Your Virtual Credit Manager

JANUARY 3, 2023

Over time, AR Ledgers unfortunately tend to collect “Clutter.” Clutter can also cause new orders to be placed on a credit hold when it otherwise would have been automatically released. Share How to Clean Up Your AR Ledger Launch a collection program to collect all past due invoices at least 15 days late.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Emagia

MAY 16, 2023

The average collection period is an important accounting metric that evaluates a company’s ability to manage its accounts receivable (AR) effectively. It measures the time it takes for the business to collect payments from its clients, which reflects its cash flow effectiveness and ability to meet short-term financial obligations.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections DSO Credit Sales 52

TreviPay

OCTOBER 2, 2024

October 2, 2024 — TreviPay , the most-trusted B2B payments and invoicing network, today announced a new strategic partnership with Allianz Trade the global leader in trade credit insurance. By utilizing the benefits that trade credit insurance provides, the partnership will enable companies to secure transactions and grow with confidence.

Bad Debt 64

Bad Debt Credit and Collections DSO Transactions 64

Your Virtual Credit Manager

APRIL 25, 2023

Inevitably you will need to initiate collection activities; in other words, start requesting past due customers pay what they owe your firm for goods and/or services provided on credit terms. What are the other tasks that will not get done or be delayed because of the time you devote to collections?

Credit and Collections 130

Credit and Collections Past Due Invoices Collector Deductions 130

Gaviti

JULY 24, 2024

Invoice Collection: When the accounting department receives the invoice, the accounts payable team confirms whether it ordered and received the product or service. Once paid, the A/P team records the transaction. Collections analytics. Identify bottlenecks in the collections process and implement methods to improve performance.

Credit and Collections 98

Credit and Collections Bad Debt DSO Payment Portals 98

Your Virtual Credit Manager

SEPTEMBER 13, 2022

Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo. If not approved, there should be an attempt to collect the disputed amount to avoid diluting profits, and if not collected, the deduction should be cleared by a bad debt write-off.

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130

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

TreviPay

AUGUST 27, 2024

It is crucial in determining how efficiently a business is collecting payments from customer credit purchases during a specific period of time. The Accounts Receivable Turnover Ratio is a financial measurement used to determine how efficiently a company collects payments from its customers during a time period, typically a year.

Credit and Collections 52

Credit and Collections Bad Debt Credit Sales DSO 52

Gaviti

AUGUST 27, 2024

A vendor solution that was built ahead of time to accommodate a wide range of industries and business transactions should be easily scalable to accommodate your growing business needs. Make better credit decisions, lower DSO, and reconcile payments with near perfection. Credit monitoring and management. Scalability.

DSO 52

DSO Credit and Collections Deductions Payment Portals 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

Gaviti

APRIL 24, 2024

Dunning workflows are a series of automated emails and actions that A/R teams use to collect invoices from customers. Regardless of the details of how you set up your dunning workflow, however, you’ll know it’s successful when DSO improves. It streamlines the collections process. It reduces costs related to delinquent accounts.

DSO 52

DSO Credit and Collections Bad Debt Days Sales Outstanding 52

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

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

Onguard

AUGUST 9, 2023

Which FinTech technologies are transforming the credit management process? Digital transformations: the future of credit management Big data & AI Expectations of big data and artificial intelligence (also known as artificial intelligence or AI) have been high for years. The world of finance isn’t left behind in this regard either.

Credit Management 52

Credit Management Credit and Collections Invoice Amount DSO 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. And creating better experiences for customers.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Default 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 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 DSO Default 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

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.

DSO 52

DSO Credit and Collections Order to Cash Days Sales Outstanding 52

Gaviti

MARCH 27, 2024

Increased globalization and cross-border transactions, a proliferation of diverse payment channels and methods, and rising customer expectations are creating more complex business environments for accounts receivable teams. This allows you to consolidate collections data and streamline A/R processes, regardless of the types of ERPs you use.

Automated Cash Application 52

Automated Cash Application Cash Applicator DSO Invoice to Cash 52

TreviPay

OCTOBER 18, 2023

TreviPay’s composable technology platform enables banks around the world to deliver automated accounts receivable, underwriting and trade credit management solutions to their large commercial clients. The global trade credit market is worth over $40 trillion and is a large opportunity ready to be explored by banks.

Credit and Collections 59

Credit and Collections DSO Credit Management Transactions 59

Gaviti

FEBRUARY 5, 2024

This release features the innovative Cash Application module, significant Credit Management enhancements, and the introduction of Gaviti Pay – a versatile payment gateway for streamlined, secure transactions. Customers who activate this module experience a decrease in the DSO of 35%, and an increase in the rate of paid invoices.

Cash Applicator 52

Cash Applicator Dashboards DSO Credit and Collections 52

Serrala

MARCH 14, 2024

With our AI-powered cash application, AP automation, collections and disputes, and Bill Pay solutions, your company can achieve high AR automation, collections, and payment matching rates of up to 99%. Your teams can securely review transaction information and perform needed actions on the spot.

Credit and Collections 52

Credit and Collections Automated Cash Application Cash Applicator Bad Debt 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

Emagia

OCTOBER 31, 2022

Why should credit management be automated. How important is the automation of credit management for business growth. Spreadsheets and then ERPs were the beginning of digital adoption in finance, which digitalized the manual recording and processing of finance and accounting transactions. The evolution of Autonomous Finance.

Credit and Collections 59

Credit and Collections Bad Debt Credit Management DSO 59

TreviPay

APRIL 11, 2023

This caused them to adopt a defensive risk posture, reduce credit lines previously extended to business customers and reduce their customer base by 50%. Outsource risk, and in doing so remove receivables from their balance sheet to improve/eradicate late payments and DSO. Why TreviPay?

DSO 52

DSO Bad Debt Credit and Collections Order to Cash 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

Emagia

JANUARY 3, 2023

A wrong flagging of a customer with credit risk based on inaccurate data in the OTC or ERP system can trigger an alert negatively impacting the continuation of supplies. Payment received from a customer cannot be used in the business until it has been thoroughly verified and assigned to an open sales invoice(s).

Cash Applicator 52

Cash Applicator Automated Cash Application DSO Credit and Collections 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. It includes all pertinent information about the transaction, including the items sold, the purchase price, and the payment terms. Invoicing is important for managing cash flow.

AR Automation 52

AR Automation Past Due Invoices Accounts Receivable (AR) Credit and Collections 52

The Esker Blog

MAY 16, 2023

So, here’s what we’ve come up with so far: Vision: We spend a lot of time and effort understanding the market and which functionalities are actually helpful to all stakeholders involved in a transaction. CFOs are interested in improving DSO and overall I2C process efficiency as well as obtaining accurate reporting and analytics.

Invoice to Cash 98

Invoice to Cash Cash Applicator DSO Credit and Collections 98

lsq

OCTOBER 25, 2022

“We have been working with a number of enterprise partners to create SCF programs tailored to their minority suppliers and have seen success in alleviating the funding challenges of MBEs especially in today’s challenging macroeconomic environment of rising interest rates and tightening credit,” said Shah. Credit Memos.

Credit and Collections 52

Credit and Collections DSO Credit Management Transactions 52

billtrust

DECEMBER 20, 2022

Automation brings B2B opportunities for B2B transactions. Also, a recent study from Juniper Research has found the global transaction value of the B2B payments market will exceed $111 trillion in 2027. If a business relies on an outdated, manual process, this can be time-consuming, ultimately extending DSO.

AR Automation 52

AR Automation Digital Lockbox Cash Applicator Collector 52

Gaviti

MARCH 6, 2023

They can streamline and automate the cash flow planning process while making it easier to manage payments and keep track of transactions. Bank integration directly impacts how efficient and successful payments and transactions are processed. Cash application solutions are an integral part of financial operations.

Cash Applicator 52

Cash Applicator Order to Cash Cash Forecasting Bad Debt 52