Cash Deductions Collector 52

Gaviti

NOVEMBER 20, 2023

Most Accounts Receivable teams use DSO as the main KPI to measure their performance. By extension, most A/R invoice-to-cash management platforms and teams base their key performance indicators (KPIs) on the measurement of Days Sales Outstanding, or DSO. For example, since each company has different payment terms (e.g,

Collection Effectiveness Index 52

Collection Effectiveness Index Days Sales Outstanding DSO Credit and Collections 52

Gaviti

JULY 11, 2024

If you’ve decided your business is ready to move to automating its A/R, you’ll want to find the best A/R automation software, also called invoice to cash software, that suits your needs. Automating these processes eliminate manual errors that lead to delays in collections, improving overall efficiency. Self service payer portal.

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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.

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Invoice to Cash Credit and Collections Payment Portals DSO 52

Gaviti

JANUARY 2, 2024

Average Days Delinquent (ADD) ADD is an essential cash flow metric. It offers data on the effectiveness of your collection efforts by measuring the average number of days it takes to collect overdue payments. But continually high ADD scores across clients may indicate poor collection efficiency on your side.

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Collection Effectiveness Index Average Days Delinquent Days Sales Outstanding DSO 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 HighRadius Apart.

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DSO Credit and Collections Order to Cash Days Sales Outstanding 52

Gaviti

JULY 29, 2024

Customers should be able to pay invoices using ACH, local bank transfer, wire transfer, credit cards, and electronic funds transfer (EFT). Make better credit decisions, lower DSO, and reconcile payments with near perfection. Multiple types and methods of payments. Flexible payment methods enhance the customer experience.

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Payment Portals Electronic Funds Transfer Invoice to Cash Credit and Collections 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.

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DSO Credit and Collections Bad Debt Days Sales Outstanding 52

Gaviti

MARCH 27, 2024

What is Automated Cash Application? 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. Real-time visibility and reporting.

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Automated Cash Application Cash Applicator DSO 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.

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DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

Gaviti

AUGUST 4, 2024

Streamline Your A/R Processes Today Gaviti’s accounts receivable automation solution streamlines your cash application and other A/R processes and helps your team work better. Make better credit decisions, lower DSO, and reconcile payments with near perfection. Schedule a demo to learn more. Real-time dashboards reporting.

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Cash Applicator DSO Payment Portals Automated Cash Application 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.

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Serrala

MARCH 14, 2024

Read more Our customers can reduce their DSO (days sales outstanding) significantly by automating manual and repetitive tasks. Your people spend less time chasing invoices, and more time adding value. Read more Our solution lets you know your exact cash position at any time and apply all cash with automated, same-day matching.

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Credit and Collections DSO Days Sales Outstanding Invoice to Cash 52

Gaviti

DECEMBER 5, 2023

Cash flow in the transportation and logistics industry can be unpredictable. The Importance of Cash Flow Optimization in Transportation and Logistics Delays in payments force companies in the transportation and logistics industry to make difficult decisions. These challenges include: Manual A/R collections processes.

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Average Days Delinquent Collection Effectiveness Index Credit and Collections Days Sales Outstanding 52

Gaviti

DECEMBER 5, 2023

Cash flow in the transportation and logistics industry can be unpredictable. The Importance of Cash Flow Optimization in Transportation and Logistics Delays in payments force companies in the transportation and logistics industry to make difficult decisions. These challenges include: Manual A/R collections processes.

Average Days Delinquent 52

Average Days Delinquent Collection Effectiveness Index Credit and Collections Days Sales Outstanding 52

Serrala

MARCH 14, 2024

Serrala helps you reduce the burden of financial management on your teams with intelligent invoice-to-payment, invoice-to-cash and treasury automation solutions that unify your business’s finances, boost decision velocity, and let you apply working capital quickly and accurately to strategic and tactical concerns.

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DSO Invoice to Cash Days Sales Outstanding Insurance Companies 52

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.

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Credit and Collections DSO Deductions Collector 40

Gaviti

JULY 3, 2024

In addition, many conferences for finance professionals also allow attendees to gain credits towards continuing education, a requirement for keeping their certifications valid. Make better credit decisions, lower DSO, and reconcile payments with near perfection. Schedule a demo to learn more. Schedule a Product Demo 3.

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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.

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Credit and Collections Deductions Collector Payment Portals 52