Why You Need to Invest in Automated A/R Collections Now | Popular

Accounts receivable (A/R) collections optimization is an ongoing challenge. It’s impossible to free up cash, control invoice collection, and scale business when A/R logistics are unclear and inconsistent. Increased remote working and unexpected financial obstacles have exposed routine inefficiencies. Accounts receivable challenges have financial managers searching for accelerated receivables solutions to right the ship and…

Cashflow is vital to your business’s financial health. It’s the amount of money you have to pay bills, cover payroll, and purchase assets to grow your business. Without cash flow, your business won’t survive. That’s why companies need to manage cash flow by tracking key performance indicators (KPIs). One of the most important KPIs to…

For many people that are used to working in offices, the work-from-home model sounds like a dream. Until they try it, that is. As many of us have seen, working from home isn’t a vacation. It’s a different type of workflow that brings new challenges to the accounts receivable (A/R) collection game. And in our…

Your accounts receivable (A/R) collection process is a cornerstone of your organization. It all comes back to cash flow and getting paid: When clients pay on time, cash flow is predictable and consistent. But when clients are delinquent, this consistency goes out the window. Every missed payment is another task, another reminder and another workflow…

What is accounting? Is it simply number-crunching and data entry, or is it strategically thinking about your business’s finances and how to improve them? According to one survey, accounting teams spend 90% of their time on financial close and only 10% analyzing numbers. By letting technology handle the data input, accounting teams can spend less…

Those that are familiar with the workforce management space need no introduction to Monday.com and its powerful work OS tool. Monday.com recently moved to an automated accounts receivable (A/R) collection system, powered by Gaviti, to replace its outdated annual reporting methodology. From Monday.com’s accounts receivables department: With our business and sales growing exponentially, Gaviti has…

Any company can be great at making sales and providing services, but even the most successful operations can struggle with cash flow by using time-consuming and error-prone manual A/R practices.  In fact, 60% of businesses have faced cash flow issues at some point, which can hinder your ability to pay vendors, employees, or invest in…

When finance and accounting professionals talk about improving cash flow – one of the tools they have in their accounts receivable toolbox has been to offer early payment discounts. The purpose of this article is to take a closer look at what’s better for your company’s bottom line – getting paid early or getting paid…