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!
Topics: ACH, Receivables, ACH Network, Accounts Receivable
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.
Topics: ACH, Receivables, ACH Network, Accounts Receivable
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.
Topics: ACH Network, ACH Payments, Accounts Payable, Accounts Receivable
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.
Topics: Accounts Receivable
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.
Topics: Accounts Receivable
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.
Topics: Accounts Receivable
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.
Topics: Accounts Receivable
Authored by Robert Unger
Do you hear that low hissing sound? Profits are slowly leaking from companies that overlook how profitability is impacted by the way a customer pays, what information they provide, in addition to when they pay.
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