article thumbnail

Maximizing O2C Success: Strategies for Accurate Payment Application at Scale

TreviPay

Some customers may short-pay an invoice, others may combine multiple payments, or there may be rounding errors. Only the exceptions are handled by humans, who can see the possible matches and help make the determination using additional facts that can be trained into the model for the next time.

article thumbnail

What Is a Short-Paid Invoice?

GoCardless

Find out how to prevent and resolve short pay invoices.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Are Your Customers as Profitable as You Think?

Your Virtual Credit Manager

Subscribe now Optimizing Deductions Processing Deductions (aka short pays or chargebacks) are taken when the customer believes the order was not fulfilled or billed properly. Here again, a Best Practice Collections process will serve you well. Not a subscriber — why don’t you take advantage of a free YVCM subscription?

article thumbnail

Are Your Profits Going Up in Smoke?

Your Virtual Credit Manager

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.

article thumbnail

5 Tips for an Automated Cash Application Process

Gaviti

Allow for different cash application processes for customers depending on the invoice amount, method of payment, partial vs full payments, discounts and short pays, whether the company is domestic or international, and more. Create customized workflows. Track and report A/R performance metrics.

article thumbnail

Paying It Forward: How One Company Transformed Credit Card Processing Fees Into Charitable Donations

Fundera

In short, Pay it Forward Processing created a win-win business model for their customers by donating their net proceeds to a charity through their Every Swipe Benefits Charity program without an increase in processing costs.

article thumbnail

Choosing a Payroll System: 8 Factors to Help You Decide

Fundera

If you pay your employees every week, you might not want a payroll system that costs you each time you run payroll. You would end up paying more money to run payroll if you have short pay periods. Instead, you would want a payroll system that lets you pay a flat amount, regardless of pay period. .