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 »

Bad Results from arbitrary application of credits and debits

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Let’s say you have a large customer with a huge number of small-dollar unapplied credit memos, invoices, unapplied cash, debit memos, and deductions. For arguments sake, let’s suppose you can round up 1,200 credit memos totaling  $625,000, and 1,600 deductions totaling $615,000, all un-matched for one reason or another. So you have a great idea to get rid of 2,800… 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 »

Ship and Debit Programs

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Ship-and-debit promotional rebate programs are used by technology manufacturers to help support their distributors by protecting margins and lessening the distributor risks of carrying inventory in case inventory prices are reduced. A ship-and-debit is an off-invoice discount-rebate to reduce the cost to the distributor. Ship-and-debit rebates are often used in the technology hardware industry in… Read more »

Late Payments and Delinquencies

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Late Invoice Payments Are Often Built in Suppliers and their customers have conflicting cash flow pressures. While the customer is always alert to opportunities to extend payments, many late payments are embedded in business processes: For example: Orders are accepted and shipped even though they bear conflicting terms, conditions or wrong pricing. Most suppliers base… Read more »

Sales Tax Certificate Administration

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Our Carixa™ Credit-to-Cash platform includes a labor saving compliance solution that takes the burden of Reseller Sales Tax Certificate Management off the shoulders of financial and tax departments while reducing the possibility of non-compliance penalties. This is offered as a turnkey SaaS internet application supported by the our USA administrative staff. Because managing sales tax certificates… Read more »

Chargebacks

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Accounts receivable chargebacks are a frustrating reality in the world of retail sales. A chargeback is the deduction taken by a retailer when a supplier fails to comply with their guidelines. For example, if a label doesn’t scan properly, a label isn’t coordinated with the advance ship notice, the barcode on a price ticket isn’t… Read more »