Gaviti

JANUARY 6, 2025

3) Include all the necessary details Make sure to provide all the necessary details for contact and payment so your customer has all the information they need in the invoice itself. 7) Keep your tone polite and professional Many businesses are emotional or add remarks and irrelevant information to their letters.

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.

Invoice to Cash 66

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

Gaviti

NOVEMBER 24, 2024

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.

Credit and Collections 52

Credit and Collections DSO Average Days Delinquent Collection Effectiveness Index 52

Gaviti

FEBRUARY 4, 2025

Harnessing internal data empowers your team to make informed decisions that improve efficiency and drive faster collections. Run a Consistent and Robust Credit Process Credit management is the foundation of effective AR. A standardized and scalable credit process ensures you balance risk with reward.

Average Days Delinquent 59

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

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. Centralized hub of information.

Credit and Collections 52

Credit and Collections Invoice to Cash Payment Portals DSO 52

Gaviti

AUGUST 27, 2024

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

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

Bad Debt 98

Bad Debt Credit and Collections Collection Effectiveness Index DSO 98