Embracing RPA in Accounts Receivable: A Strategic Approach | Popular

A recent survey from Intelligent Automation reports that while 42% of organizations have embraced robotic process automation (RPA), the remaining 58% plan to implement it in the upcoming year. Many of these organizations focus on implementing RPA in the financial and accounts receivable department, where employees are burdened with repetitive manual tasks. Focusing on automating…

Late invoice payments have the potential to create a snowball effect for your business that you want to avoid at all costs. Not receiving timely payments at regular periods makes it difficult for you to pay your vendors and suppliers on time as well as make payroll. If late invoice payments cause you to miss…

Even with the most streamlined and automated A/R management process and B2B collections best practices, customers don’t always pay on time. This could be due to many factors, including financial issues, unclear and inflexible payment terms, unresolved disputes, or simply being distracted by many other invoices being processed simultaneously. Regardless of the reason, typically once…

Since your company’s ability to get paid quickly directly impacts your cash flow, it’s important that you have a strategy for both your accounts receivable management to encourage the timely payment of invoices. For some customers, however, you’ll need another strategy altogether for collecting unpaid and overdue invoices: debt collection. These two strategies have different…

In this product release, Gaviti proudly introduces a suite of new features and enhancements, all aimed at transforming how businesses manage their accounts receivable. This release features the innovative Cash Application module, Credit Management enhancements, and the introduction of Gaviti Pay – a versatile payment gateway for streamlined, secure transactions. Additionally, new features and capabilities…

As your business and finance team expands, your business may have a need to connect data from different departments and sources within your company. You may have already started to enjoy the benefits of using an ERP for its ability to facilitate processes related to your supply chain, inventory management and shipping and distribution. Your…

As a CFO,  you have a tremendous responsibility for the financial health of your organization, so it’s essential that you have the tools to continually measure and evaluate your company’s profit, revenue and make critical decisions related to the company’s growth.  What is a Cash Flow Metric?  Cash flow metrics are the standards by which…

Collections calls typically rely on a team of individuals, each responsible for his or her own accounts. Although the idea is for the collections teams to build a rapport with their customers, the approach is flawed. It seems counterintuitive, but automating the collection process to communicate as much information as possible regarding customer invoices ahead…