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More About Purchasing Credit Reports Automate Repetitive Issues As illustrated above, repetitive issues such as payment deductions or applying payments can become bottlenecks that require a process solution. However, repetitive issues can also just be something that is required to be done repeatedly.
” 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.
Its order to cash software delivers reports that go beyond the standard collections, deductions, cash application, credit, electronic invoicing, and payment processes to include KPI tracking that uncover insights to help improve performance.
For example, some might prefer to pay in person via credit or debit card. Credit management and monitoring. Send onlinecreditapplications to existing and potential customers to evaluate customer’s creditworthiness. Disputes and deductions.
It also helps provide documentation in the event that your company has bad debt that it is able to take as a tax deduction. Disputes and deductions. Credit management and monitoring. Send onlinecreditapplications to both existing customers and potential prospects.
Integrate with external credit rating agencies and other reputable sources to gain better understanding of the creditworthiness of your customers and prospective customers. Use onlinecreditapplications to streamline the credit approval process. Disputes and deductions. Cash application.
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