Nanonets

DECEMBER 26, 2024

To truly unlock the full potential of financial workflows, controllers and CFOs at mid-market and enterprise organizations—especially those seeking to optimize cash flow and streamline financial processes—must also focus on automating accounts receivable (AR). Why AR Automation Complements AP Automation 1.

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Enterprise Recovery: Accounts Receivable

MARCH 24, 2023

As accounts receivables (AR) begin to fall delinquent, your business expenses could fall delinquent as well. Use these tips to efficiently collect AR and get invoices paid faster. With every late-paying client, cash flow for payroll, rent, or other vendors falls short, threatening your company's bottom line and growth.

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Cevinio

FEBRUARY 1, 2024

One such critical aspect is managing Accounts Receivable (AR). Recognizing the potential for improvement, many businesses are turning to AR Automation to streamline these processes. But what exactly is AR Automation, and how can your business benefit from it? These are the questions we address in this blog.

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Gaviti

JANUARY 20, 2025

How the Matching Principle Aligns with AR Automation Accounts receivable automation simplifies and streamlines the management of the status of invoices, making it easier to track payments, monitor customer interactions, and maintain cash flow. AR solutions provide detailed records of invoices, due dates, and payment statuses.

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Gaviti

FEBRUARY 2, 2025

Understanding and improving the processes that influence your business operating cycleespecially accounts receivable (AR) managementcan significantly enhance financial performance. DSO represents the average time taken to collect payments after a sale.

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Invoicera

NOVEMBER 8, 2024

For many companies, managing accounts receivable (AR) and accounts payable (AP) is a constant challenge, with delayed payments, manual errors, and lack of real-time visibility causing significant disruptions. are paid late, impacting the financial health of businesses. This blog will highlight: Potential AR and AP management issues.

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Billing Platform

SEPTEMBER 25, 2023

Accounts receivable (AR) provides the critical link between making the sale and receiving payment. This blog explores the accounts receivable process and its steps, AR key performance indicators (KPIs), AR challenge, and the benefits of AR automation. Here are some collections process guidelines that are widely used.

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Invoicera

JANUARY 19, 2025

In this blog, we will discuss the top 7 benefits of automating AR and AP processes to help you become competitive. How Automating AR and AP Benefits You? Let’s take a look at the Top 7 Benefits of automating AR and AP and how these improvements can impact your business. Why should your business embrace this rising trend?

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Gaviti

NOVEMBER 14, 2022

Receivables collection is one of the most critical functions of any business, but it can also become one of the most stressful. Companies can reduce many overwhelming and monotonous aspects of collections via automation. Sage Intacct streamlines collections tasks but automation alone is not enough. Book your demo to get started.

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Gaviti

DECEMBER 6, 2023

This third party can be responsible for reports such as aging reports, scheduling payment reminders, tracking and collecting overdue invoices, and identifying high-risk customers to avoid extending more credit than they can realistically take on. Depending on the volume of invoices, it could be handled by an individual or a team.

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Gaviti

APRIL 24, 2023

The AR team must identify problems and seek long-term solutions. For example, AR teams might use one system for invoicing and another for inventory management, but those two systems do not speak to each other. Then, choose AR solutions that meet your short-term needs and long-term goals. Every business is different.

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Gaviti

MARCH 21, 2023

If this sounds like your company, then the best solution is to accelerate your accounts receivable collection so you can turn sales into capital you can actually use to maintain your business. There are many strategies to streamline invoice collection to get the money owed to your company quicker.

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Gaviti

AUGUST 29, 2024

What Is Short-Term Accounts Receivable Collections Forecasting? Short-term accounts receivable collections forecasting” refers to the process of projecting payments the company will receive within a short period of time. It can also help collections teams evaluate their own projection performance.

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Nanonets

MAY 8, 2023

Start your free trial Accounts receivable (AR) is an asset on a company's balance sheet. The third party then becomes responsible for collecting payment from the client. This can be a good option for companies that are struggling to make ends meet, but it can also be very expensive. Looking to automate accounting processes?

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Gaviti

MARCH 5, 2025

In these cases, transactions are fabricated, and funds are misappropriated under the guise of legitimate business activities. The complexity of such fraud often requires detailed audits and advanced analytical tools to detect discrepancies in reported revenue versus actual collections. Schedule a demo today!

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Outsourced Bookeeping

FEBRUARY 8, 2023

Accounts receivable and business collections are essential components of any business. As the year 2023 approaches, new accounts receivable trends and collection strategies will become increasingly important to ensure a healthy cash flow and financial stability.

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Intuit

SEPTEMBER 9, 2024

Processed accounts payable and receivable, ensuring timely payments and collections. Highlight specific skills: Showcase your proficiency in core bookkeeping tasks like accounts payable (AP), accounts receivable (AR), payroll, bank reconciliations, and financial reporting. Prepared and submitted payroll taxes accurately and on time.

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Outsourced Bookeeping

FEBRUARY 8, 2023

Accounts receivable and business collections are essential components of any business. As the year 2023 approaches, new accounts receivable trends and collection strategies will become increasingly important to ensure a healthy cash flow and financial stability.

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SSI Healthcare Rev Cycle Solutions

APRIL 29, 2025

These issues include: Incomplete or Inaccurate Patient Information : Patient access staff are tasked with collecting and verifying information during registration. When accuracy and efficiency slows in patient access, clean claim rates drop, stagnating collections and jeopardizing the financial stability of healthcare providers.

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Outsourced Bookeeping

MARCH 17, 2023

A standard set of Accounts Receivable policies will mitigate the inefficiencies and pave the way for improved AR performance. Credit incentives, versatile payment options, credit review protocols and well-structured credit policies are some standard procedures we suggest for our clients at Outsourced Bookkeeping.

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oAppsNet

MAY 28, 2024

In the contemporary business landscape, where efficiency and accuracy are paramount, automating Accounts Receivable Automation (AR) processes stands out as a transformative strategy. Embracing AR automation allows businesses to transcend traditional barriers, optimize financial health, and foster strategic growth.

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Outsourced Bookeeping

FEBRUARY 28, 2023

Accounts Receivable – Need for Metrics & KPIs: The information stuck in soloed legacy systems, disorganized processes, manual operations, and inconsistent collection process makes AR vague. The need for more visibility and control is akin to staying in the dark about your cash collection process. Aging AR is the answer.

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Outsourced Bookeeping

FEBRUARY 28, 2023

Accounts Receivable – Need for Metrics & KPIs: The information stuck in soloed legacy systems, disorganized processes, manual operations, and inconsistent collection process makes AR vague. The need for more visibility and control is akin to staying in the dark about your cash collection process. Aging AR is the answer.

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Gaviti

NOVEMBER 29, 2022

It also gives companies the ability to move away from manual tracking in spreadsheets, to a real-time dashboard, which saves time and gives a full and reliable visualization of the current state of collections. So, how can using a collection dashboard help, and why is it so indispensable as a growth tool? First Pass Yield.

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FundThrough

MAY 3, 2024

Summary: Key Takeaways about Accounts Receivable Financing Companies AR Financing vs. Factoring: AR financing uses invoices as collateral for cash advances, keeping customer relationships intact, while AR factoring involves selling invoices to a factoring company, which collects directly from customers.

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Outsourced Bookeeping

MARCH 29, 2024

Nevertheless, many businesses have difficulties that impede their efforts to manage AR, including resource limitations, inconsistent invoices, and late payments. Businesses are increasingly using accounts receivable outsourcing as a strategic strategy in response to these difficulties.

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Account Receivables Accounts Receivable Accounts Receivable AR 59

Outsourced Bookeeping

MARCH 16, 2023

A standard set of Accounts Receivable policies will mitigate the inefficiencies and pave the way for improved AR performance. Credit incentives, versatile payment options, credit review protocols and well-structured credit policies are some standard procedures we suggest for our clients at Outsourced Bookkeeping.

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oAppsNet

MAY 21, 2024

The rapidly evolving business landscape has spotlighted the critical function of accounts receivable (AR). AR practices are undergoing significant transformations as technologies advance and global markets expand.

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oAppsNet

MAY 23, 2024

In today’s fast-paced business environment, managing accounts receivable (AR) effectively is more critical than ever. AR is a fundamental aspect of a company’s financial health, the balance of money due to a firm for goods or services delivered but still needs to be paid for by customers.

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oAppsNet

MARCH 5, 2024

One area where digital transformation can profoundly impact is accounts receivable (AR) processes. Organizations can streamline AR processes, improve cash flow management, and enhance customer satisfaction by leveraging digital technologies and automation tools.

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Outsourced Bookeeping

DECEMBER 19, 2024

The sources and uses of cash are accounts payable and accounts receivable, and proper management of the two functions keeps the business financially fit and able to meet its obligations as and when due. The Importance of Accurate Accounts Payable and Receivable Tracking Why AP and AR Control is Important?

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Plooto

MARCH 28, 2024

The accounts receivable turnover ratio can be a helpful metric in determining the efficiency of your accounts receivable (AR) processes. The AR turnover ratio measures the number of times debts are collected from customers over a specified period.

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Gaviti

APRIL 18, 2024

As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (AR) collections aging report. What Is an AR Aging Report? This report is a valuable tactic to stay on top of cash flow and improve short-term collections forecasting.

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Gaviti

SEPTEMBER 19, 2022

In particular, we’re seeing automation become the norm in accounts receivable (AR) functions, with teams seeing immediate results from streamlined collections processes and improved cash flow. . Monitoring AR metrics like days sales outstanding ( DSO ) is one of the best places to start. And the effects can be drastic.

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Nanonets

MARCH 23, 2023

Effects of virtual reality, augmented reality & mixed reality on the workplace Photo by XR Expo / Unsplash Virtual reality (VR), augmented reality (AR), and mixed reality (MR) – collectively called XR – are gaining popularity in the modern workplace.

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AP Association

JANUARY 21, 2020

Create Your Vendor Onboarding Policy Your Vendor Maintenance Policy should provide instruction to internal team members on the following: What documents and are required to be collected from the vendor based on different criteria.

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AvidXchange

JUNE 6, 2022

Accounts receivable (AR) refers to the outstanding invoices a company has or the money it is owed from its clients. In business, AR represents a line of credit extended by a company, due within a relatively short timeframe, which could range from a few days to a year. It’s essentially an “IOU”. What is the Accounts Receivable Process?

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