Blog What is Accounts Receivable? Definition, Importance, and Examples Accounts receivable refers to the money a company is owed by its customers for goods and services that have been delivered, but not yet paid for.
Blog What is cash on delivery (COD) and how does it work? Cash on delivery means the customer pays for goods upon delivery but it has drawbacks for both the buyer and the seller, like delays & risk.
Blog Instant payments: Control costs and accelerate cash flow in real-time Consumers have embraced faster payments, but businesses are lagging. Why should you care? Faster and instant payments knock out pain points for billers and payers.
Blog What is Bad Debt Expense? Definition and Methods for Estimating Bad debt refers to accounts receivable that are unlikely to be collected, and writing off a bad debt is known as “bad debt expense.”
In the Media IN A WORD: 50 Payments Execs Sum Up 2021 In 2021, companies embraced digital transformation and it made an impact on everything that we do.
Case Study HDI Global Insurance International insurer provides solutions to automate and accelerate invoice delivery and payment for their brokers. 5-day reduction in DSO achieved 100% electronic invoice presentment achieved
Blog What is the average collection period formula? The average collection period is the amount of time a person or company has to repay a debt. For U.S.-based companies, it's usually around 30 days.
