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How to Automate the Collection Process to Eliminate Manual Tasks

Gaviti

The sooner your business collects on its invoices, the lower your financial risks and the better your financial position. One of the fastest ways to do this is via collections process automation to streamline the A/R process, eliminate manual tasks, and ensure timely follow-up with customers.

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We made the 2022 Most Innovative Companies list

Xero

Xero placed #7 on the technology industry list out of 700+ nominations, and is a direct result of our teams’ labour of love on helping reconciling transactions to become a more beautiful experience. That is, by using the learnings of millions of past reconciled transactions. . Our ongoing commitment to reducing toil.

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Three payment trends accountants need to know

Xero

Manually setting up direct debits, chasing payers and reconciling payments across multiple systems is time-consuming. The two work easily together: once a payment is made, it is reconciled within their accounting system by simply clicking one button. They integrated GoCardless through their Xero account.

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How to Reduce Friction in Collections

Reconciled Solutions

Let's take a deep dive into how you can reduce friction in collections. The post How to Reduce Friction in Collections appeared first on Reconciled Solutions. We're expanding on the art of getting paid this month.

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How to scale your business globally with Xero and Airwallex

Xero

Collect, hold and send funds from your account while avoiding FX fees. . It syncs hourly, and if your Xero subscription is an Ultimate or Premium plan, you can create bank feeds for each currency you operate in, so multi-currency transactions are automatically reconciled in your chart of accounts. . Payment acceptance.

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5 Common Challenges Faced by A/R Teams That Can Be Overcome Through Automation

Gaviti

Too Much Time Spent on Manual Repetitive Collection Tasks Many businesses still rely on manual processes to manage their accounts receivable and get things done, even though these tasks can be automated. Invoices can be paid 24/7 through a self-service payment portal. Customers can keep a credit card on file or choose another method.

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Introducing our 2024 Xerocon Nashville event partners

Xero

Dext Dext provides bookkeeping automation tools that help small businesses and their advisors collect, organize and record financial transactions. GoCardless GoCardless puts you in control of collecting payments directly from your customers.

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