Remove Deductions Remove Information Remove Payment Portals
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5 Accounts Receivable Collection Mistakes You Should Avoid

Gaviti

Missing details, such as purchase order numbers or bank information, can lead to disputes or delays in processing payments. Ensuring all necessary forms and data are included at the start helps streamline the payment process. Tip: Use A/R solutions with template features to ensure all essential information is included.

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Accounts Receivable Analysis: Meaning, Objectives, Importance

Gaviti

Disputes and deductions. Consequently, failure to analyze this data can cause severe losses and missed opportunities. One of the best outcomes of analyses is that they can answer some pressing questions a business might have. For example, some might prefer to pay in person via credit or debit card. Others might like to pay online.

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

Gaviti

Associate each payment with its corresponding invoice for precise application and reconciliation of payments with remittance information such as invoice numbers or payment references. When customers use the Self-Service Payer Portal, Gaviti can match payments to open invoices with near 100% accuracy.

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Why a Multi-Payment Gateway is a Game-Changer

Gaviti

You’ll want to offer the right technology to ensure your customer payment data and information is secure, yet also provide a wide range of payment methods at the same rates your customers are used to. One solution to this may be to implement multi-payment gateways. Help automate the A/R process. Cash Application.

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7 Best Accounts Receivable (A/R) Automation Software Vendors

Gaviti

This in turn fosters greater collaboration among teams and the ability to make more informed decisions. Automate the matching of invoices to payments, eliminating human error involved with manual matching and accelerating the bank reconciliation process. Disputes and deductions. Having a proactive collections strategy.

DSO 52
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Best 5 Autonomous Finance Tools for 2024

Gaviti

A/R solutions in particular streamline each aspect of accounts receivable, from collections to credit management, cash application and disputes and deductions. Its AI copilot works throughout the entire solution both to gather information, optimize text and workflows, and make proactive suggestions for improvement.

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5 Methods to Reduce Late Payments

Gaviti

It’s important to receive regular risk assessments for your customers to verify their creditworthiness and extend credit to them based on their payment history, not out of courtesy. Ideally, customer credit applications should be streamlined to focus on only the most important information to ensure they are quick and accurate.