Robotic Process Automation Speeds A/R Collection, Reconciliation

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Administrative staff grinds through thousands of costly, mind-numbing, backlogged, and error-prone manual transactions. If you could eliminate this repetitive work, your staff could be redeployed to more important jobs.   The solution is Carixa Robotic Process Automation (“RPA”), either standalone or integrated with the Carixa Cloud Suite, SAP, PeopleSoft, JD Edwards, Oracle, NetSuite, or your own legacy… Read more »

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

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

Curing Slow Pay Customers

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Training Chronic Slow Paying Customers  Debtor psychology is that if their debt is 180-360 days old, they figure they’ll never have to pay it, certainly not the full amount. Chronic slow-paying customers can be re-trained to be profitable, long-term relationships, but they require constant attention so that they do not age out to the point… 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 »

Statute of Limitations for Contract Debts

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The Statute of Limitations for lawsuits varies by state, and runs anywhere from 3 to 15 years, after which the debt is “time-barred,” and you will be unable to sue.  You should use every legal means at your disposal, of course,  but if you wait too long and rely on a last-minute lawsuit as a… 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 »

Smyyth Collection Unit Gets Top Ranking Again

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For the third year in a row, Smyyth Collections LLC was selected as the top independent commercial (B2B) agency in a published rating of Collection Agencies in North America based on credibility, reputation and other factors. Smyyth Collections is an affiliate of the Smyyth companies, which provides end-to-end credit and accounts receivable management services and SaaS “credit to… Read more »

Best Practices For Credit and Collections

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Best Practices to Include in our Credit and Collections processes include All employees need to understand the mission and objectives of the credit department, so they deliver a consistent message to the customers and properly represent the “culture” of your organization. Just as with customer service, the mission of the credit department has to be… Read more »