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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.
These reporting features also help businesses predict trends and make more informed strategic business decisions. CRM, ERPs, accounting software), youll have access to the most accurate payment data, more efficient payment reconciliation, customer information and communication records. See it in action! View a product demo 2.
It usually includes information such as the customer name, invoice details, amount due, outstanding balances and the aging categories (e.g. AR aging reports provide concrete information that can be used to take action. Credit management and monitoring. the periods they are outstanding, such as 30 days, 60 days, etc).
In today’s digital environment, customers expect a quick credit approval process to avoid spending non-productive time and effort on mundane tasks such as providing a lot of information by filling up paper applications for manual verification and approval.
Empowering the credit team with intelligent Order-to-Cash (OTC) digital solutions is essential. This digitalization of creditapplications can accelerate credit management processes by customizing applications and setting required fields to complete creditapplications instantly and accurately.
You will also need to look at how much time it takes to approve new customers, review creditapplications, etc. In addition, the information that is traditionally used to evaluate credit (e.g. credit scores, payment history, etc) is dynamic. improve emails, workflows, suggest credit limits, etc).
By leveraging these diverse data sources, businesses can make more informed lending decisions, reduce default rates, and extend credit to a broader range of applicants, including those who may lack extensive credit histories.
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