EBizCharge

JUNE 20, 2024

This article will help set your business up for success by explaining AR, why it’s important, and best practices for optimizing your receivables. 13 accounts receivable best practices Adopting the best AR practices helps maintain consistent revenue, reducing the need for external financing and minimizing non-payment risk.

Best Practices 52

Best Practices Accounts Disputes Procedures 52

Stax

FEBRUARY 19, 2025

Request documentation on their security policies, fraud prevention measures, and incident response procedures to minimize risks. How to Transition Smoothly to Outsourced Support If you decide to outsource your payments support, consider these best practices for a seamless transition: 1.

Payments 88

Payments PCI DSS Compliance Risk 88

EBizCharge

APRIL 26, 2024

Accounting teams are tasked with identifying discrepancies, communicating with clients to rectify payment issues, and adjusting cash flow forecasts accordingly. In addition to knowing how to deal with these invoices, incorporating best practices to minimize short-paid invoices is invaluable for any AR team.

Disputes 52

Disputes Best Practices Procedures SWIFT 52

EBizCharge

JUNE 27, 2024

Now that you know how to calculate days sales outstanding and valuable tools to use, you can familiarize yourself with some best practices. Here are a few best practices to keep in mind when calculating DSO: Regularly monitoring: Calculate DSO regularly, such as monthly, to track trends and address issues promptly.

Best Practices 52

Best Practices Adjustments Assessments Automation 52

Nanonets

SEPTEMBER 21, 2023

Proactive vendor communication, prompt invoice capturing, and batch invoice  payment processing  are best practices for efficient accounts payable management. Regular audits should be conducted to detect and prevent any potential  accounts payable fraud , ensuring the integrity of payment processes.

Accounts 40

Accounts Best Practices Automation Reconciliation 40

Nanonets

SEPTEMBER 22, 2023

Offering multiple payment options, sending proactive payment reminders, and following up on overdue payments can help expedite the cash collection process. This involves conducting thorough credit checks, establishing credit limits, and continuously monitoring customer payment history.

Accounts 40

Accounts Disputes Automation Risk 40