Cash Application

Would you like to help your company save a quarter of a million dollars a year? If your answer is yes, talk to Trisha Allen and Vance Luke. Using continuous improvement opportunities, the Gray

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The days of after-hour check deposits and expensive overnight currier services are over for many businesses. Instead of paper clipping a pile of checks together and paying a messenger service to

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By Prakash Hariharan - Cash Application is an important sub-process within the end-to-end Order to Cash process. An under-performing Cash Application function impacts important outcomes such as cash… Read More

By Prakash HariharanAs AR pros focused on enhancing cash and working capital management are well aware, Cash Application is a critical sub-process within the end-to-end Order to Cash process. An

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The daily dash to the bank to deposit a stack of checks is so last century! Waiting in long lines, the danger of losing the paper checks and the loss of valuable time are old business practices, and

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Check 21 Summary Effective date: October 28, 2004 What it does: Authorizes a new negotiable instrument called a substitute check or image replacement document (IRD) Purpose: improve efficiency of

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As you sort the day's mail, you see the invoice and check you have been waiting for, but your excitement evaporates when you realize that the amount paid doesn't match the amount invoiced. Your… Read More

Several years ago when Glenna Mileson was working in accounts receivable, she received a check from an arts organization that was short. They had paid some - but not all - of the invoiced amount. So… Read More

As products and services flow down a supply chain, transactions along the way are invoiced. Often, however, the customer remits less than the invoice amount citing some reason to justify short paying

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The workload for a standard collections department is typically divided into two facets: the collection of receivables past due for slow paying customers and the resolution and/or collection of… Read More