Handling Duplicate Payments in Cash Application Remittance Processing

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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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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
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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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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!

About this course

Curriculum20 Mins