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Handling Remittance Advice Without Payment

Watch this course on remittance advice and learn how to handle a remittance advice without payment and simplify straight-through posting for A/R analysts now!

About this course

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description

lessonOverview	How often do you end up wasting additional time working on remittances with no payments? Manually posting cash in itself is a very complex job. It becomes even more complicated when your customers’ remittances arrive before the payments. You spend more time and effort searching for funds only to realize that they haven’t come yet. When the funds do arrive, you rework to match remittance with payment and end up doing manual cash posting all over again! Want to navigate through these challenges and optimize your cash posting process? Tune into this tutorial by industry veteran John M. Donovan and learn how to handle early remittances without payment and save time and effort for your team. What’s worth, this course will help you build a robust remittance processing workflow by eliminating specific remittance challenges and standardizing your remittance process. Key Takeaways:- 3 Major Challenges of Locating Funds when Remittance Advice received Without a Payment . 4 Crucial Things to Consider for Locating Funds when Remittance Advice received Without a Payment. 9 Crucial Remittance Process Improvements to Consider.

resources	Coming Soon
discuss	Coming Soon

instructor

name	title	image	description
JOHN M.DONOVAN	Advisory Sevices 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 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
	Cash Reconciliation	Cash Application Lockbox Remittance 101	Watch this tutorial and understand the basic components of lockbox remittance processing in a cash application.	https://academy.highako.com/principles-of-cash-application-lockbox-remittance-course	30 Mins

Curriculum18 Mins

Brief Overview of Remittance Challenge #12 (~2 Mins)
Introduction to Handling Remittance Advice Without Payment
3 Major Challenges of Locating Funds ( ~3 Mins )
3 Major Challenges of Locating Funds
Checklist for Locating Funds ( ~ 2 Mins )
How to Find the Funds for the Remittances You Receive?
Self-Analysis of Internal Process and System Capabilities ( ~ 6 Mins )
Assess Your Cash Application Process: 7 Key Considerations
Process Improvement Approach ( ~ 5 Mins )
9 Steps to Optimize Your Cash Posting Process for Remittances with No Payments

About this course

promoImage

description

lessonOverview	How often do you end up wasting additional time working on remittances with no payments? Manually posting cash in itself is a very complex job. It becomes even more complicated when your customers’ remittances arrive before the payments. You spend more time and effort searching for funds only to realize that they haven’t come yet. When the funds do arrive, you rework to match remittance with payment and end up doing manual cash posting all over again! Want to navigate through these challenges and optimize your cash posting process? Tune into this tutorial by industry veteran John M. Donovan and learn how to handle early remittances without payment and save time and effort for your team. What’s worth, this course will help you build a robust remittance processing workflow by eliminating specific remittance challenges and standardizing your remittance process. Key Takeaways:- 3 Major Challenges of Locating Funds when Remittance Advice received Without a Payment . 4 Crucial Things to Consider for Locating Funds when Remittance Advice received Without a Payment. 9 Crucial Remittance Process Improvements to Consider.

resources	Coming Soon
discuss	Coming Soon

instructor

name	title	image	description
JOHN M.DONOVAN	Advisory Sevices 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 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
	Cash Reconciliation	Cash Application Lockbox Remittance 101	Watch this tutorial and understand the basic components of lockbox remittance processing in a cash application.	https://academy.highako.com/principles-of-cash-application-lockbox-remittance-course	30 Mins

Curriculum18 Mins

Brief Overview of Remittance Challenge #12 (~2 Mins)
Introduction to Handling Remittance Advice Without Payment
3 Major Challenges of Locating Funds ( ~3 Mins )
3 Major Challenges of Locating Funds
Checklist for Locating Funds ( ~ 2 Mins )
How to Find the Funds for the Remittances You Receive?
Self-Analysis of Internal Process and System Capabilities ( ~ 6 Mins )
Assess Your Cash Application Process: 7 Key Considerations
Process Improvement Approach ( ~ 5 Mins )
9 Steps to Optimize Your Cash Posting Process for Remittances with No Payments