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Key features of Gaviti’s autonomous invoice-to-cash A/R management platform include: A/R Analytics: A robust dashboard providing real-time insights into collections performance, enabling data-driven decisions to enhance the dunning process over time. This system helps identify patterns and proactively reduces future disputes.
Accelerated Collections Process Automated reminders and follow-ups ensure that customers are promptly notified of outstanding invoices, leading to quicker payments. This reduces the DaysSalesOutstanding (DSO) and enhances the company’s cash position. Real-time cash flow visibility with advanced dashboards.
Automating these processes not only enhances accuracy but also ensures timely collections, thereby improving cash flow and reducing the dayssalesoutstanding (DSO). Importance of Automating Accounts Receivable In today’s fast-paced business environment, manual AR processes can lead to delays, errors, and inefficiencies.
By centralizing data in one place, you’ll allow for A/R and finance teams as well as marketing, sales and procurement to see metrics such as dayssalesoutstanding (DSO), unique KPIs and customer risk assessments. Gaining better visibility into the A/R process. Having a proactive collections strategy.
Paymentportals and gateways in particular should comply with relevant geographic and industry regulations as they process sensitive consumer data that needs to be protected. A comprehensive dashboard of collections analytics that enables you to see trends and offers a data-driven approach to help improve the dunning process over time.
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