How to Achieve Consistent, Accurate, and Timely Cash Application

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 carried... Read more

Cash Application: Establish Right Procedures First, Then Automate

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... Read more

10 Steps to Better Cash Application

It is next to impossible to achieve a 100 percent auto-cash hit ratio – the percent of payments applied to invoices on the first pass – according to John... Read more

New Remittance Data Enables AR To Automate Cash App of Wire Transfer Payments

For AR, there have always been advantages and drawbacks to receiving customer payments by wire transfer (Fedwire or CHIPS). But steps recently taken by the two wire clearing networks... Read more

Do’s and Don’ts of Cash Application

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... Read more

4 Steps to Achieve a Higher AR Reconciliation Rate

Given the crucial role of accurate and timely cash application, it may surprise AR managers to learn that only a little over one-third of corporations have an AR reconciliation... Read more

New Auto-Cash Technology Yields Strong ROI for AR

Forces driving automation of the order-to-cash cycle include reducing costs, managing nonpayment and default risk, and enhancing cash flow and forecasting—all critical to your company’s competitiveness. For many AR... Read more

Best Practices + Analytics + Technology = Cutting-Edge Cash Application Process

Relying on technology alone will not help improve cash application beyond a certain level. End-to-end process views, operational best practices, and analytics-based improvements are all elements that must be... Read more

Delivering a Best-in-Class Cash Application Process

By Prakash Hariharan As 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... Read more