Cash Application

AR Best Practices: What Should You Measure?

Managing an AR department requires the continuous tracking of metrics in four categories: Business Trends: What’s happening in the economy that will affect your ability to collect? Team… Read More

An Intelligent Approach to Cash Application

Cash is critical for the well-being of every business. Recent IOFM surveys have highlighted the challenges faced by businesses to maintain healthy cash flow. In fact, 79% of businesses surveyed said

How Intelligent Cash Application Solutions Help Improve the Financial Health of a Business

Cash is at the heart of every business.

It’s typically the largest asset on the balance sheet, and it’s critical for:

Buying raw materials
Building and operating

AR’s Handling of Disputed Charges

Disputed charges and short payments are issues that every AR professional constantly grapples with. We asked IOFM Senior Trainer Judy Bicking about the biggest issues and the best ways for AR… Read More

Fast and Inexpensive Transactions: Fixing the Broken Promise of Electronic Payments with Intelligent Cash Application

Electronic payments are much cheaper than checks, providing a major reason why credit and Accounts rRceivable (AR) leaders encourage electronic payments to reduce processing costs and achieve shorter

Change the Rules of Cash Application

Cash application takes too long, costs too much, creates too many exceptions, and provides inadequate visibility. The root of the problem is the antiquated systems and processes that most

Adding ACH Payments Helps KHS Bicycles Speed Payments and Boosts Customer Satisfaction

Offering customers payment options that makes it easier to do business with your company is a smart strategy. Recently, KHS Bicycles (Rancho Dominguez, CA) discovered this firsthand as they added ACH… Read More

Streamlining Payment Posting with the Help of a Lockbox

When a company’s customer base is growing by leaps and bounds and its ERP system is highly complex, posting invoice payments can be a time-consuming process for Accounts Receivable. This was the

Foley Family Wines Streamlines Cash Application with Cloud-Based Solution

Cash application—the process of matching customer payments to the corresponding invoices—must be performed accurately and quickly. If it’s not, the consequences can include mismatched payments… Read More

Supervised Machine-Learning in Cash App Automation

In today’s world of automation technology, the world has been taken over by robots - from IBM’s Watson to self-driving cars, artificial intelligence, and now robotics.

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