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5 Accounts Receivable Collection Mistakes You Should Avoid

Gaviti

This mindset often leads to underinvestment in collections efforts, and when budget cuts are necessary, accounting departments like collections are typically the first affected. However, maintaining a steady cash flow is essential for business survival, and efficient collections directly impact the bottom line.

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Ensure Your Credit & Collection Policy Aligns With Your Company’s Objectives

Trade Credit & Liquidity Management

The Credit and Collections function plays a major role in your company’s ability to generate the liquidity and working capital needed to meet its sales and financial objectives. This requires an efficient accounting or collection software platform. This requires an efficient accounting or collection software platform.

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How to Conduct an Effective AP Audit

oAppsNet

In this article, well guide you through the steps to conduct an effective AP audit, discuss best practices, and highlight key areas to focus on. Gather Relevant Documents Collect all the necessary documents required for the audit, including vendor invoices, purchase orders, payment records, contracts, and approval documents.

AP
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Accelerate Cash Flow: 6 Tactics to Improve AR Performance

Trade Credit & Liquidity Management

Yet in many organizations, AR collections remain reactive, fragmented, or overly dependent on customer goodwill. And although your sales team may be focused on revenue, it's your collections team that determines when, or if, that revenue turns into usable cash. 🔐 Tip: Use credit tools (e.g.,

AR
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Supplier order management: How a furniture retailer automated order confirmation processing

Nanonets

Why traditional order confirmation processing failed the retailer Let’s take a look at how this retailer’s order handling workflow looked like. This unusual approach was necessary because they collected website orders on specific days before sending them to suppliers.

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How to Tackle & Prevent Short Payments: Top Tips & Techniques

Gaviti

This article explores causes, solutions and short payments and how automation can help implement a consistent strategy and consistency. This article also offers a practical checklist that you can use to start tackling short payments immediately. What Are Short Payments and Why Do They Happen?

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The next frontier in accounting: Autonomous AI agents

Accounting Today

Consider invoice handling: While current systems match invoices to purchase orders and flag discrepancies, an autonomous AI agent can go further by proactively contacting vendors, requesting corrected invoices, canceling invalid ones and refining its own accuracy over time through continuous learning. Watch this space.