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Do not match unapplied credits with open deductions and debits unless there is documentation to relate them or you will be in violation of escheatment laws. Refresh the creditrisk ratings and credit limits of customers that have not been updated within the past two years. Update your customer master file.
Its order to cash software delivers reports that go beyond the standard collections, deductions, cashapplication, credit, electronic invoicing, and payment processes to include KPI tracking that uncover insights to help improve performance.
With the rapid advancement of digital technology, businesses can no longer afford the inefficiencies of slow creditapplications, validations, and approvals. Empowering the credit team with intelligent Order-to-Cash (OTC) digital solutions is essential.
Top line, bottom line, and cash flow – the three critical components in business – are the barometers of the health of a business, that influence its sustenance and growth. Order To Cash (OTC) is one business process that impacts all these three elements.
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