Looking to learn more cash management lingo? You've come to the right place.
Cash application matches incoming customer payments to the open invoices they settle. Learn the five steps of the process, how to automate each one, and what to look for in cash application software.
Read more
Dunning letters are an effective and widely used tool to reduce overdue payments. Learn what a dunning letter is and look into the traditional dunning process.
Payment reminders encourage customers to pay on time for goods delivered and services rendered. In this article, we delve into payment reminders, their benefits, and how to set them up effectively.
Payment terms refer to the mutually agreed-upon conditions that govern the payment process between two parties. These terms serve as a contractual agreement and play a vital role in establishing the expectations for timely payment.
A well-designed collection strategy reduces overdue accounts, optimizes cash flow, and improves decision-making with data-driven insights. Learn more.
Learn the importance of accounts receivable aging and see how creating a detailed aging report can help your company gain valuable insights into cash flow.
Learn the importance of cash reconciliation for accounts receivable teams, the steps involved, and how automation can enhance the process for finance leaders.
Discover how remittances enhance financial clarity and bookkeeping by attaching detailed notes to payments for efficient reconciliation.
Explore effective B2B billing strategies to ensure smooth operations, maintain cash flow, and strengthen business relationships.
Explore what cash flow impact is, why teams track it, and how measuring cash flow impact can offer valuable insights and benefits for your organization.
Explore how expected cash collections forecast business revenue from credit sales and invoices, aiding financial planning and stability.
Three-way matching compares a supplier invoice against the purchase order and the goods receipt before payment. Learn how two-way and three-way matching work, where they break down, and how to automate them.
DSO, or days sales outstanding, is a metric that measures the average amount of time it takes for a company to collect payments from customers after a sale has been made.
Learn about the Collection Effectiveness Index, including why it's important, how to calculate it, and how to improve the metric.
Explore the benefits of tracking Collection Performance Metrics and learn which ones you should monitor to ensure optimal results.
Discover how the AR Turnover Ratio measures your company's efficiency in turning credit sales into cash, fostering growth and stability.
Learn how to calculate the Average Collections Period to gauge your company's credit efficiency and manage cash flow effectively.
