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5 Accounts Receivable Collection Mistakes You Should Avoid

Gaviti

Ensuring all necessary forms and data are included at the start helps streamline the payment process. Advanced A/R tools often provide a customer payment portal that centralizes necessary payment details, making it easier for customers to complete payments on time. Credit management and monitoring.

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How CFOs Can Benefit from Emagia Autonomous Finance Platform for Accounts Receivable Automation

Emagia

Real-Time Insights and Analytics: Provides real-time dashboards and predictive analytics for cash flow, DSO, customer payment behavior, and credit risk. Reduces DSO, minimizes bad debt and write-offs with advanced credit risk and deductions management tools.

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How to Automate the Collection Process to Eliminate Manual Tasks

Gaviti

Additional metrics to consider include the number of outstanding receivables, accounts receivable aging, customer churn rate, and the percentage of late payments. Offer a range of payment methods and, if available, a link to your customer payment portal from the invoice itself. Automate payment reminders and follow-ups.

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Top 7 Invoice Processing Best Practices for Your Business

Gaviti

Automate the payment reconciliation process by matching incoming payments with the corresponding invoices in real-time, giving you up-to-date visibility into your cash position. Automatic cash application with 100% accuracy when using Gaviti’s Self-Service Payment Portal, accelerating the payment process by reducing human error.

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Introducing Gaviti’s New Credit Management Module: Streamline Your Collections and Mitigate Risk ?

Gaviti

We are thrilled to announce the launch of our latest addition to the Gaviti accounts receivable collections platform: the Credit Management Module! At Gaviti, we understand how crucial it is for you to maintain a healthy cash flow, minimize credit risk, and ensure timely payments from your customers.

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

Gaviti

When customers use the Self-Service Payer Portal, Gaviti can match payments to open invoices with near 100% accuracy. Self-Service Payer Portal. Offer customers a variety of payment methods directly through the online payment portal , including credit and debit cards, ACH, electronic payments, and more.

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Best 5 Autonomous Finance Tools for 2024

Gaviti

For example, finance teams might apply it towards cash flow forecasting, credit risk assessment and identifying the best investment opportunities. That means 100% matching for customers using Gaviti’s payment portal and 95% for payments made to the bank or a lockbox. Self-Service Customer Portal.