RevCycle

DECEMBER 7, 2023

Offer alternative payment methods: Provide options like online payments, installments, or pre-authorized debit to make it easier for customers to pay on time. Be transparent about late fees and consequences: Clearly outline any late fees or penalties associated with overdue payments, but do so in a non-threatening, informative manner.

Alternative Payment Methods 181

Alternative Payment Methods Credit and Collections Credit Scoring Payment Portals 181

Gaviti

FEBRUARY 27, 2025

Self-Service Customer-Facing Payment Portal: Offers customers multiple payment options, including autopay, and a centralized view of all outstanding invoices, facilitating prompt and convenient payments. Cash Application: Utilizes AI-powered remittance auto-matching to achieve up to 95% payment matching accuracy.

Invoice to Cash 66

Invoice to Cash Payment Portals Credit and Collections Days Sales Outstanding 66

Gaviti

NOVEMBER 24, 2024

Offer a range of payment methods and, if available, a link to your customer payment portal from the invoice itself. A Self-Service Payer Portal that enables customers to conveniently make payments online 24/7 with a variety of payment options including ACH , electronic payments, debit and credit cards , and more.

Credit and Collections 52

Credit and Collections DSO Average Days Delinquent Collection Effectiveness Index 52

Gaviti

DECEMBER 5, 2024

Make it as easy as possible for your customer to pay you by offering various payment options (e.g. Offering a customer-facing payment portal makes paying you very smooth because the customer doesn’t need to know your bank account information and is less likely to make a mistake that will prevent you from reconciling the invoice later.

Credit and Collections 52

Credit and Collections Invoice to Cash Payment Portals DSO 52

Emagia

FEBRUARY 21, 2025

This comprehensive guide will walk you through everything you need to know to make an informed decision. Cash Flow Optimization : Provides real-time visibility into outstanding invoices and payment statuses. Customer Satisfaction : Enhances the payment experience for customers through features like online payment portals.

Payment Portals 40

Payment Portals Accounts Receivable (AR) Days Sales Outstanding Cash Applicator 40

Gaviti

FEBRUARY 4, 2025

Harnessing internal data empowers your team to make informed decisions that improve efficiency and drive faster collections. Payment Portal: Offer multiple payment options, maintain complete invoice and payment histories, and provide auto-pay features.

Average Days Delinquent 59

Average Days Delinquent Credit and Collections AR Metrics DSO 59

Gaviti

NOVEMBER 4, 2024

Customers should have access to a secure portal where they can view the status of disputes in accounts receivables in real time. In addition, after disputes are settled, customers should have the option of making payments directly through an integrated customer payment portal. Centralized hub of information.

Credit and Collections 52

Credit and Collections Invoice to Cash Payment Portals DSO 52

Gaviti

JULY 25, 2024

Regardless of the choice in technology, businesses benefit from: Automated payment matching. AI-driven algorithms ensure that the correct invoice is matching to the corresponding payment – even when automated cash information is missing or incorrect. Automatic cash application via the payment portal.

Cash Applicator 98

Cash Applicator Payment Portals DSO Credit and Collections 98

Gaviti

MAY 9, 2023

Enhance decision-making capabilities with comprehensive and up-to-date customer credit information. Here are additional features we added to Gaviti’s core capabilities: Enhanced Customer Profiles : We have introduced an improved customer profile feature that offers easy tracking and management of customer information and data.

Credit and Collections 98

Credit and Collections Credit Management Dashboards Payment Portals 98

Gaviti

JULY 24, 2024

Here are some examples: Invoice numbers Purchase order period Payment deadline period Customer information Product(s) or service(s) ordered 5. Verify Information No matter how legitimate an invoice looks at a first glance, never skip the verification process. Cash application.

Credit and Collections 98

Credit and Collections Bad Debt Payment Portals Cash Applicator 98

Gaviti

JUNE 19, 2023

Clearly State the Payment Options Clear communication helps customers identify which option works best for them. Include details such as accepted payment methods, terms, due dates, and contact information. Be Respectful Keep your tone polite and respectful when you request outstanding payment.

Days Sales Outstanding 98

Days Sales Outstanding Credit and Collections Payment Portals DSO 98

Eagle Business Credit

JANUARY 10, 2023

What You Need to Include in a Small Business Invoice: Your company contact information. Your customer contact information. Payment information. Payment due date. Payment terms. Contact Information. You want the contact information for both your company and for your customer. Invoice number.

Small Businesses 98

Small Businesses Payment Portals 98

Gaviti

MARCH 21, 2023

Another way to address this is to use a payment portal with many different payment options, allowing the customer to choose the payment method most comfortable for them without requiring any extra work from you. Have a payment portal. Consider an automated accounts receivable solution.

Payment Portals 78

Payment Portals DSO Alternative Payment Methods Dashboards 78

The Esker Blog

JANUARY 3, 2023

Check out Esker’s payment portal. Do you have a procedure in place for updating credit information on a regular basis? Stricter credit approval Are you performing credit evaluations on all new customers? Are your credit terms appropriate and followed by your sales department?

DSO 98

DSO Accounts Receivable (AR) Credit and Collections Days Sales Outstanding 98

Emagia

FEBRUARY 21, 2025

Real-Time Cash Flow Monitoring AR automation provides real-time visibility into receivables and cash flow, enabling businesses to make informed financial decisions. Enhanced Data Security and Compliance in AR Processes Protecting sensitive financial information and ensuring compliance with regulations are paramount.

Accounts Receivable (AR) 40

Accounts Receivable (AR) AR Automation Days Sales Outstanding DSO 40

Gaviti

JUNE 10, 2024

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.

Payment Portals 52

Payment Portals Electronic Funds Transfer Credit and Collections Cash Applicator 52

Gaviti

AUGUST 27, 2024

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.

DSO 92

DSO Credit and Collections Deductions Payment Portals 92

Gaviti

APRIL 11, 2024

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.

Bad Debt 98

Bad Debt Credit and Collections Collection Effectiveness Index DSO 98

Emagia

FEBRUARY 20, 2025

By utilizing real-time data and analytics, companies can make informed decisions about extending credit, thereby minimizing the risk of bad debts. Offering Multiple Payment Options Provide customers with various payment methods, such as credit cards, ACH transfers, and online payment portals, to facilitate prompt payments.

AR Automation 40

AR Automation Credit and Collections Cash Applicator DSO 40

Gaviti

AUGUST 4, 2024

Gaviti Gaviti delivers 100% accuracy matching invoices to payments when customers use its Self-Service Payment Portal, and a 95% rate of accuracy for all payments. Automated payment matching. The software should also be able to link this remittance data to payment information.

Cash Applicator 52

Cash Applicator DSO Payment Portals Automated Cash Application 52

Gaviti

JULY 11, 2024

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. Having a proactive collections strategy. Credit monitoring and management.

DSO 52

DSO AR Automation Credit and Collections Bad Debt 52

Serrala

JULY 20, 2023

S-Business App cp Thu, 07/20/2023 - 15:37 S-Business App Privacy Statement of Sparkasse and Serrala Cloud Solutions GmbH for the app "S‐Business" The privacy of your personal information is very important to us as at Sparkasse. In addition, this privacy statement informs you of your rights.

Payment Portals 40

Payment Portals Transactions Default 40

Serrala

AUGUST 30, 2022

When using the Alevate Payments application (henceforth referred to as "Alevate Payments app"), personal data is collected at various points. Information is only collected when technically necessary. The information is treated as strictly confidential and is used exclusively for the communicated purpose. General Topics.

Payment Portals 40

Payment Portals Transactions Default 40

Serrala

JULY 20, 2023

NLB-Business App cp Thu, 07/20/2023 - 15:05 NLB-Business App Privacy Statement of Norddeutsche Landesbank (NORD/LB) and Serrala Cloud Solutions GmbH for the "NORD/LB Business App" The privacy of your personal information is very important to us as at NORD/LB. In addition, this privacy statement informs you of your rights.

Payment Portals 40

Payment Portals Transactions Default 40

Gaviti

OCTOBER 10, 2024

Its AI copilot works throughout the entire solution both to gather information, optimize text and workflows, and make proactive suggestions for improvement. That means 100% matching for customers using Gaviti’s payment portal and 95% for payments made to the bank or a lockbox. Self-Service Customer Portal.

Invoice to Cash 52

Invoice to Cash Credit and Collections Payment Portals DSO 52

Waystar

AUGUST 18, 2022

To foster patient adoption, organizations must take a people-first approach, treating patients like humans and communicating with them in a way that makes them feel heard, understood and empowered to use new tools such as patient payment portals and show up to their appointment with less stress. Consolidate information.

Medical Billing 52

Medical Billing Payment Portals 52

Gaviti

JANUARY 16, 2023

Provide clear and easy-to-follow instructions on how to pay the invoice, including links to online payment portals or contact information for the accounts receivable team. Avoid aggressive language or tone, and instead focus on politely reminding the customer of their outstanding invoice.

Days Sales Outstanding 98

Days Sales Outstanding DSO Payment Portals 98

Eastern Credit Management Services

AUGUST 15, 2023

Automated reminders, online payment portals, and data analytics enable us to work efficiently while providing convenience to debtors. For more information on how ECMS adapts to changing economic conditions and offers effective debt collection solutions, feel free to contact us. Your financial well-being is our priority.

Debt Collections 52

Debt Collections Credit and Collections Payment Portals Credit Management 52

Gaviti

MAY 9, 2023

Enhance decision-making capabilities with comprehensive and up-to-date customer credit information. Here are additional features we added to Gaviti’s core capabilities: Enhanced Customer Profiles : We have introduced an improved customer profile feature that offers easy tracking and management of customer information and data.

Credit and Collections 52

Credit and Collections Credit Management Dashboards Payment Portals 52

Fundera

JUNE 24, 2018

We also included information on common currencies by country to help demystify the money challenges that are common when traveling abroad. If you’re searching for specific information to help plan an international business trip, jump right to what you’re looking for: 10 Money Tips for International Business Travelers.

Credit Unions 60

Credit Unions Payment Portals Transactions 60

Gaviti

SEPTEMBER 23, 2024

These two KPIs aren’t perfect, but they inform decisions that ultimately determine how much cash you have available. Match over 95% of payments with cash application through Gaviti’s Self-Payment Portal that includes AI-powered remittance auto-matching.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Credit Sales 52

Gaviti

FEBRUARY 18, 2024

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.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

Gaviti

FEBRUARY 18, 2024

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.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

Gaviti

NOVEMBER 27, 2023

Gathering documentation and data: The analyst collects relevant information, such as Proof of Delivery (PoD), Purchase Orders (PO), Bill of Lading (BoD), or tax invoices to determine the cause of the dispute and develop a resolution strategy. Informing the client: If invalid, further research is done or the issue is closed.

Invoice Disputes 52

Invoice Disputes Deductions Credit and Collections Invoice to Cash 52

Lockstep

JANUARY 25, 2023

Providing real-time access to invoices and payment deadlines through a self-service portal is an important step in ensuring customers have a positive experience.

Payment Portals 86

Payment Portals 86

Fundera

JULY 19, 2018

If you run a custom-built website or payment portal, you should get in contact with your webmaster or developer immediately to integrate support for different sales tax rates. This article has been prepared for informational purposes only and not for the purpose of providing legal advice.

Payment Portals 52

Payment Portals Transactions Deductions 52

Gaviti

APRIL 30, 2023

Payment redirection fraud, in most cases, is done by manipulating unsuspecting employees into giving up sensitive information or sending funds digitally. Companies need to support their employees with dedicated training and policies that inform them of potential threats.

Cybersecurity 52

Cybersecurity Payment Portals Transactions Small Businesses 52