Emagia

DECEMBER 4, 2024

By enhancing cash flow and optimizing working capital, Emagia helps manufacturers focus on production and innovation. Consumer Packaged Goods (CPG) With high transaction volumes and frequent deductions, CPG companies face unique challenges. 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

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. They occur because a customer does not receive your product or service as ordered, or feels the invoice is incorrect. Many firms incur a substantial volume of deductions.

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Emagia

DECEMBER 3, 2024

The Emagia Autonomous Finance Platform is a cutting-edge solution that helps organizations achieve these goals by automating and streamlining critical financial processes, particularly in the Order-to-Cash (O2C) cycle. Emagia automates invoicing and deduction management, ensuring faster cash realization. Let’s explore.

Days Sales Outstanding 52

Days Sales Outstanding Revenue Recognition DSO Credit and Collections 52

Your Virtual Credit Manager

SEPTEMBER 10, 2024

To optimize the order-to-cash (O2C) process, it's crucial to understand the significant role Credit and Collections plays. This function must collaborate closely with sales, fulfillment, shipping/logistics, and accounting, all of which are integral to converting an order into cash.

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

Your Virtual Credit Manager

AUGUST 29, 2023

These can include: Too little time spent collecting (due to other priorities or lack of staff) Lack of training and experience Order-to-cash (O2C) process breakdowns or weaknesses Credit policy too lenient Invoice accuracy issues Collection strategy not effective Economic headwinds And, the list goes on.

DSO 130

DSO Credit and Collections Bad Debt Collection Effectiveness Index 130

Your Virtual Credit Manager

FEBRUARY 21, 2023

That certainly holds true for business processes, including the management of your Accounts Receivable (AR) and the part it plays in the order-to-cash process. If your AR is deteriorating, you better diagnose the problem as quickly as possible so you don’t incur cash flow problems and bad debt losses.

DSO 130

DSO Credit and Collections Collection Effectiveness Index Bad Debt 130

Your Virtual Credit Manager

JANUARY 9, 2024

Share Streamlining Processes and Workflows Another area where being proactive can reduce downstream issues involves your order-to-cash (O2C) process and the tasks associated with it. Please feel free to share this newsletter with your small business customers. it just might help them pay you sooner!

Credit and Collections 130

Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Your Virtual Credit Manager

DECEMBER 19, 2023

If they are the result of a payment deduction (partial payment), an issue requiring an administrative solution, not handling the matter inflates your AR. Anytime there is a payment deduction or a partial balance is left on an invoice, it should be a matter of policy to resolve the underlying issue within 30 days.

DSO 130

DSO Third Party Collections Credit and Collections Deductions 130

Emagia

FEBRUARY 21, 2025

Top Accounts Receivable Automation Software Vendor: Emagia Emagia: The Leading AI-Powered Accounts Receivable Automation Software Emagia is a top-tier provider of AI-driven accounts receivable automation solutions, offering businesses a smarter and more efficient way to manage their order-to-cash cycle.

Accounts Receivable (AR) 40

Accounts Receivable (AR) AR Automation Credit and Collections Cash Forecasting 40

Your Virtual Credit Manager

APRIL 18, 2023

Subscribe now An Overview of the AR Functions that Can Be Outsourced One option is to outsource all AR responsibilities in support of the order-to-cash (O2C) process: from billing to credit and collections to remittance processing. Not a subscriber … why don’t you take advantage of a free YVCM subscription?

Bad Debt 130

Bad Debt Credit and Collections Third Party Collections Accounts Receivable (AR) 130

Gaviti

DECEMBER 18, 2024

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.

Collection Effectiveness Index 52

Collection Effectiveness Index DSO Credit and Collections Invoice to Cash 52

Your Virtual Credit Manager

SEPTEMBER 12, 2023

To make matters worse, invoice errors also tend to generate payment deductions (partial payments). Correcting invoices and reconciling payment deductions are essentially rework: work that is not necessary if you got it right the first time. To make matters worse, most payment posting errors will involve deductions.

Credit and Collections 130

Credit and Collections Bad Debt Accounts Receivable (AR) Deductions 130

Your Virtual Credit Manager

MARCH 12, 2024

Share You must be a paid subscriber to continue reading this article and learn how addressing customer analysis, customer experiences and order-to-cash process improvement is necessary to the modernization and digital transformation of trade credit Customer Analysis The first task Deloitte recommends involves customer analysis.

AR Transformation 100

AR Transformation Credit and Collections Accounts Receivable (AR) Order to Cash 100

Emagia

DECEMBER 18, 2024

Tax Compliance : Provides allowable deductions, impacting taxable income. How Emagia Simplifies Depreciation Tracking and Journal Entries Emagia, an AI-powered Order-to-Cash platform, offers advanced tools to simplify accounting workflows, including depreciation tracking.

Deductions 40

Deductions Order to Cash 40

Emagia

MARCH 10, 2025

Discrepancies and Deductions : Handling discrepancies such as short payments, overpayments, and deductions adds complexity to the process. Delayed Updates : Manual processes can lead to delays in updating accounts, affecting cash flow visibility. Multiple Payment Channels : Payments received through various channels (e.g.,

Cash Applicator 40

Cash Applicator Days Sales Outstanding DSO Automated Cash Application 40

Gaviti

NOVEMBER 4, 2024

3 – Quadient Quadient’s dispute management tool is also part of its full accounts receivable management platform designed to automate the order-to-cash cycle and accelerate cash flow. It customizes all collection tasks with the goal of reducing the time and energy spent on the complex A/R process.

Credit and Collections 52

Credit and Collections Invoice to Cash Payment Portals DSO 52

Your Virtual Credit Manager

APRIL 11, 2023

In fact, a hands off approach will only serve to compound the weaknesses in your order-to-cash (O2C) process. Sometimes the errors are in the billing process, but they can also result due to missteps in the order fulfillment process. Accounts Receivables (AR) require active management. Laissez-faire doesn’t cut it.

Bad Debt 130

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

Your Virtual Credit Manager

OCTOBER 17, 2023

This includes keeping an eye on your order-to-cash (O2C) processes, which can have a significant impact on bad debt write-off levels — for example recurring billing errors or an accumulation of unresolved payment deductions. When risk increases in one area, you need to employ a tactical solution to deal with it.

Bad Debt 130

Bad Debt Credit and Collections Credit Risk Accounts Receivable (AR) 130

apruve

JULY 25, 2022

The HighRadius Accounts Receivable Solution digitalizes and integrates credit, billing and invoicing, cash application, deductions, and collections in order to reduce invoice-to-cash process times, improve the customer experience, and give A/R teams more time to focus on mission-forward tasks. What Sets HighRadius Apart.

DSO 52

DSO Credit and Collections Order to Cash Days Sales Outstanding 52

Emagia

DECEMBER 3, 2024

The Emagia Autonomous Finance Platform is a cutting-edge solution that helps organizations achieve these goals by automating and streamlining critical financial processes, particularly in the Order-to-Cash (O2C) cycle. Emagia automates invoicing and deduction management, ensuring faster cash realization. Let’s explore.

Days Sales Outstanding 52

Days Sales Outstanding Revenue Recognition DSO Credit and Collections 52

Emagia

FEBRUARY 5, 2023

The process can get more cumbersome if deductions are involved. Enterprises that have large number of customers across regions and huge volume of invoices can manage cash application quickly and efficiently only with automated AR solutions. How Does an Efficient AI-powered AR Software Benefit Businesses?

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Emagia

JANUARY 22, 2023

Intelligent forecasting and budgeting supported by automation tools can present unbiased insight into actionable items to help improve the top line, bottom line, and cash flow. By adopting emerging technologies like AI, ML, and Automation, such time-consuming and mundane tasks can be automated.

Days Sales Outstanding 52

Days Sales Outstanding AR Automation Order to Cash DSO 52

Emagia

NOVEMBER 2, 2023

GenAI eliminates these drawbacks by extracting essential details such as customer names, invoice numbers, total amounts, and deductions, regardless of document format or structure. Traditional methods required manual data entry and invoice matching, which was not only time-consuming but also prone to errors.

Cash Applicator 52

Cash Applicator Accounts Receivable (AR) AR Automation Order to Cash 52

Gaviti

JULY 11, 2024

Disputes and deductions. Track, code, route and resolve customer disputes and deductions quickly by identifying recurrent issues and taking a proactive approach to future issues. Simplify customer payment by offering multiple types of payment, including credit cards, debit cards, ACH transfers , electronic wallets, and more.

DSO 52

DSO AR Automation Credit and Collections Bad Debt 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. Since automation improves speed and accuracy, it is far more effective at scaling than manual methods. 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

Emagia

JANUARY 3, 2023

Emerging technologies such as AI, ML, RPA, Robotics, IoT, and blockchain, among others, are making all business operations and processes including Order to Cash (OTC) or a Cash Application autonomous with minimum human supervision and support. The Benefits of Automated Cash Application.

Cash Applicator 52

Cash Applicator Automated Cash Application DSO Credit and Collections 52

Serrala

MARCH 14, 2024

All of which can be accessed in real-time for an up-to-date and accurate overview of your company’s cash position. Read more our FS² Collections software for collections, deductions, and disputes is the most comprehensive available, allowing you to centralize and standardize to improve customer engagement and reduce time to pay.

Credit and Collections 52

Credit and Collections Automated Cash Application Cash Applicator Bad Debt 52

SAP Credit Management

AUGUST 24, 2023

Use Used by the system when creating an accounting document from a billing document to determine the revenue or sales deduction account. Account Assignment Group for Material Group of materials with the same accounting requirements. Column 6 AcctAssmtGrpmat comes from below highlighted field. This comes from Line item.

Collector 142

Collector Transactions Default Order to Cash 142

Your Virtual Credit Manager

JANUARY 21, 2025

Large swaths of the order-to-cash (O2C) process involve credit and collection activities. Broadly defined, the credit’s contributions involve approving new customers for open terms and new orders at the front end of the O2C cycle. How much time is spent on collections as opposed to payment deduction/dispute resolution?

Order to Cash 130

Order to Cash Credit and Collections Bad Debt Accounts Receivable (AR) 130

Your Virtual Credit Manager

DECEMBER 24, 2024

Even if there is a single person credit department, or a small team with several people on the credit staff, everybody has to be somewhat of a generalist, splitting time between credit analysis, collections, deductions resolution, cash applications and other AR activities. What else can be done?

Credit and Collections 130

Credit and Collections Collector Bad Debt Accounts Receivable (AR) 130

Your Virtual Credit Manager

MARCH 11, 2025

From an accounts receivable (AR) perspective, digitization began accelerating in the late eighties with the introduction of tools that could help with financial analysis followed by collection, deduction management, and remittance processing software in the nineties.

Days Sales Outstanding 130

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

Emagia

FEBRUARY 14, 2025

This integration encompasses functions such as credit management, invoicing, collections, deductions, and cash application. Deductions and Dispute Management Automated Deduction Coding: Classifying and resolving deductions efficiently to minimize revenue leakage. Why is Receivables Automation Important?

Days Sales Outstanding 40

Days Sales Outstanding DSO Credit and Collections Cash Applicator 40