Your Virtual Credit Manager

SEPTEMBER 13, 2022

Photo by Jp Valery on Unsplash Payment deductions, also known as chargebacks or short pays, happen when the customer pays less than the full invoice amount. Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo. Well, it’s not.

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Your Virtual Credit Manager

AUGUST 29, 2023

As you review your metrics, here are five signs that there may be a problem with your collection practices: DSO Is Rising: Days Sales Outstanding is the most common metric for measuring accounts receivable (AR) performance. If DSO is rising, you are falling behind. Collections is always playing a bit of catch up to sales.

DSO 130

DSO Credit and Collections Bad Debt Collection Effectiveness Index 130

Gaviti

DECEMBER 18, 2024

These types of reports include cash flow forecasting, aging reports, DSO calculations, and A/R performance. Track A/R performance metrics and KPIs such as collection rates, total A/R, DSO, customer risk, collective effectiveness index (CEI) and accounts receivable turnover ratio (ART). A/R performance.

Collection Effectiveness Index 52

Collection Effectiveness Index DSO Credit and Collections Invoice to Cash 52

Emagia

DECEMBER 4, 2024

Reduce Days Sales Outstanding (DSO). Consumer Packaged Goods (CPG) With high transaction volumes and frequent deductions, CPG companies face unique challenges. Emagia: Streamlines invoicing and deduction management. Emagia: Streamlines invoicing and deduction management. Improves collections efficiency.

Revenue Recognition 52

Revenue Recognition Credit and Collections Days Sales Outstanding Deductions 52

Your Virtual Credit Manager

JANUARY 3, 2023

” This junk AR comes in a variety of forms, such as: Short payment/deductions Debit memos Unapplied credit memos Unapplied cash Late payment fees and other surcharges Early payment discounts taken but not deserved Clutter obscures the true amount a customer owes and causes confusion.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

JULY 25, 2023

Here are the KPIs you will need at a minimum: Days Sales Outstanding (DSO) - This metric tells you how fast you are converting your sales into cash. It is best understood in relation to Best Possible DSO (BPDSO) which is essentially what your DSO would be if every customer paid on time.

Best Possible DSO (BPDSO) 130

Best Possible DSO (BPDSO) DSO Cash Forecasting Credit and Collections 130

Gaviti

APRIL 3, 2024

When accounting departments want a quick evaluation of the health of a business, they often look at their DSO, or days sales outstanding. Traditionally, a low DSO indicates that your company has capital available and is in good financial standing. This includes both current, past and overdue invoices. monthly, quarterly or annually).

DSO 52

DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

Emagia

MARCH 3, 2025

Dispute and Deduction Management Disputes arise due to billing errors, quality issues, or service discrepancies. Step 7: Managing Disputes and Deductions Have a dedicated team to handle disputes and resolve them efficiently to prevent delayed payments. What is Days Sales Outstanding (DSO) and why is it important?

Days Sales Outstanding 40

Days Sales Outstanding DSO AR Reporting Credit and Collections 40

Gaviti

JULY 18, 2024

Make better credit decisions, lower DSO, and reconcile payments with near perfection. Gaviti’s invoice-to-cash A/R management and automation platform helps organizations streamline their entire A/R lifecycle, from invoice distribution and credit monitoring through cash application, disputes and deductions.

Cash Forecasting 95

Cash Forecasting Credit and Collections DSO Deductions 95

Gaviti

APRIL 11, 2024

The most common is DSO. Get a holistic view of your A/R data that includes a combination of traditional metrics such as DSO, collections, customer risk, etc., Disputes and deductions. This measures how quickly customers pay their invoices. For example, some might prefer to pay in person via credit or debit card. and unique KPIs.

Bad Debt 98

Bad Debt Credit and Collections Collection Effectiveness Index DSO 98

Emagia

MARCH 10, 2025

In the FMCG sector, where transaction volumes are high, efficient cash application ensures that accounts receivable are updated promptly, reducing days sales outstanding (DSO) and improving working capital. Can automation reduce DSO (Days Sales Outstanding) in FMCG?

Cash Applicator 40

Cash Applicator Days Sales Outstanding DSO Automated Cash Application 40

Your Virtual Credit Manager

APRIL 25, 2023

There was a lot of gnashing of teeth on the part of the sales team at the beginning, but invoice accuracy improved in each subsequent month as the sales began transmitting accurate pricing and terms to order processing, thereby reducing downstream disputes and payment deductions.

Credit and Collections 130

Credit and Collections Past Due Invoices Collector Deductions 130

Gaviti

AUGUST 27, 2024

Make better credit decisions, lower DSO, and reconcile payments with near perfection. Track collections performance of both individual team members and your A/R team as a whole using KPIs such as Total A/R, DSO, collections rate, customer risk, etc. Disputes and deductions. Schedule a demo to learn more.

DSO 92

DSO Credit and Collections Deductions Payment Portals 92

Emagia

FEBRUARY 20, 2025

Automating these processes not only enhances accuracy but also ensures timely collections, thereby improving cash flow and reducing the days sales outstanding (DSO). Setting Clear Objectives for Automation Define specific goals for AR automation, such as reducing DSO, lowering operational costs, or improving customer satisfaction.

AR Automation 40

AR Automation Credit and Collections Cash Applicator DSO 40

Gaviti

NOVEMBER 4, 2024

6 – HighRadius HighRadius offers an automated dispute resolution software that includes AI capabilities to increase productivity by identifying and prioritizing high-impact deductions, streamlining the claims resolution process, and automatically assigning reason codes to claims. A/R Analytics. Customer Self-Service Portal.

Credit and Collections 52

Credit and Collections Invoice to Cash Payment Portals DSO 52

Gaviti

JULY 25, 2024

Its comprehensive solution includes customer invoice distribution, disputes and deduction management, credit monitoring and management, and cash application. Apply insights from these data reports to optimize collections strategies, reduce DSO, and improve your cash flow. Speak to a specialist today!

Cash Applicator 98

Cash Applicator Payment Portals DSO Credit and Collections 98

Your Virtual Credit Manager

APRIL 11, 2023

Invoice Inaccuracies : When there are errors on your invoice, or discrepancies between your invoice and the customer’s purchase order (PO), your customer is likely to only make a partial payment (also known as a payment deduction) or not pay until the discrepancy is resolved. There are multiple costs and vulnerabilities that emerge.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Days Sales Outstanding 130

Gaviti

JUNE 25, 2024

Forecasting Accounts Receivable Collections Using DSO The easiest and most accurate way to forecast your accounts receivable is using days sales outstanding (DSO). Here are the steps to calculate an accounts payable projection using DSO. Disputes and Deductions. And it’s crucial to keep those possibilities in mind.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Deductions 52

Gaviti

JANUARY 26, 2025

Make better credit decisions, lower DSO, and reconcile payments with near perfection. Plus, businesses can enable autopay for select customers, ensuring payments are automatically deducted when due. Schedule a demo to learn more.

Payment Portals 52

Payment Portals Credit and Collections Cash Applicator Invoice to Cash 52

Emagia

DECEMBER 3, 2024

Managing credit approvals, invoicing, collections, and deductions manually can be overwhelming, error-prone, and inefficient. Emagia automates invoicing and deduction management, ensuring faster cash realization. Advanced analytics enable organizations to reduce DSO, identify late-payment trends, and improve customer payment behaviors.

Days Sales Outstanding 52

Days Sales Outstanding Revenue Recognition DSO Credit and Collections 52

Gaviti

JULY 11, 2024

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 days sales outstanding (DSO), unique KPIs and customer risk assessments. Disputes and deductions. Make better credit decisions, lower DSO, and reconcile payments with near perfection.

DSO 52

DSO AR Automation Credit and Collections Bad Debt 52

Gaviti

AUGUST 29, 2024

However, the simplest option for forecasting account receivable is by using DSO (days sales outstanding): Accounts Receivable Forecast = DSO x (Sales Forecast ÷ Days in Forecast) Where DSO = average accounts receivable ÷ (annual revenue ÷ 365) You should also note the days in the forecast refers to the time period used for the projection.

DSO 52

DSO Days Sales Outstanding Credit and Collections Deductions 52

Emagia

APRIL 10, 2025

The CPG Financial Reality: Complexity at Scale Lets take a snapshot of what you’re up against: CPG accounts receivable cycles are among the most complex, with thousands of retail accounts, fragmented EDI invoices, promotional deductions, and trade spend.

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Emagia

FEBRUARY 5, 2023

The process can get more cumbersome if deductions are involved. Cash flow and working capital benefit substantially from a reduced days sales outstanding (DSO) achieved with the help of AR automation tool. There are case studies that have founds that AI-powered AR automation software helps shorten your DSO up to 25 percent.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Gaviti

JANUARY 2, 2024

Here’s the formula for Average Days Delinquent: ADD = Days Sales Outstanding (DSO) – Best Possible Days Sales Outstanding (BPDSO) Note the role of the DSO metric in this calculation. If you need help with this, check out how to calculate DSO. But note that CEI is more accurate when measuring collections in shorter periods.

Collection Effectiveness Index 52

Collection Effectiveness Index Average Days Delinquent Days Sales Outstanding DSO 52

apruve

JULY 25, 2022

These platforms digitalize workflows and automate repetitive and time-consuming tasks, allowing A/R teams to manage a growing customer base more efficiently while reducing Days Sales Outstanding (DSO). Cforia’s dashboard enables A/R teams to visualize credit, collections, disputes, deductions, cash flow and receivables data in a single place.

DSO 52

DSO Credit and Collections Order to Cash Days Sales Outstanding 52

Gaviti

APRIL 18, 2024

It also helps provide documentation in the event that your company has bad debt that it is able to take as a tax deduction. Track a range of traditional KPIs such as Total A/R, DSO, collections rate, and customer risk in addition to unique smart KPIs. Disputes and deductions. Customer invoice distribution.

AR Aging 52

AR Aging Credit and Collections Bad Debt Allowance for Doubtful Accounts 52

Gaviti

JUNE 13, 2024

With its ERP agnostic platform, customers have effectively improved their DSO by up to 30%. Aggregate information about your receivables into one customer dashboard that includes comprehensive metrics such as Median Days Delinquent ( MDD ), best DSO, customer risk, payment forecasting and more. Dispute Management and Deductions.

Credit and Collections 40

Credit and Collections DSO Deductions Collector 40

Gaviti

MARCH 3, 2024

This helps to speed up the entire invoice-to-cash cycle, reducing Days Sales Outstanding (DSO) and improving cash flow. Download the Ebook How Gaviti Automates the Account Receivables Process By automating the A/R process with Gaviti, businesses have been able to reduce their DSO by 30% – 50% in less than 6 months. It costs less.

DSO 52

DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

Gaviti

AUGUST 29, 2024

Gaviti’s A/R management and automation platform streamlines and optimizes the entire A/R process, from invoicing to credit management and monitoring, cash application, disputes and deductions and more.

DSO 52

DSO Credit and Collections Deductions Cash Applicator 52

Gaviti

OCTOBER 10, 2024

A/R solutions in particular streamline each aspect of accounts receivable, from collections to credit management, cash application and disputes and deductions. It has proven experience lowering DSO, reducing write-offs and lowering risk asset ratio (RAR). Without automation, the only real option to scale is to hire more people.

Invoice to Cash 52

Invoice to Cash Credit and Collections Payment Portals DSO 52

Serrala

AUGUST 29, 2022

This means that accounts receivable clerks can spend extra time focusing on late payers, disputes and deductions life cycles and at risk of default customers. Is your accounts receivable process ready for an update?

Invoice to Cash 52

Invoice to Cash DSO Dashboards Default 52

Gaviti

JULY 29, 2024

Make better credit decisions, lower DSO, and reconcile payments with near perfection. Gaviti users can also opt to put some of their customers on auto-pay and have funds automatically deducted when an invoice is due. Schedule a demo to learn more. Its Self-Service Payer Portal includes: Multiple payment types and methods.

Payment Portals 52

Payment Portals Electronic Funds Transfer Invoice to Cash Credit and Collections 52

Gaviti

FEBRUARY 18, 2024

Streamline the process for managing disputes and deductions. Automate as many elements of the process as possible, including dunning workflows, payment reminders, credit applications, payment reconciliation, the routing of disputes and deductions, and alerts and reports to the relevant stakeholders as needed. Collections Analytics.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

Gaviti

FEBRUARY 18, 2024

Streamline the process for managing disputes and deductions. Automate as many elements of the process as possible, including dunning workflows, payment reminders, credit applications, payment reconciliation, the routing of disputes and deductions, and alerts and reports to the relevant stakeholders as needed. Collections Analytics.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

Gaviti

JANUARY 7, 2024

Customer success teams can use the A/R performance metrics to evaluate the collections of individuals and teams, improve targets and compare the DSO of companies against others in the same vertical. Dispute and deductions management. Customized reports.

Invoice to Cash 52

Invoice to Cash Credit and Collections Collector Deductions 52

Gaviti

DECEMBER 28, 2023

KPIs and metrics such as DSO, collection rate, aging buckets and collection rate trend analysis can be defined and determined beforehand to standardize the measurement of performance of your collections teams. It also documents an audit trail of all disputes and deductions for any future analysis or audits.

Credit and Collections 52

Credit and Collections Invoice to Cash Deductions Collector 52