Gaviti

JANUARY 6, 2025

For example, the late payment reminder should include the customers name, invoice amount, and a link to a payment portal, or encourage the customer to contact your billing team with any questions related to the payment. Customers can also use it to view invoices, payment history, and credit applications and disputes.

Credit and Collections 92

Credit and Collections Days Sales Outstanding Invoice to Cash Invoice Amount 92

Gaviti

FEBRUARY 27, 2025

Self-Service Customer-Facing Payment Portal: Offers customers multiple payment options, including autopay, and a centralized view of all outstanding invoices, facilitating prompt and convenient payments. To explore how Gaviti can elevate your A/R management, schedule a personalized demo today.

Invoice to Cash 66

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

Gaviti

NOVEMBER 24, 2024

That means your accounts receivable team will want to do everything in its power to increase cash flow and reduce your DSO. Consider tracking A/R performance metrics that include best possible DSO , average days delinquent (ADD), collective effectiveness Index (CEI), and accounts receivable turnover ratio (ART).

Credit and Collections 52

Credit and Collections DSO Average Days Delinquent Collection Effectiveness Index 52

Gaviti

FEBRUARY 4, 2025

Monitor key performance indicators ( KPIs ) like Days Sales Outstanding (DSO) and collection effectiveness to track progress. Many traditional KPIs, like DSO, are not always a good indicator of collection success. Use data-driven insights to improve customer segmentation and prioritize high-risk accounts.

Average Days Delinquent 59

Average Days Delinquent Credit and Collections AR Metrics DSO 59

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. monthly, quarterly or annually).

DSO 52

DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

Gaviti

APRIL 11, 2024

The most common is DSO. For example, some might prefer to pay in person via credit or debit card. Automate collections actions with reminders, internal or external escalations based on predefined criteria such as payment due date or history, credit terms or aging of the invoice. Cash application. and unique KPIs.

Bad Debt 98

Bad Debt Credit and Collections Collection Effectiveness Index DSO 98

Gaviti

NOVEMBER 4, 2024

Customers should have access to a secure portal where they can view the status of disputes in accounts receivables in real time. In addition, after disputes are settled, customers should have the option of making payments directly through an integrated customer payment portal. Customer Self-Service Portal.

Credit and Collections 52

Credit and Collections Invoice to Cash Payment Portals DSO 52