14 Ways To Reduce “On-time, In-full” Chargebacks and Deductions

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What is “On-time, In-full” (OTIF) It’s the mechanism, the exacting metric, and penalty scheme that large retailers are using to rate and penalize their suppliers for non-compliance with purchase order quantity and delivery requirements. Accounts receivable deduction management software and compliance systems are more important than ever to counter the profit leakage due to OTIF… Read more »

8 Key Accounts Receivable KPIs and Metrics

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Since accounts receivable management and working capital are critical to your business, it is important to monitor the KPIs and other metrics that tell you how you perform. As business operations have become more complex and even often performed globally, metrics and analytics become increasingly important. There are dozens of possible KPIs but a few… Read more »

“Wash” Credits and Debits ?

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What is a “Wash” of accounts receivable credits and debits? An accounting “Wash” is a process of taking a series of credit and debit transactions of roughly equal dollars and mass-matching them (the “wash”) to clear the books, resulting in a zero balance. In accounts receivable, this refers to unapplied cash and credit memos vs…. Read more »

Improving your bottom-line with AR automation

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Advanced technologies, including robotic process automation (RPA), will forever change accounts receivable, collections, and deduction management. For many companies, partly manual accounts receivable operations represent “low hanging fruit.” Like most other back-office functions, receivables management was a manual affair as recently as twenty or thirty years ago, working off printed agings, typing reconciliations and letters,… Read more »

Leveraging Order-to-Cash For Shareholder Value

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Improve the Order-To-Cash Process to Increase Shareholder Value   The Order-To-Cash (O2C) process is an area that that remains largely untapped by many businesses. However, smart and effective management of the O2C process could help to improve business performance and the bottom line. It is no surprise that more and more corporations are beginning to… Read more »

Collection Practices That Reduce DSO and Increase Cash Flow

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Accounts receivable collection at many companies is still done the way it was in the green eyeshade era, leaving a great deal that can be done to improve results. Like many repetitive processes, collections is a “production” operation, and can be “re-engineered” to improve cash flow, reduce DSO and slash the disputes that result from letting unpaid accounts go stale…. Read more »

Robotic Process Automation (RPA)

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Robotic Process Automation (RPA) refers to the use of computer software that controls and automates rule-based processes without the need for human supervision or labor. RPA enables the automatic access, capture, manipulation, interpretation and action on data and documents from other internal and external systems, and then process a transaction, trigger responses and actions, and… Read more »

Supplier Portals Impact the Invoicing and Payment Lifecycle

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“Collaboration Portals” or “Supplier Portals” are being implemented by many companies to facilitate billing, payments and problem solving between companies, their employees, and their external partners, especially customers. This has important benefits for streamlined customer service, efficiency, and improving cash flow. Having the seller and the buyer on the same platform removes much of the… Read more »

Workflow & Collaboration Tools Deliver Superior Results

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Workflow Automation is the single most impactful type of technology you can introduce to accomplish more with less. Adding staff is often not an option nor is it a real solution to your challenges related to transaction volumes. We all know how workflows are helpful in our personal or business lives. Wake up, walk the… Read more »

Beta Program for New EIPP Solution

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New for 2017, Smyyth is expanding it’s best-in-class Carixa Credit-to-Cash Software Suite to include an Electronic Invoice Presentment & Payment (EIPP). Carixa’s EIPP module will streamline your operations, speed customer service, reduce transaction costs, and get paid faster. With Carixa’s flexible architecture, you can offer the EIPP solution to selected business segments, usually smaller  B2B customers who would benefit the most. The benefits of… Read more »