Improving Your Dunning Strategy and Recovery Rate | Popular

Finance teams and leaders are well-acquainted with the concept of automation and how it enables sweeping transformations across financial functions. Although the concept has been met with skepticism from some circles (largely related to the administrative red tape and regulations surrounding finance transformation,) pushing for digital innovation has become a top priority for CEOs. As…

The collection process significantly impacts cash flow at your business. Is it any wonder financial professionals spend so much of their time monitoring and controlling it? Over time, this has led to a set of accounting control best practices. These efforts at collection control have yielded the best results for organizations around the world. Before…

When run correctly, your dunning process will capture lost revenue and ensure clients pay on time. It’s a standard accounts receivable process that every company will need to contend with at some point. Unfortunately, this is one area where many companies struggle. Although simple on paper, a dunning process can be surprisingly complex, and it’s…

Financial professionals invest heavily in learning how to improve cash flow forecasting. Knowing what to expect in revenues and expenses can significantly improve business operations. Managers can use this information to make time-sensitive decisions that allow them to seize opportunities or avoid crises. How To Improve Cash Flow Forecasting Predicting expenses is the easier task…

Technology is a competitive industry that produces several options for even the most niche markets. AR automated solutions are no exception. Each A/R tool brings different strengths to the table that companies must review carefully. Doing so ensures that you choose the AR collections tool that best serves the needs of your business. Use these…

Cash flow management is arguably one of the most vital administrative functions of a business. The ability to generate income and meet financial obligations determine the viability of any organization. Automation often comes to mind when reviewing the accounts receivable effect on cash flow. So, how exactly does it affect the way your business generates…

Extending credit is a common practice for organizations operating in the B2B space. It allows businesses to make bulk purchases to meet customer demands. These businesses then need to generate sales to pay you back. How well they accomplish this depends on the strength of their sales and accounts receivable practices, which can create delays…

The transportation industry can take many forms. Examples range from transportation and logistics to customer-focused transportation. Consumer-based transit tends to be more cash-heavy and generally involves immediate payment. However, transportation and logistics have not fully capitalized on the ability to automate collections. 3 Ways That Automation Can Boost Your Business If you’re still using spreadsheets…