Gaviti

MAY 9, 2023

We are thrilled to announce the launch of our latest addition to the Gaviti accounts receivable collections platform: the Credit Management Module! At Gaviti, we understand how crucial it is for you to maintain a healthy cash flow, minimize credit risk, and ensure timely payments from your customers.

Credit and Collections 98

Credit and Collections Credit Management Dashboards Payment Portals 98

Gaviti

FEBRUARY 27, 2025

Credit Congress & Expo Dates: May 1821, 2025 Location: Cleveland, Ohio Website: Credit Congress & Expo 2025 Credit is a vital component of accounts receivable health. The National Association of Credit Management (NACM) hosts the annual Credit Congress & Expo, focusing on business credit and financial management.

Invoice to Cash 66

Invoice to Cash Payment Portals Credit and Collections Days Sales Outstanding 66

Gaviti

JUNE 17, 2024

Although B2B customer payment portals are often confused with customer payment portal software, they target different audiences and offer different functionalities and integrations. What is a B2B Customer Payment Portal? An online customer payment portal should offer: Multiple payment methods and types.

Payment Portals 52

Payment Portals Electronic Funds Transfer Invoice to Cash Credit and Collections 52

Gaviti

JULY 29, 2024

If you’ve decided that you want to move ahead with accounts receivable software, you might want to consider looking into an A/R software provider with a client payment portal. It’ll help you provide your customers the best payment experience possible while saving both costs, time and reducing errors.

Payment Portals 52

Payment Portals Electronic Funds Transfer Invoice to Cash Credit and Collections 52

Gaviti

JUNE 19, 2023

Effective communication is the most critical aspect of any A/R collections strategy. Even so, there are some basics you can apply across most templates you may use for collections. You can hyperlink additional information in electronic communication, such as an email address, a phone number, or a link to an online payment portal.

Days Sales Outstanding 98

Days Sales Outstanding Credit and Collections Payment Portals DSO 98

Emagia

DECEMBER 3, 2024

Autonomous Finance Capabilities: Enables intelligent self-driving end-to-end processes for accounts receivable operations including credit management, billing, invoicing, collections, deductions, cash application, cash flow forecasting and treasury management. Key Features and Benefits for CFOs 1.

DSO 52

DSO Credit and Collections Bad Debt Payment Portals 52

Gaviti

FEBRUARY 4, 2025

With increased interest rates and inflation, businesses are facing increasing pressure to collect cash faster. In 2025, successful businesses will: Analyze payment trends to refine credit terms and collection strategies. Many traditional KPIs, like DSO, are not always a good indicator of collection success.

Average Days Delinquent 59

Average Days Delinquent Credit and Collections AR Metrics Accounts Receivable (AR) 59

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. Automating the business payment process. Optimizing credit management. ACH, debit or credit cards, electronic wallets).

Credit and Collections 52

Credit and Collections Invoice to Cash Payment Portals DSO 52

RevCycle

JULY 6, 2021

The question is broad enough to potentially include the consideration of other topics such as payment portals. However, an industry battling the financial difficulties facing healthcare should pursue every possible avenue to make payment easier, including offering longer-term financing. Finally, this pie chart.

Bad Debt 130

Bad Debt Payment Portals Credit and Collections Default 130

Emagia

FEBRUARY 21, 2025

It streamlines invoicing, payment collection, and reporting, thereby improving cash flow and reducing manual tasks. Importance of Accounts Receivable Software Implementing AR software offers several benefits: Efficiency : Automates repetitive tasks such as invoice generation and payment reminders, saving time and resources.

Payment Portals 40

Payment Portals Accounts Receivable (AR) Days Sales Outstanding Cash Applicator 40

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.

Credit and Collections 52

Credit and Collections Invoice to Cash Payment Portals DSO 52

Gaviti

APRIL 11, 2024

Analyze your payment terms: Should you change your payment terms? Are you offering enough or too much credit to customers? Are you able to collect invoices on all of the revenue your business generates? Are you offering discounts for early payment? Does your business reconcile payments accurately each month?

Bad Debt 98

Bad Debt Credit and Collections Collection Effectiveness Index DSO 98

Gaviti

MAY 9, 2023

We are thrilled to announce the launch of our latest addition to the Gaviti accounts receivable collections platform: the Credit Management Module! At Gaviti, we understand how crucial it is for you to maintain a healthy cash flow, minimize credit risk, and ensure timely payments from your customers.

Credit and Collections 52

Credit and Collections Credit Management Dashboards Payment Portals 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. Automated collections software can help ensure the invoicing process is as efficient as possible to facilitate timely payment from customers. Collections analytics.

Credit and Collections 98

Credit and Collections Bad Debt Payment Portals Cash Applicator 98

The Esker Blog

JANUARY 3, 2023

Days Sales Outstanding (DSO) is a common measure for how long it takes a company to collect on an invoice. A high DSO value means it takes a company a lot longer to collect and could lead to cash flow problems due to the longer time between the sale and the time the payment is received. Check out Esker’s payment portal.

DSO 98

DSO Accounts Receivable (AR) Credit and Collections Days Sales Outstanding 98

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

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. Some systems even include dispute resolution portals , allowing customers to raise concerns digitally and track their resolution progress.

Accounts Receivable (AR) 40

Accounts Receivable (AR) AR Automation Days Sales Outstanding DSO 40

Gaviti

AUGUST 27, 2024

Make better credit decisions, lower DSO, and reconcile payments with near perfection. Offer customers a variety of payment methods directly through the online payment portal , including credit and debit cards, ACH, electronic payments, and more. Credit monitoring and management.

DSO 92

DSO Credit and Collections Deductions Payment Portals 92

Gaviti

JULY 25, 2024

Its comprehensive solution includes customer invoice distribution, disputes and deduction management, credit monitoring and management, and cash application. The cash application module includes: Automated payment matching. Automate the process of matching customer payments with corresponding open invoices.

Cash Applicator 98

Cash Applicator Payment Portals DSO Credit and Collections 98

Gaviti

JUNE 10, 2024

If your business is scaling and expanding into new geographic regions, it may present challenges in collecting receivables. You’ll want to offer the right technology to ensure your customer payment data and information is secure, yet also provide a wide range of payment methods at the same rates your customers are used to.

Payment Portals 52

Payment Portals Electronic Funds Transfer Credit and Collections Cash Applicator 52

Gaviti

JULY 11, 2024

Benefits of Accounts Receivable Automation Software Whether your goal is to automate the collections process with accounts receivable automation software or scale it as your company grows,you’ll want to look for a solution that offers the most benefits for your business. Having a proactive collections strategy.

DSO 52

DSO AR Automation Credit and Collections Bad Debt 52

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. Automating manual tasks eliminates human error while allowing staff to focus on higher-value tasks.

Invoice to Cash 52

Invoice to Cash Credit and Collections Payment Portals DSO 52

Gaviti

SEPTEMBER 23, 2024

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. Two critical key performance indicators (KPIs) that help your accounts receivable team optimize collections are receivables turnover and days sales outstanding (DSO).

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Credit Sales 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. Accounting operations managers use DSO to calculate the general ability of a company to collect invoices on time for a specific period (e.g. Automate the collections process.

DSO 52

DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

Gaviti

AUGUST 4, 2024

Make better credit decisions, lower DSO, and reconcile payments with near perfection. Gaviti Gaviti delivers 100% accuracy matching invoices to payments when customers use its Self-Service Payment Portal, and a 95% rate of accuracy for all payments. Automatic cash application via the payment portal.

Cash Applicator 52

Cash Applicator DSO Payment Portals Automated Cash Application 52

Gaviti

FEBRUARY 18, 2024

Not receiving timely payments at regular periods makes it difficult for you to pay your vendors and suppliers on time as well as make payroll. If late invoice payments cause you to miss loan repayments, it can impact your credit, and, if it continues, can land you in court. Offer different payment options.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

Gaviti

FEBRUARY 18, 2024

Not receiving timely payments at regular periods makes it difficult for you to pay your vendors and suppliers on time as well as make payroll. If late invoice payments cause you to miss loan repayments, it can impact your credit, and, if it continues, can land you in court. Offer different payment options.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

Gaviti

FEBRUARY 13, 2023

While your company may do a good job collecting the money that is owed to you, the time it takes to collect along with the effort you have to put in can greatly impact your company’s efficiency. Looking to collect your payments sooner rather than later? Looking for a new or superior collections platform?

DSO 52

DSO Credit and Collections Payment Portals 52

Gaviti

NOVEMBER 27, 2023

Gathering documentation and data: The analyst collects relevant information, such as Proof of Delivery (PoD), Purchase Orders (PO), Bill of Lading (BoD), or tax invoices to determine the cause of the dispute and develop a resolution strategy. write-off, debt collection or refund). Consider automating the collection process.

Invoice Disputes 52

Invoice Disputes Deductions Credit and Collections Invoice to Cash 52

Gaviti

FEBRUARY 20, 2023

That’s because the credit and debit entries should balance each other out. Data Entry Errors Data entry errors can happen if the user forgets to record a payment or enters it in the wrong column on the worksheet. If not treated correctly, this payment could create a large negative balance.

Credit and Collections 52

Credit and Collections Deductions Bad Debt Payment Portals 52

Eastern Credit Management Services

AUGUST 15, 2023

In the ever-evolving landscape of finance and commerce, economic factors play a pivotal role in shaping various industries, including debt collection. As a leading Canadian debt collection agency, Eastern Credit Management Services understands the intricate relationship between economic conditions and the process of debt recovery.

Debt Collections 52

Debt Collections Credit and Collections Payment Portals Credit Management 52

Gaviti

OCTOBER 27, 2024

2) Understand Your Collections Teams’ Needs Before you start looking for the perfect app to achieve fully automated accounts processes, it’s important to understand what your A/R collections team actually needs. The only way to identify these needs is to discuss the matter with your collections team.

Payment Portals 95

Payment Portals Credit and Collections Average Days Delinquent Cash Forecasting 95