Digital Signatures for Credit Applications – A Best Practice

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Electronic Signatures, Digital Signatures, E-Sign Apps The Electronic Signatures in Global and National Commerce Act and The Electronic Signatures in Global and National Commerce Act (E-Sign Act)  signed into law on June 30, 2000, provide general rules of validity for electronic records and signatures for transactions in or affecting interstate or foreign commerce. In addition,… Read more »

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 »

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 »

Service Organization Control (SOC) 2 Type 1 certification

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NEW YORK, NY – December 31, 2021 The Smyyth companies, developers of Carixa, the powerful automated platform for managing the order to cash cycle, announced that it has achieved the Service Organization Control (SOC) 2 Type 1 certification.   The SOC2 review is a technical audit conducted by independent auditors to measure the availability, security, and… Read more »

SMYYTH Achieves HIPAA Compliance

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NEWS RELEASE February 5, 2021 SUMMARY: Smyyth LLC and Smyyth Technology LLC (“SMYYTH”) are pleased to announce that it has taken all necessary steps to achieve compliance with the Health Insurance Portability and Accountability Act (HIPAA). Through the use of Compliancy Group’s proprietary HIPAA solution, The Guard™, SMYYTH can track its compliance program and has… 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 »

Credit Applications End-to-End Automation

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Best Practices – Online Credit Applications Credit Application Software Credit Application Systems 80% faster credit approvals 90% less manual work 5% more sales from new accounts Online credit applications are relatively new and even the simplest offer a browser-based application filled out by the customer and then processed by the creditor (but usually completed off-line,… 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 »

Automated Credit Applications

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Back to the Future in Credit Management Marty McFly would recognize today’s business credit applications as going back to his grandfather’s generation. Little has changed – until now, that is. Automated Credit Application Systems  (ACAS) change all this, as they automate and accelerate the onboarding of new customers, some even integrating industry trade and credit bureau… Read more »