Robotic Process Automation Speeds A/R Collection, Reconciliation and Eliminates Drudgery

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Big companies grind through thousands of repetitive, tedious, and error-prone manual transactions weekly. In today’s tight labor market, this is untenable from both expense and employee morale standpoints. The Carixa-RPA Engine solves this with error-free automation for repetitive activities, from simple to complex, conditional-statement, multi-step operations.  Carixa Robotic Process Automation automates repetitive routine activity for… Read more »

Understanding How To Reconcile Accounts Receivable

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Accounts Receivable (AR) often represents the largest current asset and money owed to a business for goods and services sold. The condition of the AR balance, such as DSO, delinquency, disputes, and bad debts, gives management and stakeholders an idea of the company’s financial health and performance. Therefore, understanding how to manage accounts receivable efficiently… Read more »

9 Key Accounts Receivable KPIs and Metrics For Managing A/R

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DSO, DDO, and Other KPIs For Managing Accounts Receivable A/R turnover – the credit-to-cash cycle – and working capital are critical to your business, so it is important to monitor the Key Performance Indicators (KPIs) and other metrics that track your company’s credit, collections, and deduction management health. As businesses have become more complex. standardized… Read more »

6 Steps to Control Unauthorized A/R Deductions

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Deductions Cause Revenue and Profit Leakage Surveys show customer deductions comprise 5% up to 20% of gross revenues, depending on the industry, with the highest incidence in consumer products (CPG), which relies on “billback” trade promotion deals. Even if only 10% of these accounts receivable deductions are unauthorized, a $500 million company will be losing… Read more »

Manage Order-To-Cash to Increase Shareholder Value

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OTC as an Untapped Opportunity The Order-To-Cash (O2C) cycle is an opportunity that remains largely untapped by many businesses, especially middle-tier companies. Strategically realigning OTC and including new technologies can improve business performance and the bottom line. Companies that recognize this are reviewing how to streamline OTC to assure future business success. Order-To-Cash is complex… Read more »

What Is The Order-To-Cash Cycle?

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Whether you’re a manufacturer or distributor, keeping your products moving is critical. One key to this is to streamline the order-to-cash cycle with advanced automation. Simply put, order-to-cash (or O2C) is the business process through which you convert your inventory into cash, ensuring you get paid for what you provide. It is the engine that… Read more »

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 »

“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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“Companies can add a few points to their profits with a laser focus on managing what is often their most significant asset – accounts receivable. “ Advanced “cloud” accounts receivable software will streamline and automate cash application, collections, and deduction management, and improve financial results. Continuing with legacy or static ERP accounts receivable software is… 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 »