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Top 10 Collection Reminders Writing Tips

Gaviti

For example, the late payment reminder should include the customers name, invoice amount, and a link to a payment portal, or encourage the customer to contact your billing team with any questions related to the payment. Ideally, these calls to action should be personalized according to the situation of the customer.

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Receivables Turnover vs. Days Sales Outstanding (DSO): What’s the Difference?

Gaviti

Two critical key performance indicators (KPIs) that help your accounts receivable team optimize collections are receivables turnover and days sales outstanding (DSO). Days Sales Outstanding vs. Accounts Receivables Turnover Receivables turnover and days sales outstanding work in tandem.

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Top 5 Conferences for A/R Professionals in the USA in 2025

Gaviti

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. Cash Application: Utilizes AI-powered remittance auto-matching to achieve up to 95% payment matching accuracy.

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Top Accounts Receivable Strategies for 2025

Gaviti

In 2025, successful businesses will: Analyze payment trends to refine credit terms and collection strategies. Monitor key performance indicators ( KPIs ) like Days Sales Outstanding (DSO) and collection effectiveness to track progress. Connect to multiple backs adn offer payments in multiple currencies.

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How to Automate the Collection Process to Eliminate Manual Tasks

Gaviti

Although different A/R solutions deliver different metrics, cash balance and days sale outstanding only scratch the surface of measuring performance. Additional metrics to consider include the number of outstanding receivables, accounts receivable aging, customer churn rate, and the percentage of late payments.

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How to Choose the Best Accounts Receivable Software

Emagia

Cash Flow Optimization : Provides real-time visibility into outstanding invoices and payment statuses. Customer Satisfaction : Enhances the payment experience for customers through features like online payment portals. Payment Processing Capabilities Streamlined payment processing enhances cash flow.

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Top 9 Benefits of Accounts Receivable (AR) Automation

Emagia

Accelerated Collections Process Automated reminders and follow-ups ensure that customers are promptly notified of outstanding invoices, leading to quicker payments. This reduces the Days Sales Outstanding (DSO) and enhances the company’s cash position. What industries benefit the most from AR automation?