Much has changed since the 1980’s thanks to rapid advancement in technology. So why haven’t most accounts receivable departments caught up? Learn how outdated AR processes could be hurting your cash flow.
If you’re still sending out paper invoices, it’s well past time to update your processes. In this blog, we delve into what Electronic Invoice Presentment and Payment (EIPP) is and whether it’s the right move for you.
Sales discounts is a great way to incentivize early payments. But, managing and accounting for them can mean added work for your finance team. Here are 4 ways you can better enable your team to manages sales discounts and drive efficiencies.
It’s no secret that your collections process can be incredibly mundane, leaving your finance team unmotivated to complete their work each day. We’ve assembled eight strategies we recommend when looking towards collections automation.
What options are there for suppliers who wish to maximize the benefits of traditional COD, without sacrificing anything from their current collections process? Enter ‘Electronic Cash on Delivery’, or eCOD.
COD is a valuable payment acceptance method for some suppliers but as this year’s call to work remotely, or to be socially distant if you do have to work on premises has taught us, providing payment at time of delivery isn’t always safe and it isn’t always possible.
Understanding internal systems processes is not easy. Most organizations today have complex structures in place, each with several processes for their varying business units which makes managing and tracking movement within a company incredibly demanding.
Buyers’ expectations around what makes a good customer experience has undergone significant transformation in recent years. In today’s world, we expect things to be easy to use, and to receive things how and when we want them.
PREIT implemented Versapay ARC®, a cloud-based solution that automates the entire invoice-to-cash process: presentment, collaboration, collections, payments and cash application. With the ARC platform, PREIT was able to replace its own payment system, improved tenant relations and ensure PCI compliance.
In this short video, we interview Cheryl VanPatten, SVP and Chief Information Officer for Washington Prime Group. Learn what drove Cheryl and her team to adopt Versapay’s AR Automation solution – Versapay ARC®.