Why not getting AR automation cost you a lot of money every month?

Running a small business is not an easy task. You have to make sure that you have clients, which means marketing yourself and networking to your best ability. Then, you must deliver on all the projects and tasks that clients have ordered (and we know that sometimes they can ask for a do-over or a change of order). Between that and coordinating with the vendors, you do not have a lot of time at the

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Gaviti Selected for the Oracle Scaleup Ecosystem Program

Tel Aviv, Israel, July 8th, 2018 – Gaviti today announced that it has joined the Oracle Scaleup Ecosystem program. Gaviti is a SaaS solution that helps organizations get paid faster with its collections process optimization software. Gaviti will work with the Oracle Scaleup Ecosystem, and the global resources, cloud technology, and expertise offered, as the company moves into its next phase of growth. Gaviti is an AI-driven receivable collection optimization platform for the in-house collections

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How to make the most of your Q4 collections push?

For most businesses whose fiscal year ends December 31st the next few weeks will be the most stressful throughout the year. Not only your sales team will scramble to close as many deals as possible before year-end, but your team will be under pressure to collect as many outstanding invoices as possible to present the best cash-flow results. While keys to best collection results are prompt and accurate billing, well-defined collection policy and a strong

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5 Tips to improve your company’s receivables collection (FAST)

The year has just started but we all remember the Q4 crunch. Businesses often find themselves at year’s end struggling to collect a lot of outstanding invoices in order to meet annual cash flow projection and other cashflow/collections related metrics. Here are 5 tips that will help you to get results fast (but not a substitute for a healthy collections process management):   I. Map out everything that’s outstanding – hopefully, you have all the

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Every company approaches the receivable collection process slightly differently. However, many collections process will have a similar framework. Contract – before start collecting, we must understand the contract. Best companies will have payment terms, billing contact and invoice submission procedure outlined in the initial agreement. This is an extremely useful reference for the collector that will try to assure timely payment a few months or years later. Invoicing/Billing –  in order to collect payments, we

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Our methods and principles of receivable collections

In order to run an efficient collection process you and your team must have a special understanding of your business and the ecosystem it operates in. While this is always true, there are some universal principles that will help you to achieve better collection expectancy and general finance team performance. Review – to achieve any positive results you must have a sound understanding of your starting point. Access your data, look at it and try

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