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Complete Guide to Different Payment Options in Cash Application
Course 4 of 6 in Cash Application 101 Training
Leverage this A/R manager’s guide and learn how to deal with processing variables to improve your existing cash application process.
About this course
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| description |
| lessonOverview |
In this modern era of business, organizations provide customers with various payment options to increase the flow of cash. By enabling multiple payment options, organizations tend to create a better hassle-free ecosystem and ensure that customers have a better experience with the product and build trust with the brand.
All payment options have their own set of advantages and disadvantages. The four most prominent modes of payment prevalent in industries are cash, checks, cards, and ACH. Customers prefer one of them over another while making payment for a product/service. With various modes, come variegated clearance, transaction, and remittance issues that organizations need to deal with that ultimately result in the loss of valuable time and business.
Different payment options have different processes of improvement initiatives. The organizations need to figure out what suits them the best out of all the available options and what can speed up the whole transaction process. What if the processes of improvement initiatives become less tedious? What if figuring out the right mode of payment becomes less laborious and more efficient? Tune in to this course on 'Processing Different Payment Options' by John M. Donovan to get the answers to all your queries, confusion, and questions on various modes of payment.
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| transcript |
Coming Soon
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| resources |
Coming Soon |
| discuss |
Coming Soon |
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| instructor |
| name |
title |
image |
description |
| JOHN M. DONOVAN |
Advisory Services Consultant, Quote to Payment |
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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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| recommendation |
| image |
tag |
title |
description |
link |
duration |
 |
A/R Frauds and Laws |
Credit and Debt Collection Laws for A/R |
Online 70 minutes crash course on conventional credit and collection laws including FDCPA, FCRA, ECOA, and Anti-Trust. |
https://academy.highako.com/credit-collections-laws-course |
70 Mins |
.png) |
Cash Reconciliation |
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 |
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| tribe |
| widgetType |
Id |
components |
| topic |
electronic-payments |
input |
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Curriculum30 Mins
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What are the Different Payment Options (~22 Mins)
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Preview
Overview Of Different Payment Options
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Introduction to Cash Payments
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Introduction to Check Payments
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Introduction to Card Payments
-
Introduction to ACH Payments
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How to Evaluate and Improve Various Payment Options (~10 Mins)
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How to Improve Payment Processes
-
Performance Evaluation of Cash Application Function
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-
About this course
| promoImage |
|
| description |
| lessonOverview |
In this modern era of business, organizations provide customers with various payment options to increase the flow of cash. By enabling multiple payment options, organizations tend to create a better hassle-free ecosystem and ensure that customers have a better experience with the product and build trust with the brand.
All payment options have their own set of advantages and disadvantages. The four most prominent modes of payment prevalent in industries are cash, checks, cards, and ACH. Customers prefer one of them over another while making payment for a product/service. With various modes, come variegated clearance, transaction, and remittance issues that organizations need to deal with that ultimately result in the loss of valuable time and business.
Different payment options have different processes of improvement initiatives. The organizations need to figure out what suits them the best out of all the available options and what can speed up the whole transaction process. What if the processes of improvement initiatives become less tedious? What if figuring out the right mode of payment becomes less laborious and more efficient? Tune in to this course on 'Processing Different Payment Options' by John M. Donovan to get the answers to all your queries, confusion, and questions on various modes of payment.
|
| 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 |
|
A/R Frauds and Laws |
Credit and Debt Collection Laws for A/R |
Online 70 minutes crash course on conventional credit and collection laws including FDCPA, FCRA, ECOA, and Anti-Trust. |
https://academy.highako.com/credit-collections-laws-course |
70 Mins |
|
Cash Reconciliation |
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 |
|
| tribe |
| widgetType |
Id |
components |
| topic |
electronic-payments |
input |
|
Curriculum30 Mins
-
What are the Different Payment Options (~22 Mins)
-
Preview
Overview Of Different Payment Options
-
Introduction to Cash Payments
-
Introduction to Check Payments
-
Introduction to Card Payments
-
Introduction to ACH Payments
-
How to Evaluate and Improve Various Payment Options (~10 Mins)
-
How to Improve Payment Processes
-
Performance Evaluation of Cash Application Function
-
-
