Gaviti

APRIL 8, 2024

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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Accounting Today

AUGUST 24, 2023

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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Billing Platform

DECEMBER 3, 2023

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.

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Gaviti

JUNE 19, 2023

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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Accounting Tools

JULY 17, 2024

What is a Financial Information System? A financial information system is an organized approach to collecting and interpreting information, which is usually computerized. Examples of Financial Information Systems Here are several examples of financial information systems that one company might use: Accounting system.

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Gaviti

DECEMBER 18, 2022

So, how can account receivable collections and automation help them achieve this? Before delving into the topic of A/R collections and automation , let’s first define what working capital is. Accurate and timely information is a priceless resource in any organization. Prioritize Collection Tasks.

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Xero

OCTOBER 1, 2023

As a small business or advisor working with sensitive personal and financial information every day, the stakes are high. Why are they stealing information? Personal information can be used to commit identity fraud like scam campaigns, or payment fraud like transactions on stolen credit cards. Who are they?

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Gaviti

MAY 9, 2023

We are thrilled to announce the launch of our latest addition to the Gaviti accounts receivable collections platform: the Credit Management Module! Enhance decision-making capabilities with comprehensive and up-to-date customer credit information. Currently this module is open to our Gaviti Customers Champion group.

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LedgerDocs

JULY 6, 2023

It also provides your bookkeeper with all of the information they require to effectively manage your finances. But collecting and organizing these documents can be a daunting task. The post Bookkeeping Document Checklist: Collect and Organize Your Financial Documents appeared first on LedgerDocs.

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Gaviti

JANUARY 8, 2023

How Prioritization Strategies Improve Collections Performance. Accounts Receivable teams can use prioritization strategies to increase the efficiency of their collections process. Organizations can improve the efficacy of their A/R processes by using task prioritization in collections management. Use Automation Tools.

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Xero

FEBRUARY 26, 2024

Managing it can be a juggle, but there are an array of tools you can use to stay on top of this crucial information and better manage your cash flow and compliance. Fortunately, there are smarter, easier and quicker ways to capture this important information. That’s why both Hubdoc and Dext make it easy to capture that information.

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Gaviti

APRIL 18, 2023

This blog post will explore various strategies that finance and collections teams can adopt to better handle issues that might arise from these recent unyielding interest rate increases. Ensure that your collections team has the necessary resources and tools to collect outstanding receivables and manage cash flow effectively.

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FinOps Foundation

FEBRUARY 22, 2024

State of FinOps Survey The State of FinOps is an annual survey conducted by the FinOps Foundation since 2020 to collect information about key priorities, industry trends, and the direction of the FinOps practice. The State of FinOps survey is conducted with a continuous collection model, meaning it is open year round.

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Gaviti

DECEMBER 5, 2024

Many businesses can significantly improve their cash flow by implementing more effective strategies for collections, including adopting more strategic approaches to accelerate B2B payment of invoices. Leverage past data to improve A/R collections performance. Include all invoice information in the B2B payment reminder.

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Intuit

MARCH 18, 2025

Their approach made the screening not just informative, but also really engaging. Here at Intuit, we believe in nurturing our teams and ensuring that every individual is part of our collective journey to the top. Craft demonstration Intuit’s crafting process is distinctive.

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Gaviti

MAY 30, 2023

How well your team handles collections determines whether you have the cash to make payroll, pay taxes, and cover other financial obligations. What Is Accounts Receivable Collections Outsourcing? A/R collections outsourcing refers to the practice of hiring another entity to manage your collections activities.

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Xero

JULY 6, 2022

This makes it easy to collect both recurring and one-off invoice payments directly from customers’ bank accounts through direct debit and open banking. Dext Prepare extracts data from sales, purchases and bank information through various inputs and fed into Xero for reconciliation. . Check out Pleo in the Xero App Store.

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Gaviti

JANUARY 16, 2023

As a collections team, mailing dunning emails and collecting receivables from customers are routine tasks. By applying these same principles to your collections workflows, you can improve your cash flow and reduce your Days Sales Outstanding (DSO). But how can you ensure that you are using the most effective workflow possible?

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Xero

AUGUST 25, 2024

Streamlined payments experience: We are working to better enable the way payments are collected globally. Making the setup of recurring invoices more flexible with improved scheduling options and payment methods to collect recurring payments. Enabling multiple invoices to be paid at once via a statement.

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Xero

SEPTEMBER 1, 2022

GoCardless makes it easy for you to collect one-off, or automated, bank payments for your Xero invoices. Collect payments faster with Xero Invoice Payments. Dext Prepare extracts data from sales, purchases and bank information through various inputs and fed into Xero for reconciliation. . GoCardless.

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Billing Platform

DECEMBER 9, 2024

4) Secure Payments The ability to accept recurring payments requires you to provide the security needed to collect sensitive information, as well as be in compliance with PCI-DSS and other regulations such as ASC 606 and IFRS 15. However, the majority of involuntary customer churn can be avoided through effective dunning management.

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Intuit

SEPTEMBER 17, 2024

Protecting data privacy: AI requires enormous amounts of data for training, but it’s critical that this data is handled securely and responsibly, especially when it involves sensitive or private information. Their role is to build and manage the data storage infrastructures where the data used to train AI is collected, curated, and processed.

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Xero

AUGUST 7, 2023

GoCardless GoCardless puts you in control of collecting payments directly from your customers. The multi Xero award-winning GoCardless integration allows you to set up recurring and one-off payments with your customers, automatically collecting payments for your invoices.

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Compleatable

MARCH 6, 2025

Collection, digitization, verification, coding and approval of Invoices and Bills improves finance efficiency by up to 95%. Revenue Cycle Management : Streamline billing and collections processes to ensure timely payments from residents, insurance companies, and government programs.

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Counto

DECEMBER 15, 2024

Collect Relevant Information ChatGPT can gather financial reports, previous meeting notes, and other necessary documents, ensuring participants are prepared. Example : Before a tax filing meeting, ChatGPT can collect and summarise previous filings and current tax information. No more delays while looking for information.

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Xero

AUGUST 22, 2023

Businesses can choose to include future invoice and bill payments, collectively or individually, within their cash flow forecast. Collectively, our products are already saving customers a huge amount of time each year. Experimenting with generative AI to improve customer support AI already powers a range of products across Xero.

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oAppsNet

JANUARY 14, 2025

A W-9 form is a document the Internal Revenue Service (IRS) provides that formally requests a taxpayers identification information. Heres why it matters: Accurate Tax Reporting : Businesses use the information on a W-9 form to prepare 1099 forms, which report non-employee compensation to the IRS.

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RevCycle

DECEMBER 7, 2023

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. Personalize your approach: Avoid generic collection letters. The post Holiday Collection Policy Tips from the RevCycle Heroes appeared first on RevCycle.

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Xero

AUGUST 16, 2022

Easily collect invoice payments directly from your customers’ bank accounts using ACH Debit and real-time payments. From selling your services and creating impressive digital proposals, through to automated invoicing and payment collection, Ignition helps you build lasting client relationships with ease. GoCardless.

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Gaviti

NOVEMBER 4, 2024

As companies scaled and these disputes increased, however, businesses started to turn to dispute automation for a more efficient dispute management process for collections and dispute management. It should collect data about disputes over time to deliver insights about customer trends, behavior, and track dispute times.

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Gaviti

OCTOBER 30, 2023

What are the Benefits of Autonomous Finance in A/R Collections? Automating manual tasks such as A/R invoice collections and account reconciliation eliminates these tasks that are prone to human error. As a result, businesses can increase productivity in their A/R collections teams without hiring additional staff.

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Gaviti

OCTOBER 13, 2024

Predictive AI capabilities in many modern B2B collections software now let businesses do exactly this while solving many other challenges in the B2B collections process. The Challenges of Traditional B2B Collections Unlike B2C collections, B2B collections involve steps related to credit, financing and legal agreements.

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Gaviti

DECEMBER 18, 2024

These reporting features also help businesses predict trends and make more informed strategic business decisions. Different types of reports include an accounts receivable aging report, customer balance reports, collections performance reports, and cash flow forecasting reports. Customer payment history. A/R performance.

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Xero

JANUARY 23, 2023

If you’re a VAT-registered business , you may have received a letter or email from HMRC, informing you that the new penalty system for Making Tax Digital (MTD) for VAT is now in place. For monthly submissions, taxpayers who collect five points will face a penalty. This blog was first published in April 2022 and updated in January 2023.

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Xero

SEPTEMBER 8, 2022

In the future, accountants might be able to directly access transaction histories from the network itself, rather than having to request this information from the bank, or third-party entities. They get some new customers, and collect some bitcoin, and then think nothing further about it. This is not just the domain of tax advisers.

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Xero

JULY 21, 2022

You know all too well how vital it is to collect approval signatures from clients on financial statements, tax returns, and other key documents to keep work flowing and meet deadlines. If you currently have a client sync between XPM and Xero HQ, read this blog post for more information about the changes and how they might impact you.

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Gaviti

FEBRUARY 4, 2025

With increased interest rates and inflation, businesses are facing increasing pressure to collect cash faster. In 2025, successful businesses will: Analyze payment trends to refine credit terms and collection strategies. Many traditional KPIs, like DSO, are not always a good indicator of collection success.

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