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Different Payments Types Explained

Lockstep

With inflation discussions dominating the conversation today, it is more important than ever to decrease your days sales outstanding (DSO). Paper checks require significant manual processing, which can lead to payment errors, increased DSO, and late payments. . However, that doesn’t make them the most efficient. What is an EFT?

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Top 6 Accounts Receivable Software Providers with a Payment Portal

Gaviti

Customers should be able to pay invoices using ACH, local bank transfer, wire transfer, credit cards, and electronic funds transfer (EFT). Make better credit decisions, lower DSO, and reconcile payments with near perfection. Multiple types and methods of payments. Automation of the payment approval process.

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What Is Cash Management?

TreviPay

Some examples of cash management services include: Automated Clearing House (ACH) Services: These services allow for electronic funds transfers, making direct deposits, bill payments, and business transactions efficient. These help businesses efficiently manage their cash flow and liquidity.