RMAi Blog

APRIL 13, 2023

Credit cards allow you to use other people’s money while debit cards only let you spend your own money. How a Credit Card Works: Before you can get a credit card, you will have to complete a credit application. A credit limit is the total amount you can charge on the card at any given time.

Credit and Collections 130

Credit and Collections Credit Unions Deductions Credit Application 130

Emagia

MARCH 3, 2025

Cash Application Once payments are received, they must be recorded correctly and matched with the corresponding invoices to ensure accurate financial records. Dispute and Deduction Management Disputes arise due to billing errors, quality issues, or service discrepancies.

DSO 40

DSO Days Sales Outstanding AR Reporting Credit and Collections 40

Gaviti

AUGUST 27, 2024

Customers can also use it to view past invoices and payment history and make credit requests from one centralized place. Credit monitoring and management. Automatically manage customer credit from the credit application process through ongoing monitoring with real-time credit risk alerts.

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DSO Credit and Collections Deductions Payment Portals 92

Gaviti

APRIL 11, 2024

For example, some might prefer to pay in person via credit or debit card. Credit management and monitoring. Send online credit applications to existing and potential customers to evaluate customer’s creditworthiness. Disputes and deductions.

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Bad Debt Credit and Collections Collection Effectiveness Index DSO 98

Gaviti

NOVEMBER 4, 2024

6 – HighRadius HighRadius offers an automated dispute resolution software that includes AI capabilities to increase productivity by identifying and prioritizing high-impact deductions, streamlining the claims resolution process, and automatically assigning reason codes to claims. Credit Management and Monitoring.

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Credit and Collections Invoice to Cash Payment Portals DSO 52

Gaviti

DECEMBER 12, 2023

At the same time, it centralizes data across the entire A/R cycle including your credit management and monitoring, cash application, and dispute and deductions management. Want to learn more about how Gaviti can shorten your cash conversion cycles and increase your cash flow?

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Credit and Collections Invoice to Cash Deductions Cash Applicator 98

Your Virtual Credit Manager

SEPTEMBER 17, 2024

Solutions exist for credit application processing, collections, payment deduction resolution, and remittance processing, all of which can create more time that can be used to increase your collection efforts. Implement Workflow Solutions: Software as a Service (SaaS) solutions are an economical way to enhance productivity.

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Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Your Virtual Credit Manager

MARCH 19, 2024

To do this you may want to order an updated credit report as well as recontact any suppliers they provided as a credit reference on their credit application. Have the customer complete an updated credit application and request updated financial information so you can assess their current financial status.

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Bulk Transfer Credit and Collections Bankruptcy Third Party Collections 100

Gaviti

DECEMBER 6, 2023

With an advanced automated A/R invoice-to-cash management solution that includes cash application, credit management, collections analytics and dispute and deduction management, your A/R process not only remains in-house and under your control, but integrates so that all the different components work together to deliver real-time data.

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Credit and Collections Invoice to Cash Deductions Cash Applicator 52

Gaviti

FEBRUARY 18, 2024

It’s important to receive regular risk assessments for your customers to verify their creditworthiness and extend credit to them based on their payment history, not out of courtesy. Ideally, customer credit applications should be streamlined to focus on only the most important information to ensure they are quick and accurate.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

Gaviti

FEBRUARY 18, 2024

It’s important to receive regular risk assessments for your customers to verify their creditworthiness and extend credit to them based on their payment history, not out of courtesy. Ideally, customer credit applications should be streamlined to focus on only the most important information to ensure they are quick and accurate.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

CreditStrong for Business

NOVEMBER 7, 2024

Cons The loan funds in most installment credit options provide financing for a single, one-time purchase in the form of a lump sum. Borrowers seeking additional financing through these sources must typically enter the formal credit application process again. How Do They Impact Your Credit Score?

Automobile Dealerships 40

Automobile Dealerships Credit Scoring Credit and Collections Credit Card Payments 40

Fundera

NOVEMBER 15, 2016

Part of the application process involves linking a bank account where payments can be automatically deducted each week, so you don’t have to worry about maintaining a payment schedule. Repaid portions of your line of credit can immediately be re-drawn for other uses if you want. How does repayment work? and funding process.

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Credit Scoring Dashboards Deductions Credit Application 71

Gaviti

JULY 11, 2024

Credit monitoring and management. Automate the credit application process by allowing credit application submissions online to both existing and potential customers. Simplify customer payment by offering multiple types of payment, including credit cards, debit cards, ACH transfers , electronic wallets, and more.

DSO 52

DSO AR Automation Credit and Collections Bad Debt 52

Gaviti

JUNE 25, 2024

Credit Management and Monitoring. Automatically manage customer credit from the credit application process through ongoing monitoring with real-time credit risk alerts. Disputes and Deductions. When using the self-service payer portal, it can match payments to open invoices with near 100% accuracy.

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Days Sales Outstanding DSO Credit and Collections Deductions 52

Gaviti

APRIL 18, 2024

It also helps provide documentation in the event that your company has bad debt that it is able to take as a tax deduction. Disputes and deductions. Credit management and monitoring. Send online credit applications to both existing customers and potential prospects.

AR Aging 52

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

Gaviti

JUNE 13, 2024

Gaviti’s invoice-to-cash A/R management and automation streamlines your entire accounts receivable process from customer invoice distribution to credit application and payment reconciliation. Credit Management and Monitoring. Dispute Management and Deductions. Its modules include: Customer Self-Service Portal.

DSO 40

DSO Credit and Collections Deductions Collector 40

Fundera

NOVEMBER 15, 2016

Part of the application process involves linking a bank account where payments can be automatically deducted each week, so you don’t have to worry about maintaining a payment schedule. Repaid portions of your line of credit can immediately be re-drawn for other uses if you want. How does repayment work? and funding process.

Credit Scoring 64

Credit Scoring Dashboards Deductions Credit Application 64

Emagia

MAY 1, 2024

A third interesting use focuses on more sophisticated credit applications and collections processes. If an action triggers a credit hold, it can help to find ways to get payouts faster. AI can improve order fulfillment and invoice accuracy with fewer deductions and allow them to come through more quickly.

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Order to Cash Cash Forecasting Credit and Collections Shared Service Center 52

Gaviti

APRIL 3, 2024

Integrate with external credit rating agencies and other reputable sources to gain better understanding of the creditworthiness of your customers and prospective customers. Use online credit applications to streamline the credit approval process. Disputes and deductions. Cash application.

DSO 52

DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

Fundera

JUNE 13, 2017

When you start doing business with a vendor, typically they will require payment at the time of service or upon delivery of goods unless you submit a credit application for deferred payment terms. Understand Payment Terms.

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Deductions Small Businesses Credit Application Transactions 63

Gaviti

OCTOBER 10, 2024

A/R solutions in particular streamline each aspect of accounts receivable, from collections to credit management, cash application and disputes and deductions. Credit Management and Monitoring. Enforce credit limits with automatic alerts to both your collections team and external stakeholders (e.g.,

Invoice to Cash 52

Invoice to Cash Credit and Collections Payment Portals DSO 52

Gaviti

FEBRUARY 18, 2024

In addition, it includes: Credit Monitoring and Management. Send automated credit applications to customers and set credit limits based on analytics it collects to determine creditworthiness and customer risk. Extending credit to non-creditworthy customers increases the risk of customer debt.

Debt Collections 52

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

Gaviti

MARCH 3, 2024

Track, code, route and resolve customer disputes and deductions with a centralized hub that manages all of the data together. Credit management. Streamline your credit monitoring and management by automatically sending credit application forms to both customers and prospects. Dispute resolution.

DSO 52

DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

Lendio

JANUARY 25, 2023

Yet with proper tax planning, it may be possible to reduce your tax obligations to the IRS by taking advantage of tax credits, write-offs, and tax deductions. Tracking expenses can make it easier to claim all the tax deductions and credits available for your small business.

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Small Businesses Credit Scoring Deductions Credit Application 52

Due

DECEMBER 2, 2023

While auto companies do consider your credit history, they weigh your credit alongside the credit-based insurance score and other factors like demographics, location, driving record, and vehicle type. They also consider the car insurance you want, including deductibles and coverage amounts.

Credit Scoring 59

Credit Scoring Credit and Collections Chapter 7 Bankruptcy 59

CreditStrong for Business

SEPTEMBER 4, 2024

Then you can start deducting your monthly expenses from your income. Things like: Rent/Mortgage Student loan payments Credit cards Personal loans Car note or lease Insurance payments Utilities This is important because you need enough money coming in compared to what’s going out. Remember, you’re in this to improve your credit score.

Credit Scoring 52

Credit Scoring Credit and Collections Credit Reporting Agencies Credit Application 52

Fundera

DECEMBER 18, 2017

Seriously reduces cash flow with daily deductions of credit card receipts. If your business fulfills those qualifications, then your next move is to get your application paperwork together. Most business line of credit applications will require the following documents: Driver’s license. Credit score.

Credit Scoring 63

Credit Scoring Small Businesses Invoice Amount Deductions 63

Due

FEBRUARY 2, 2023

The contributions you make to a traditional IRA are tax-deductible if you don’t have a retirement plan through work. Despite the fact that Roth IRA contributions aren’t tax deductible today, you won’t be taxed once you retire if you withdraw money from a Roth IRA.

Deductions 59

Deductions Small Businesses Insurance Companies Credit Application 59

Your Virtual Credit Manager

DECEMBER 17, 2024

Likewise, having Fortune 500 customers can be a boon, as long as they don’t stretch out their payments too far or whittle away your profits with aggressive payment deductions, especially when your margins are tight.

Credit and Collections 130

Credit and Collections Bankruptcy Credit Risk Default 130

Trade Credit & Liquidity Management

APRIL 16, 2025

Improve Credit Onboarding Automation and Controls: Provide a customizable credit application portal for new accounts that requires the documentation and an appropriate customer credit application to be completed fully and accurately prior to submission to the credit department. Twenty Action Priorities 1.

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Supply Chain Risk Assessment Credit and Collections Bulk Transfer Cash Forecasting 52