Cash Application Best Practices

Q. With the emerging technology being offered in the Financial Operations space (Esker, BlackLine), has anyone on the panel, overseen and implemented a full-cycle automation project for cash… Read More

Job one for many AR departments is getting the cash in; applying the cash and clearing paid invoices from the system is an “after step” to receiving and collecting, but it is a critical step.… Read More

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

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

By Bob Sefton, Financial Director, Nomacorc LLC Accurate, timely cash application fosters good working capital management practices with a resulting positive cash flow. If cash application is not… Read More

Few AR managers would argue that automating cash application would not be a critical component of tackling expensive and inefficient processes that continue to plague many businesses. According to a… Read More

Achieving a 100 percent auto-cash hit ratio – the percent of payments applied to invoices on the first pass – is nearly impossible, according to John Salek, GENPACT's vice president, business… Read More

The concept of cash application — the process by which companies match cash coming in with the amounts due from their customers — is straightforward enough. When the check comes in, cross the… Read More