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AR Automation for Suppliers working with Retailers

Top 5 Reasons That Suppliers of Retailers Should Implement AR Automation

At one time, transactions for suppliers were fairly straightforward. Suppliers shipped their products to retailers’ distributions centers and invoiced the retailer for their goods. Retailers would then send a payment check to the supplier along with the remittance information letting the supplier know what invoices were being paid. Cash application and management of the accounts…

Posted on January 10, 2018 by Liang McIntosh-Yee

Paperless Accounts Receivable

How a Paperless Accounts Receivable Process Reduces Risks for Customers & Elevates Your Business

Businesses already realize the importance of automating their processes. Not only does it save grueling steps for your employees, which can improve job satisfaction, but it also boosts productivity, helping your business become more efficient. Accounts receivable (AR) is no different. In fact, with cash flow serving as the backbone of your operations, your AR…

Posted on August 17, 2017 by Liang McIntosh-Yee

Accounts Receivable Automation

Accounts Receivable Automation in 2017

Though the idea of accounts receivable automation is nothing new, its increase in popularity in recent years and in particular in 2016, is due in no small part to the technological growth and proliferation of automation solutions and financial tech providers available today. These things have not only helped to drive greater efficiencies and cost…

Posted on February 8, 2017 by Liang McIntosh-Yee

Accounts Payable and Accounts Receivable are Converging

In my last blog I stated that, “that in the past Accounts Payable (AP) and Accounts Receivable (AR) were rarely spoken about in the same breath”. I find it fascinating as I think about the fact that AP and AR are now in separate silos with minimal communications. In most cases small companies start out with…

Posted on October 26, 2016 by Gary Halleen

Cash Application for Better Customer Service

Cash Application for Better Customer Service

Today’s businesses receive payments from a variety of sources, from website payment portals, physical checks mailed in, card payments and ACH payments. Tracking all of those funds can be challenging for already overloaded businesses, especially if they don’t have the resources to staff a large team of accounting professionals. Cash application is the process of…

Posted on June 15, 2016 by Liang McIntosh-Yee

Faster Cash Application - Accounts Receivables

The Benefits of Speeding Up Cash Application

With so many ways to pay, businesses often have money coming in from so many sources, it can be difficult to keep up. As a result, industries now place an emphasis on cash application, which is the process of matching incoming payments to the appropriate invoices. While some businesses have automated their accounting tasks, often…

Posted on June 15, 2016 by Liang McIntosh-Yee

Cash Application Diagram

What is Cash Application?

For those who deal with cash application on a daily basis, what cash application is and why it is important is probably pretty obvious, but for those who don’t know what cash application is, it may be a little difficult to fully understand why it is so important. While it can seem simple on the…

Posted on May 26, 2016 by Liang McIntosh-Yee

Cash Application Challenges

Cash Application Challenges with Remittance in a Digital World

As more and more companies are experiencing the transition from check payments and attached remittances to electronic payments and disassociated remittances sources, it has created a serious cash application challenges for these companies. In the most recent Federal Reserve Payments Study, 85% of check payments are being replaced by electronic payments. As the number of…

Posted on May 16, 2016 by Liang McIntosh-Yee