Understanding How To Reconcile Accounts Receivable

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Accounts receivable (AR) is a critical part of the accounting cycle. It 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 investors and stakeholders an idea of the company’s financial health and… Read more »

Post-Audit Claims Policy Example

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Post-Audit Policy Example   It is essential that you have a written policy, communicated to customers (and post auditors), which serves as your notice to them as to what is required for consideration of post-audit claims. Without a basic policy, your position is weaker than it needs to be. The document needs to be signed… Read more »

Understanding The Deduction Process In The Order-To-Cash Cycle

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In an ideal world, all B2B accounts receivable would be straightforward. Your customer asks you to provide something, you do it, and the customer pays you. However, it ends up a lot more complicated, especially when your customers are big-box retailers. Deductions processing in the order-to-cash cycle can result in a significant loss of profits,… 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 »

What is Trade Promotion Management?

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Trade Promotions Are the Biggest Expense after Product Cost Trade promotion allowances are how manufacturers directly influence product performance at retail or through distributors. These trade promotion campaigns include in-store promotions and advertising and help boost sales in specific locations or periods, raise brand awareness,  or bring a new product to market. In return for… Read more »

Accounts Payable Overpayments Auditing

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Recapturing Accounts Payable Payment Errors Accounts payable overpayments cost billions every year, and most are due to routine manual, computer, or other processing mistakes. Some are systemic; for example, vendor master errors go on forever. After all, who is going to advise you that you are not taking your cash discount? Smyyth’s Carixa AP Match… Read more »

Vendor Compliance Management

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Vendor Compliance Management chargebacks often total more than 1% of supplier revenue because of failure to comply with customer order, billing, and shipping requirements. “Vendor optimization” software has made generating deductions an automated process based on pre-set order guidelines and procedures, making it more critical than ever to ensure that your shipment accuracy is on-point… Read more »

Selecting a Deduction Management System

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Selecting cloud deduction management software starts with auto cash application software and extends to the deduction resolution and reconciliation process. Start with a set of basic specifications based on your own operational needs. As you review various systems, you will develop a list of must-haves, nice-to-haves, and not-that-important features. Implementing a cloud SaaS system can be easy if you… Read more »

Accounts Receivable Deduction Management Features

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Accounts receivable management is rife with functions that are only partially automated, still manual, or which need to be done offline, for example, by using Excel. The right system will encompass all of these and will automate, at a minimum, these features and eliminate offline processes: EDI capabilities from 810 invoice processing to 820 cash… Read more »

Why SaaS is Such a Powerful Solution

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In the past, companies bought, built, and maintained their IT infrastructures despite the huge costs because there was no choice. The Internet’s exploding bandwidth changed this, and Software as a Service (SaaS) is now a better alternative without the large investment. The SaaS model is growing exponentially because it offers serious business benefits. SaaS applications… Read more »