article thumbnail

10 Types of Accounts Receivable Reports CFOs Need

Gaviti

These proactive measures enable early intervention and prevent minor issues from becoming major problems that impact cash flow and customer relationships. Cross-functional collaboration enhances AR monitoring effectiveness by incorporating insights from sales, customer service, and operations teams.

article thumbnail

Back office automation for insurance companies: A success story

Nanonets

Here’s what it looked like: Claim initiation and document collection: When a claim event occurs, policyholders initiate the claim form through the insurer's user interface or customer service. Schedule a demo today. Ready to see it in action?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Optimizing Your Operating Cycle: Strategies to Enhance Accounts Receivable Management

Gaviti

Schedule a demo to learn more. Schedule a Product Demo 5. Foster Strong Customer Relationships Maintaining good relationships with customers can encourage timely payments. Schedule a demo today to see if Gaviti is right for you. Make better credit decisions, lower DSO, and reconcile payments with near perfection.

article thumbnail

B2B Customer Retention: Proven Strategies for Finance Teams to Reduce Churn and Drive Loyalty

Gaviti

Digital tools and A/R automation further improve accuracy, efficiency, and convenience, leading to reduced churn and higher customer retention rates. Proactive problem resolution: Swiftly addressing invoicing disputes and payment issues demonstrates a strong commitment to customer service.

article thumbnail

Automating with BPA Software to Boost Employee Satisfaction

NextProcess

We work with your company through every step of the implementation process to make sure your employees are comfortable with the software, that it’s customized to your company, and everything is working as it should. After implementation, we provide ongoing customer service support to help with any challenges that may come up.

article thumbnail

How GenAI will shape the future for our customers

Xero

It will also provide rapid, personalised insights on demand, such as cash flow projections, to give customers the confidence they need to make business decisions. Check out our JAX demo video to see how it will work. Xero has also embedded a GenAI tool into Xero Central to provide answers customers need in conversational language.

article thumbnail

Using BPA Software to Improve Customer Service in Accounts Payable

NextProcess

Let’s think about the types of customer service you need to do in an accounts payable department. Usually if you’re answering customer service calls and emails, it’s because your vendors and suppliers want to check on the status of a payment or update their information. What if you could automate that?