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What data can, and should, small businesses collect about their customers?

Xero

I always feel energised after these meetings and in this one we had a fascinating discussion around data collection minimisation. Anna kicked off the discussion by asking the group to think about the (over) collection of gender data. It is a key concept underpinning responsible data use. Privacy by design.

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Top 10 Collection Reminders Writing Tips

Gaviti

Managing accounts receivable can be challenging, but having a structured approach to writing collection reminders can make a significant difference. Having a defined plan will help you to act systematically in order to collect your receivables in a timely manner. Other customers might want to be able to send electronic payments.

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5 Accounts Receivable Collection Mistakes You Should Avoid

Gaviti

This mindset often leads to underinvestment in collections efforts, and when budget cuts are necessary, accounting departments like collections are typically the first affected. However, maintaining a steady cash flow is essential for business survival, and efficient collections directly impact the bottom line.

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The 5 Best Collections Email Templates

Gaviti

Anyone who’s worked in accounts receivables knows how valuable a good collections email template can be. Accounts receivable collections rely on clear communication with customers, both in delivering accurate invoices on time and ensuring those invoices get paid. It also eases the burden of invoice collections somewhat).

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Taxpayers sue Google, Meta over privacy leaks

Accounting Today

Google and Meta are facing class action suits after revelations they had been collecting sensitive taxpayer information via online filing sites.

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How to Collect Outstanding Invoices Faster With Better Dunning A/R Collections Templates

Gaviti

Effective communication is the most critical aspect of any A/R collections strategy. Even so, there are some basics you can apply across most templates you may use for collections. Include details such as accepted payment methods, terms, due dates, and contact information. Keep this end goal in mind when creating your templates.

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What Is A Debt Management & Collections System?

Billing Platform

So whether you’re a small and medium-sized business (SMB) or a large enterprise, one thing is certain – collecting unpaid debt is time-consuming and filled with challenges. This is where a debt management and collections system can help keep your revenue flowing. And the benefits don’t end there.