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Handling Duplicate Payments in Cash Application Remittance Processing

Handling Duplicate Payments in Cash Application Remittance Processing

Watch this tutorial and learn how to handle duplicate payments in remittance processing and minimize delay straight-through posting for A/R analysts now!

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About this course

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lessonOverview

Imagine a situation where an A/R analyst has received payment for remittance advice that has already been paid and closed. Confusing, isn’t it?

 The A/R analysts spend hours processing through the data only to find that the customer has paid twice! Not only does this lead to additional work, but it also increases the risk of making an error while posting cash.

Well, worry no more! Watch this tutorial by John M. Donovan, as he helps you create a strategy to avoid this duplication of effort and make cash application error-free. In 30 minutes, he will cover how the adoption of clear audit trails and a well-documented template approach could help you in tackling and minimizing the duplicate payment issue in cash application.

Key takeaways:

  • 5 Major Initiatives to Consider for Duplicate Remittance Advice
  • 7 Ways to Self-Analyze Your Internal Process and System Capabilities
  • 9 Crucial Remittance Process Improvements to Consider
transcript Coming Soon
resources Coming Soon
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instructor
name title image description
JOHN M.DONOVAN Advisory Services Consultant, Quote to Payment John M. Donovan is a senior financial services executive specializing in all aspects of the Order-to-Cash and back-office processes. Managed several very large global A/R portfolios for major Fortune 100 and 500 high-growth companies in various stages of delivery and transition, as well as small companies in a startup and growth mode.
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Cash Reconciliation

 How to Handle Consolidated Remittance in Cash Application Struggling with cash posting for consolidated remittances? Watch this tutorial and learn how to streamline your consolidated remittance details accurately and create a straight-through cash posting process now! https://academy.highako.com/how-to-handle-consolidated-remittance-in-cash-application 15 Mins

Cash Reconciliation

 How to Handle No Remittance Advice in Cash Application Watch this course on remittance advice and simplify the record-keeping process of specific invoices for A/R analysts now! https://academy.highako.com/how-to-handle-no-remittance-advice-in-cash-application 10 Mins

 

Cash Reconciliation

 

 How to Handle Unidentified Remittances in Cash Application This course on unidentified remittances will help A/R analysts to build a well-defined process where they will be able to identify and standardize the source of remittance. https://academy.highako.com/how-to-handle-unidentified-remittances-in-cash-application 15 Mins

Curriculum20 Mins

About this course

promoImage
description
lessonOverview

Imagine a situation where an A/R analyst has received payment for remittance advice that has already been paid and closed. Confusing, isn’t it?

 The A/R analysts spend hours processing through the data only to find that the customer has paid twice! Not only does this lead to additional work, but it also increases the risk of making an error while posting cash.

Well, worry no more! Watch this tutorial by John M. Donovan, as he helps you create a strategy to avoid this duplication of effort and make cash application error-free. In 30 minutes, he will cover how the adoption of clear audit trails and a well-documented template approach could help you in tackling and minimizing the duplicate payment issue in cash application.

Key takeaways:

  • 5 Major Initiatives to Consider for Duplicate Remittance Advice
  • 7 Ways to Self-Analyze Your Internal Process and System Capabilities
  • 9 Crucial Remittance Process Improvements to Consider
transcript Coming Soon
resources Coming Soon
discuss Coming Soon
instructor
name title image description
JOHN M.DONOVAN Advisory Services Consultant, Quote to Payment John M. Donovan is a senior financial services executive specializing in all aspects of the Order-to-Cash and back-office processes. Managed several very large global A/R portfolios for major Fortune 100 and 500 high-growth companies in various stages of delivery and transition, as well as small companies in a startup and growth mode.
recommendation
image tag title description link duration

Cash Reconciliation

 How to Handle Consolidated Remittance in Cash Application Struggling with cash posting for consolidated remittances? Watch this tutorial and learn how to streamline your consolidated remittance details accurately and create a straight-through cash posting process now! https://academy.highako.com/how-to-handle-consolidated-remittance-in-cash-application 15 Mins

Cash Reconciliation

 How to Handle No Remittance Advice in Cash Application Watch this course on remittance advice and simplify the record-keeping process of specific invoices for A/R analysts now! https://academy.highako.com/how-to-handle-no-remittance-advice-in-cash-application 10 Mins

 

Cash Reconciliation

 

 How to Handle Unidentified Remittances in Cash Application This course on unidentified remittances will help A/R analysts to build a well-defined process where they will be able to identify and standardize the source of remittance. https://academy.highako.com/how-to-handle-unidentified-remittances-in-cash-application 15 Mins

Curriculum20 Mins