EBizCharge

JUNE 20, 2024

Regularly review past-due accounts Identifying overdue accounts involves regularly reviewing payment records to pinpoint accounts that have missed their due dates, allowing for early detection of potential payment issues and enabling proactive measures to manage them effectively.

Best Practices 52

Best Practices Accounts Disputes Procedures 52

PYMNTS

AUGUST 12, 2019

The latest Subscription Commerce Tracker explores how subscription-based businesses are adapting to an ever-changing market, and how they keep their payments experience secure and how new models are emerging to stay competitive. With subscriptions, credit card data is often stored for convenience and ease of payment.

Credit Cards 47

Credit Cards Risk Assessment Data Breach Payment Issues 47

Stax

MARCH 12, 2024

DSO, or Days Sales Outstanding, is a formula and KPI for small and medium-sized businesses to measure the average number of days it takes to collect payments from customers. It’s important to address payment and credit terms ahead of time and give your customer a chance to raise any concerns or questions before invoices are due.

Automation 88

Automation Accounts Process Alternative Payment Methods 88

EBizCharge

JUNE 27, 2024

Best practices for calculating DSO Following best practices for DSO calculation ensures the accuracy and consistency of financial metrics, which are critical for assessing a company’s liquidity and cash flow efficiency. What is good DSO?

Best Practices 52

Best Practices Adjustments Assessments Automation 52

Nanonets

SEPTEMBER 22, 2023

It is crucial to collect these outstanding payments as soon as possible to avoid tying up working capital and facing longer business cycles. This involves setting up credit policies that assess the creditworthiness of customers and establish clear payment terms.

Accounts 40

Accounts Disputes Automation Risk 40

FICO

OCTOBER 20, 2020

With the FCA’s focus on lenders treating the most vulnerable as fairly as possible, issuers could consider expanding their affordability assessments to include existing as well as new credit to proactively identify in advance those who may have payment issues and offer the most suitable treatment before payments start to be missed.

Issuers 52

Issuers Push-to-Card Credit Cards Card Issuer 52

FICO

OCTOBER 20, 2020

With the FCA’s focus on lenders treating the most vulnerable as fairly as possible, issuers could consider expanding their affordability assessments to include existing as well as new credit to proactively identify in advance those who may have payment issues and offer the most suitable treatment before payments start to be missed.

Issuers 40

Issuers Push-to-Card Credit Cards Card Issuer 40

EBizCharge

MAY 13, 2024

Improving the customer experience: Automated payment systems can enhance customer satisfaction by providing customers with more convenient payment methods through online payment portals, easy access to their account information, and swift resolution of payment issues.

Automation 52

Automation Disputes Payments Process 52

PYMNTS

JULY 10, 2017

To protect such vast sums of money, the Faster Payments Task Force report indicated it had reviewed 22 faster payment solution proposals so far, and had analyzed some of the potential hurdles that could impede successful faster payment solutions. A Market-Driven Faster Payments Mandate.

Faster Payments 40

Faster Payments Federal Reserve Payments NACHA 40

Nanonets

SEPTEMBER 22, 2023

Effective accounts receivable management involves regular communication with customers, sending timely reminders for payment, and resolving any billing or payment issues promptly. Lenders and potential investors assess these accounts to evaluate the company's financial stability.

Accounts 52

Accounts Fraud Prevention Process Financial Literacy 52

Nanonets

DECEMBER 4, 2023

The system efficiently closes the order cycle by processing payments, issuing invoices, and reconciling transactions. Conduct periodic audits and risk assessments of automated order processing systems. It also handles returns and exchanges according to the company's policies.

Automation 52

Automation Process Payment APIs and Integration Returns 52

EBizCharge

FEBRUARY 17, 2025

Use real-time AR dashboards and reporting With real-time data, finance teams can quickly identify overdue accounts, track payment performance, and make informed decisions to improve collection efforts. This report helps businesses identify overdue accounts, prioritize collection efforts, and assess the financial health of their receivables.

ACH 59

ACH Credit Cards Transactions Accounts 59

EBizCharge

APRIL 16, 2025

A high turnover ratio indicates that the company collects payments quickly and efficiently, while a low turnover ratio may suggest collection delays, ineffective credit policies, or customer payment issues. Its commonly used in both business and personal finance to assess credit health and risk.

Accounts 52

Accounts Risk Compliance Product 52