Remove Credit Application Remove Information Remove Payment Portals
article thumbnail

Accounts Receivable Analysis: Meaning, Objectives, Importance

Gaviti

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. Consequently, failure to analyze this data can cause severe losses and missed opportunities.

article thumbnail

Build vs Buy: What to Consider When Choosing an Accounts Receivable Automation Software

Gaviti

Associate each payment with its corresponding invoice for precise application and reconciliation of payments with remittance information such as invoice numbers or payment references. When customers use the Self-Service Payer Portal, Gaviti can match payments to open invoices with near 100% accuracy.

DSO 92
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Automate the Collection Process to Eliminate Manual Tasks

Gaviti

Offer a range of payment methods and, if available, a link to your customer payment portal from the invoice itself. Using the real-time data, you can more easily adjust credit limits effectively to proactively reduce risk of late payments, bad debt, and write-offs. Automate payment reminders and follow-ups.

article thumbnail

7 Best Accounts Receivable (A/R) Automation Software Vendors

Gaviti

This in turn fosters greater collaboration among teams and the ability to make more informed decisions. When customers make payments using an automated A/R solutions customer payment portal, it also matches customer payment with the corresponding invoice with increased accuracy. Credit monitoring and management.

DSO 52
article thumbnail

5 Methods to Reduce Late Payments

Gaviti

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.

article thumbnail

5 Methods to Reduce Late Payments

Gaviti

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.

article thumbnail

Best 5 Autonomous Finance Tools for 2024

Gaviti

Gaviti Gaviti’s autonomous invoice-to-cash solution that streamlines every aspect of accounts receivables, from collections and credit management to cash application and disputes and deductions while delivering complete visibility to all A/R stakeholders. improve emails, workflows, suggest credit limits, etc).