The cash application process is a vital part of the accounts receivable (AR) workflow in any organization. It guarantees that the accompanying payments are automatically matched with the invoices, thereby empowering the companies to maintain their...
In times of great change and uncertainty, Accounts Receivable (AR) departments play an instrumental role in helping the business remain proactive, resilient and competitive. This blog aims to shed light on one crucial AR process — cash application...
Most financial leaders agree that the goal of the invoice-to-cash (I2C) process is ensuring customers pay on time. After investing so much time and money in acquiring the customer, delivering quality goods and services, and providing excellent...
The rise in B2B customer payment portals has opened the door to many efficiencies for businesses and consumers alike — but it hasn’t come without its share of unwanted consequences for Accounts Receivable (AR) teams and their customers.
In a recent...
As the process for identifying, tracking and resolving financial discrepancies in customer payments, deductions management is a vital component of accounts receivable. After all, what business doesn’t want to make sure they’re getting paid the full...
When a business sells goods or services on credit, it generates an invoice. Until it’s paid by the customer, this invoice is considered accounts receivable (AR) — money the business expects to collect in the future.
The central role of AR...
Fifteen years ago, over 65% of U.S. payments were made by check. This has dropped to around 33%, but check usage remains high in certain industries like wholesale distribution, where it exceeds 60%. These sectors serve small subcontractors, medical...
Reducing DSO, even slightly, can go a long way toward improving financial health. There are several strategies to reduce DSO and improve an organization’s cashflow, including AI-driven automation. However, automating just one side of the cashflow...
In today’s fast-paced business environment, managing accounts receivables collections efficiently is crucial for maintaining healthy cashflow and minimizing manual workload. Collections management automation helps streamline processes, reduce...
Let’s face it — fraud isn’t going anywhere. With the rapid advancements of technology, the risk of fraud is only increasing. According to the 2023 AFP Payments Fraud and Control Survey, 65% of respondents indicated that their organizations were...
04/08/25The cash application process is a vital part of the accounts receivable (AR) workflow in any organization. It guarantees that the accompanying payments are automatically matched with the invoices, thereby empowering the companies to maintain their...
04/02/25In times of great change and uncertainty, Accounts Receivable (AR) departments play an instrumental role in helping the business remain proactive, resilient and competitive. This blog aims to shed light on one crucial AR process — cash application...
03/18/25Most financial leaders agree that the goal of the invoice-to-cash (I2C) process is ensuring customers pay on time. After investing so much time and money in acquiring the customer, delivering quality goods and services, and providing excellent...
02/18/25The rise in B2B customer payment portals has opened the door to many efficiencies for businesses and consumers alike — but it hasn’t come without its share of unwanted consequences for Accounts Receivable (AR) teams and their customers. In a recent...
01/28/25As the process for identifying, tracking and resolving financial discrepancies in customer payments, deductions management is a vital component of accounts receivable. After all, what business doesn’t want to make sure they’re getting paid the full...
10/30/24When a business sells goods or services on credit, it generates an invoice. Until it’s paid by the customer, this invoice is considered accounts receivable (AR) — money the business expects to collect in the future. The central role of AR...
06/20/24Fifteen years ago, over 65% of U.S. payments were made by check. This has dropped to around 33%, but check usage remains high in certain industries like wholesale distribution, where it exceeds 60%. These sectors serve small subcontractors, medical...
06/06/24Reducing DSO, even slightly, can go a long way toward improving financial health. There are several strategies to reduce DSO and improve an organization’s cashflow, including AI-driven automation. However, automating just one side of the cashflow...
06/04/24In today’s fast-paced business environment, managing accounts receivables collections efficiently is crucial for maintaining healthy cashflow and minimizing manual workload. Collections management automation helps streamline processes, reduce...
05/14/24Let’s face it — fraud isn’t going anywhere. With the rapid advancements of technology, the risk of fraud is only increasing. According to the 2023 AFP Payments Fraud and Control Survey, 65% of respondents indicated that their organizations were...