Collections Forecasting – Key Things to Watch | Popular

Wouldn’t it be nice to be able to accurately predict your future cash flow? You could better allocate funds and make more informed business decisions. Luckily, you can with accounts receivable forecasting. Accounts receivable forecasting is like having a financial crystal ball. While it might be a challenge, depending on how you manage your accounts…

Although B2B customer payment portals are often confused with customer payment portal software, they target different audiences and offer different functionalities and integrations. What is a B2B Customer Payment Portal? A B2B customer payment portal facilitates customer payment collection by customers of B2B businesses the ability to pay their receivables, which are often high-volume and…

Optimizing your accounts receivable collections process is critical for ensuring a steady cash flow in today’s fast-paced business world. Accounts receivable teams can leverage AI-powered tools, like Chat GPT, to revolutionize how they handle collections. At first glance, a chatbot might not seem valuable for finance teams, but good communication is the foundation of an…

Many businesses rely on manual spreadsheets to manage their accounts receivables process, often with each individual collector only having information about his or her own accounts. This makes the process cumbersome, prone to human errors and challenging when collaboration is necessary between different collections agents, A/R roles or departments within your business.  The hard truth…

If your business is scaling and expanding into new geographic regions, it may present challenges in collecting receivables. You’ll want to offer the right technology to ensure your customer payment data and information is secure, yet also provide a wide range of payment methods at the same rates your customers are used to. One solution…

As the global economic situation fuels business uncertainty, many companies are experiencing a much slower cash flow than they would prefer, a result of late payments from customers. From cash flow issues to inefficient payment processes and the inability to choose from a variety of payment methods, B2B companies face a number of challenges with…

Lifelong learning and continual self-improvement are crucial to your professional development as a chief financial officer. With rapid technological changes such as automation, cloud-based platforms, data analysis and artificial intelligence, financial and accounts receivables teams have started to have more options of employment. The need for financial leaders has never been greater, but CFOs don’t…

Dunning workflows are a series of automated emails and actions that A/R teams use to collect invoices from customers. Having the best dunning workflow for each customer is the key to increasing your cash flow. In some companies, the implementation of dunning workflows increases cash flow by a significant percentage almost instantly. With automated dunning…