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How to Handle No Remittance Advice in Cash Application

Course 6 of 6 in A/R Manager's Guide to Improve Cash Reconciliation

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

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