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How to Handle No Remittance Advice in Cash Application
Cash Reconciliation
Watch this course on remittance advice and simplify the record-keeping process of specific invoices for A/R analysts now!
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  • Lesson Overview
  • Resources
  • Discuss

More than 50% of A/R teams report less than 20% hit rate for invoices with no remittance information, says a CRF survey.

No surprises there! It's almost like playing (and losing 8 out of 10 times) dumb charades trying to identify the right invoices with no remittances.

Alas, with more serious consequences!

Without on-invoice cash applications, A/R teams create a massive backlog of additional manual work and end up missing invalid deductions that could have been collected.

How do you avoid such scenarios and handle no remittance invoices efficiently?

Watch this tutorial by John Donovan and understand how to marry your invoice with remittance details and achieve a 100% accurate cash posting rate.

What’s worth, this course will help you build a robust remittance processing workflow by eliminating error-prone, clerical tasks.

Key Takeaways:-

  • 6 ways how remittance advice could lead to greater process efficiency. 
  • 8 important checkpoints to consider for no remittance advice.
  • 3 major principles to guide remittance process management for lower-cost units.
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Instructor
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.
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How to Handle No Remittance Advice in Cash Application

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Watch this course on remittance advice and simplify the record-keeping process of specific invoices for A/R analysts now!

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About this course

promoImage
description
lessonOverview

More than 50% of A/R teams report less than 20% hit rate for invoices with no remittance information, says a CRF survey.

No surprises there! It's almost like playing (and losing 8 out of 10 times) dumb charades trying to identify the right invoices with no remittances.

Alas, with more serious consequences!

Without on-invoice cash applications, A/R teams create a massive backlog of additional manual work and end up missing invalid deductions that could have been collected.

How do you avoid such scenarios and handle no remittance invoices efficiently?

Watch this tutorial by John Donovan and understand how to marry your invoice with remittance details and achieve a 100% accurate cash posting rate.

What’s worth, this course will help you build a robust remittance processing workflow by eliminating error-prone, clerical tasks.

Key Takeaways:-

  • 6 ways how remittance advice could lead to greater process efficiency. 
  • 8 important checkpoints to consider for no remittance advice.
  • 3 major principles to guide remittance process management for lower-cost units.
   
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

KPIs and Reporting

 Cash Application KPIs and Reporting Watch this tutorial to learn how to monitor cash application KPIs to achieve your business's long-term goals. https://academy.highako.com/cash-application-kpis-and-reporting 20 Mins

Cash Reconciliation

Exception Handling

 Month-End Closure Learn how to use various strategies for optimizing your cash management with practical solutions on how you could reconcile as many accounts as possible every month seamlessly. https://academy.highako.com/ar-managers-guide-to-month-end-close-process 30 Mins

Cash Reconciliation

 Remittance Processing 101 for A/R Analysts This course on remittance processing in cash application aims to revolutionize the b2b payment space by reconciling the major challenges of manual processing in cash application. https://academy.highako.com/remittance-processing-for-ar-analysts 30 Mins
tribe
widgetType Id components
topic cash-application input

Curriculum10 Mins

  • Brief Overview of Remittance Challenge #1 (~5 Mins)
  • Preview
    Introduction to Challenge #1
  • How to Score Your Remittance Process
  • 6 Guiding Principles to No Remittance Advice (~ 2 Mins)
  • 6 Guiding Principles to No Remittance Advice
  • What are the Guiding Principles to Remittance Process Management (~ 3 Mins)
  • 3 Guiding Principles to Remittance Process Management
  • How to Improve Remittance Process (~1 Mins)
  • Initiatives to Improve Remittance Process

About this course

promoImage
description
lessonOverview

More than 50% of A/R teams report less than 20% hit rate for invoices with no remittance information, says a CRF survey.

No surprises there! It's almost like playing (and losing 8 out of 10 times) dumb charades trying to identify the right invoices with no remittances.

Alas, with more serious consequences!

Without on-invoice cash applications, A/R teams create a massive backlog of additional manual work and end up missing invalid deductions that could have been collected.

How do you avoid such scenarios and handle no remittance invoices efficiently?

Watch this tutorial by John Donovan and understand how to marry your invoice with remittance details and achieve a 100% accurate cash posting rate.

What’s worth, this course will help you build a robust remittance processing workflow by eliminating error-prone, clerical tasks.

Key Takeaways:-

  • 6 ways how remittance advice could lead to greater process efficiency. 
  • 8 important checkpoints to consider for no remittance advice.
  • 3 major principles to guide remittance process management for lower-cost units.
   
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

KPIs and Reporting

 Cash Application KPIs and Reporting Watch this tutorial to learn how to monitor cash application KPIs to achieve your business's long-term goals. https://academy.highako.com/cash-application-kpis-and-reporting 20 Mins

Cash Reconciliation

Exception Handling

 Month-End Closure Learn how to use various strategies for optimizing your cash management with practical solutions on how you could reconcile as many accounts as possible every month seamlessly. https://academy.highako.com/ar-managers-guide-to-month-end-close-process 30 Mins

Cash Reconciliation

 Remittance Processing 101 for A/R Analysts This course on remittance processing in cash application aims to revolutionize the b2b payment space by reconciling the major challenges of manual processing in cash application. https://academy.highako.com/remittance-processing-for-ar-analysts 30 Mins
tribe
widgetType Id components
topic cash-application input

Curriculum10 Mins

  • Brief Overview of Remittance Challenge #1 (~5 Mins)
  • Preview
    Introduction to Challenge #1
  • How to Score Your Remittance Process
  • 6 Guiding Principles to No Remittance Advice (~ 2 Mins)
  • 6 Guiding Principles to No Remittance Advice
  • What are the Guiding Principles to Remittance Process Management (~ 3 Mins)
  • 3 Guiding Principles to Remittance Process Management
  • How to Improve Remittance Process (~1 Mins)
  • Initiatives to Improve Remittance Process