Emagia

DECEMBER 30, 2024

This comprehensive guide delves into whether accounts receivable is recorded as a debit or credit, the principles of double-entry bookkeeping, and the implications for financial statements. The Role of Debits and Credits in Accounting In accounting, debits and credits are fundamental concepts used to record transactions.

Accounts Receivable (AR) 40

Accounts Receivable (AR) Days Sales Outstanding Credit and Collections Bad Debt 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. Photo by Jay Heike on Unsplash ) What happens during the O2C process, however, apart from credit and collection activities, can have an outsized impact on cash flow and AR performance.

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

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

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

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

Emagia

APRIL 10, 2025

According to Deloitte, finance teams still spend 6070% of their time on transactional work instead of driving strategic insights. Cash flow forecasting remains highly inaccurate, especially during peak seasons and launches, costing companies millions in working capital inefficiencies.

Deductions 49

Deductions DSO Credit and Collections Cash Applicator 49

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.

Days Sales Outstanding 40

Days Sales Outstanding DSO AR Reporting Credit and Collections 40

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

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

Gaviti

JANUARY 26, 2025

In the evolving world of B2B transactions, the importance of payment portals has become undeniable. 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. Schedule a demo to learn more.

Payment Portals 52

Payment Portals Credit and Collections Cash Applicator Invoice to Cash 52

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 Payment Portals Cash Applicator 98

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 92

DSO Credit and Collections Deductions Payment Portals 92

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 Insurance Companies 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

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

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

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