Gaviti

APRIL 22, 2025

Reduce Days Sales Outstanding (DSO): Objective: Decrease the average number of days it takes to collect payments, thereby improving cash flow. Efficient Collection Processes: Streamlined invoicing and follow-up procedures leading to quicker payments. A lower DSO indicates prompt collections, enhancing cash flow.

Accounts Receivable

oAppsNet

FEBRUARY 20, 2025

This growth underscores the increasing demand for intelligent automation solutions that eliminate human error and streamline collections. Key automation strategies include: AI-Powered Invoice Processing Automating invoice generation, delivery, and tracking to reduce delays and human oversight. over the next five years.

Financial Operations

Invoicera

NOVEMBER 12, 2024

Reduce stress with automated travel invoice processing. Get A Free Trial Top 10 Invoicing Software for Travel Businesses 1. InvoiceBerry InvoiceBerry makes invoicing a breeze for small businesses and freelancers , focusing on simplicity and speed. Gain valuable insights into your travel business finances. Try Invoicera.

Invoicing

Invoicera

NOVEMBER 21, 2024

There are a number of invoicing software that could help you to save time and make the invoicing job easy. The right invoicing tool can help you manage invoicing, payment tracking, and payment collection easily. Key Features It automates invoicing and payment collections so you get paid on time , every time.

Invoicing

Nanonets

DECEMBER 26, 2024

Instead of grappling with manual invoice processing, businesses can rely on solutions like Nanonets to automate tasks like: Optical Character Recognition (OCR) to extract data from invoices. Automating invoice approvals to streamline workflows. This makes it harder to plan for working capital needs.

AP

Nanonets

NOVEMBER 5, 2024

Nanonets Automating complex document workflows Yes Yes Automation, versatility, multi-language Enterprises, high-volume processing 4.8 Dext Prepare Receipt & invoice processing No Yes Multiple capture methods, expense management Businesses, accountants 4.5 Key features: 1.

Data Entry

oAppsNet

JANUARY 7, 2025

A Closer Look at DSO Days Sales Outstanding is a number that shows the average time it takes to collect payment on invoices. Still, the core idea remains the same: you want to collect money as soon as possible so your business can function without worry. It is not the same for every industry or every type of business.

Invoicing

Gaviti

MAY 15, 2025

Average collection period refers to the amount of time it takes your business to receive payments from clients. Its a metric commonly used to get a snapshot of cash flow on hand and how effective the companys collection process is overall. It comes down to leveraging tools that streamline collections from planning to execution.

Collections

oAppsNet

JANUARY 2, 2025

Payment Processing : Receiving customer payments via checks, bank transfers, credit cards, or digital wallets. Cash Application : Matching received payments with corresponding invoices in the accounting system. Collections Management : Following up on overdue invoices and resolving disputes to ensure timely payments.

Invoicing

Invoicera

DECEMBER 11, 2024

Key Features Recurring Billing Create recurring invoices for subscriptions and contracts to avoid manual invoicing and ensure timely payment. Automated Payment Reminders Free yourself from the constant pressure of collecting overdue debts. With automated reminders , it becomes easy to have clients pay at the right time.

Invoicing

Invoicera

NOVEMBER 8, 2024

Using the specialized accounts receivable and accounts payable software can help to make these processes faster and more accurate. Data collected from PYMNTS shows that 90% of companies that have adopted AP automation claim to have saved up to five days in invoice processing. 13 top AR and AP software solutions.

Accounts Payable

Gaviti

MARCH 5, 2025

Fraudsters are no longer relying on rudimentary methods; instead, they use advanced techniques such as social engineering, phishing, and malware attacks to manipulate invoice processes and divert payments. Plus, it allows you to collect receivables without identifying your bank account information to your customers.

Accounts Receivable

Trade Credit & Liquidity Management

MAY 29, 2025

Data Quality: Efficient e-invoicing depends on accurate, structured data, which improves not only invoicing but also payments and cash application. Government Mandates: Clearance models help governments ensure compliance and improve tax collection through real-time transaction monitoring.

Invoicing

Trade Credit & Liquidity Management

MAY 29, 2025

Benefits: The integration helps prevent bad debt, reduces manual chasing of invoices, and allows businesses to focus on growth rather than debt collection. Availability: The integration is now live and available for businesses seeking to streamline their accounts receivable processes.

Accounts Receivable

Accounting Today

JULY 25, 2025

SmartVault plans release of AI document management solution Document management Sutthiphong - stock.adobe.com Document management solutions provider SmartVault announced the upcoming release of SmartRequestAI, a new tool designed to transform the way firms collect client information and documents during tax season.

Corporation Tax

Invoicera

JANUARY 19, 2025

Companies in this region have already begun to reap benefits with timely invoice processing, enhanced cash flow and reduced errors. In this blog, we will discuss the top 7 benefits of automating AR and AP processes to help you become competitive. Automation accelerates all these processes.

Accounts Receivable

Gaviti

JUNE 15, 2025

Automation platforms like Gaviti help you visualize receivable risks in real time and maintain better control over collections. Integrate With AR Processes After securing coverage, train your AR and finance teams to work in sync with the insurer’s requirements. Be sure to revisit your AR workflows.

AR

Outsourced Bookeeping

JULY 8, 2025

With invoice processing and timely payments, businesses can take advantage from improved cash flow, reduced fraud risk, and strengthened supplier trust. Professionals establish a clear invoice processing system by using cloud-based platforms for real-time access.

Bookkeeping Services

Nanonets

MAY 23, 2025

It recommends payment methods likely to result in faster collection and can connect you with lending options when it identifies potential shortfalls. Automated QuickBooks export After invoice processing and validation, finance teams often face another time-consuming task: manually creating bills in QuickBooks.

QuickBooks

Accounting Today

JULY 7, 2025

However, this powerful technology, capable of autonomously managing tasks such as account reconciliation, invoice processing and much more, demands careful and responsible implementation. Its often said time speeds up as we age. In the technology world, and especially in AI, its practically sprinting.

Accounting

Nanonets

NOVEMBER 25, 2024

For real-time or high-volume applications, such as invoice processing or automated document analysis, custom OCR solutions can be tailored for speed and accuracy. Wingdings  is a symbolic font developed by Microsoft that consists of a collection of icons, shapes, and pictograms instead of traditional alphanumeric characters.

Computation

Invoicera

DECEMBER 5, 2024

Below are the features of Invoicera that can streamline your invoicing process. Invoice creation, editing, and distribution Automatic bank data integration Multi-currency support Inventory management Financial reporting Pricing Pricing is available on request 4.

Invoicing

Nanonets

JULY 22, 2025

These examples illustrate that with the right tools (and data mindset), even legacy, paper-heavy processes can become streamlined and autonomous: Asian Paints (Manufacturing): One of the largest paint companies in the world, Asian Paints dealt with thousands of vendor invoices and purchase orders.

Purchase Order

Gaviti

JULY 24, 2024

Don’t let invoicing and processing slow you down. Creating efficient invoice processing procedures ensures you make the most of your time and money. Understanding the top invoice processing best practices and the importance of automation will create a solid foundation for your business.

Invoice Processing

Nanonets

JULY 14, 2023

This post is mostly going to focus on invoice OCR and invoice information extraction using OCR and deep learning. We will also touch upon what is wrong with the current state of invoice recognition OCR and information extraction in invoice processing. Want to automate invoice processing ?

Invoice Processing

Xero

NOVEMBER 15, 2022

Having long payment collection periods increases bad debts and can lead to cash flow challenges. That’s why tools for following up on invoices or having different ways to take payments are so important. With a mobile app for scanning receipts, it’s suitable for businesses with lots of bills or sales invoices.

XERO

Gaviti

MAY 30, 2023

How well your team handles collections determines whether you have the cash to make payroll, pay taxes, and cover other financial obligations. What Is Accounts Receivable Collections Outsourcing? A/R collections outsourcing refers to the practice of hiring another entity to manage your collections activities.

Accounts Receivable

Gaviti

NOVEMBER 14, 2022

Receivables collection is one of the most critical functions of any business, but it can also become one of the most stressful. Companies can reduce many overwhelming and monotonous aspects of collections via automation. Sage Intacct streamlines collections tasks but automation alone is not enough. Processing payments.

Collections

Invoicera

OCTOBER 15, 2024

The manual invoicing process can take an average of 14.6 days, while automation does this in just a few hours – Aberdeen Group As your business scales, handling the invoicing manually becomes extended and demands additional effort and resources. Review metrics such as payment speed, invoice accuracy, and client feedback.

Invoice Processing

Nanonets

MAY 31, 2023

Automated invoice processing is the process of seamlessly extracting data from invoices entering your system and pushing it into your ERP so that processing a payment can be done in just a few clicks. Also Check out Nanonets' pre-trained Invoice OCR or build your own custom Invoice management workflow.

Invoice Processing

Nanonets

JUNE 14, 2023

With the growing digitalization, businesses are dealing with massive volumes of invoices every day. Traditionally, invoice processing has been a manual and time-consuming process, that needs significant resources and is prone to errors. This invoice has the information on the Shipping, Billing, items, and prices.

Invoice Processing

Nanonets

FEBRUARY 21, 2024

The Evolution of Invoice Processing The journey of invoice processing from its traditional, manual roots to the digital frontier is a tale of technological evolution. Pre 1980s - Manual Accounts Payable: Accounts payable processes were entirely manual, involving physical invoices, paper checks, and ledger books.

Invoice Processing

Gaviti

OCTOBER 30, 2022

In the spectrum of accounts receivable (A/R) collection techniques, there’s a recurring theme you’ll find: The majority of A/R optimization strategies teach companies how to collect receivables faster. Accelerating collection of receivables is often a first line solution for ensuring a healthy balance sheet. Direct deposits.

Collections

Gaviti

SEPTEMBER 2, 2024

This is especially true when it comes to scaling collections. In the past, this was done by hiring more team members to manage ERP dunning emails or collections calls. But now, there is more data available that can be used to streamline and improve A/R collections management. Instead, clients are invoiced manually.

Collections

Gaviti

SEPTEMBER 2, 2024

This is especially true when it comes to scaling collections. In the past, this was done by hiring more team members to manage ERP dunning emails or collections calls. But now, there is more data available that can be used to streamline and improve A/R collections management. Instead, clients are invoiced manually.

Collections

Gaviti

APRIL 11, 2024

Review your invoicing process: Are you invoicing correctly? Are you able to collect invoices on all of the revenue your business generates? How quickly are customers paying their invoices? Are there invoice processing delays? Which ones take the longest to pay?

Accounts Receivable

Gaviti

DECEMBER 20, 2022

You can quickly identify and address invoicing discrepancies by integrating your ERP and accounts receivable automation systems. Faster Invoice Processing. Automation can help speed up the accounts receivable process, from invoice creation and approval to payment collection. Improved Accuracy.

Accounts Receivable