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Payments Help Desk

The Elevation Blog

5 Challenges for Receiving Remittance Data through Electronic Payments, and the Fix Your Company Needs to Know About

Posted by Robert Unger on Oct 26, 2018 2:14:45 PM

Here at Elevation, we’re ready to help you navigate the challenges associated with receiving and applying remittance data from electronic payments. Our team can help you develop the strategies and processes you’ll need to fully capitalize on faster payments. That’s why when we read Ernie Martin at ReceivableSavvy’s list of five challenges companies face when dealing with remittance data from electronic payments, we knew we had to share!

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Topics: Accounts Receivable, Receivables, ACH Network, ACH

ReceivableSavvy’s Ernie Martin Helps you improve DSO ACH Payments

Posted by Robert Unger on Oct 5, 2018 2:05:12 PM

Speed and efficiency are important to any organization looking to grow and succeed. If you’re responsible for managing your company’s Days Sales Outstanding (DSO) and you want to better understand how to improve DSO management, you need to check out Ernie Martin’s recent post “Improving DSO Management with ACH” on RecievableSavy.com. 

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Topics: Accounts Receivable, Receivables, ACH Network, ACH

ISO 20022 Request for Payment Now Live in U.S. ACH: Simplifies B2B Remittance

Posted by Robert Unger on Apr 19, 2018 3:56:51 PM

By Rob Unger

The majority of U.S. corporations have an atrocious cash application hit rate for B2B payments, where less than 20 percent of payments are processed automatically, and applied to open invoices without manual intervention. 

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Topics: Accounts Receivable, Accounts Payable, ACH Payments, ACH Network

Seven Ways to Slay the Nightmare on Receivables Street and Rescue Cash Application

Posted by Robert Unger on Mar 30, 2018 9:56:00 AM

Authored by Robert Unger

Your sales are humming along, bills and invoices are being sent to customers and the payments are flowing back to your company, and there a lot of payments. 

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Topics: Accounts Receivable

Surcharging B2B Card Payments Makes Payment Choice Margin Neutral

Posted by Robert Unger on Mar 27, 2018 10:28:00 AM

By Robert Unger

Credit card payments are growing faster than any other payment type according to the latest Federal Reserve Payments Study, which tracks longitudinal trends in consumer and business payments. 

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Topics: Accounts Receivable

Customer Profitability: BrightStar on 5 Hidden A/R Costs That Eat Away Your Bottom-Line

Posted by Robert Unger on Mar 7, 2018 3:28:41 PM
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Topics: Accounts Receivable

Brightstar Links Accounts Receivable Automation to Customer Profitability

Posted by Robert Unger on Mar 7, 2018 3:26:03 PM

Authored By Robert Unger and Sahil Hakim

Companies large and small are clunking along with legacy receivables systems, and are challenged to improve operations and reduce costs in order-to-cash processes.  These inefficiencies increase the cost to serve customers, and erode margins on customer profitability. 

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Topics: Accounts Receivable

Good Robots and Artificial Intelligence Save Credit, Collections and Receivables Big Bucks

Posted by Robert Unger on Mar 1, 2018 9:01:21 AM

By Robert Unger

I love robot movies even though they often pit machines vs. humans. The first Terminator was not good for humans (especially if your name was Sarah Conner).  And I just recently saw the original Westworld for the first time, with Yul Brenner as the gun-slinging robot gone haywire in a western vacation village. That didn’t end well for the vacationers. No doubt, bad robots are compelling but scary.

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Topics: Accounts Receivable

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