#accounts receivable platform

[maxyfi-ar-crm]

The Future of Accounts Receivable: Automation and Innovation

Do you know that the future of accounts receivable is looking bright, with automation and innovation leading the way?  

With the advent of new technologies such as artificial intelligence and machine learning, the process of managing your accounts receivable is becoming more efficient and accurate. 

Now, you may have doubts about What is Automation? and How Automation can help you streamline your Accounts receivable? Let’s discuss that in this article. 

What is Automation? 

The term automation refers to using technology to perform tasks automatically using machines, software, or other tools without human intervention or control. 

An example of automation is a factory assembly line, where machines are used to assemble products automatically. Machines are programmed to perform specific tasks, such as welding or painting, and can work around the clock without the need for human intervention.  

Another example of automation is a self-checkout machine at a grocery store, which allows customers to scan and pay for their items without the assistance of a cashier. 

Overall, automation can help to increase efficiency, reduce the need for labor, and improve accuracy and consistency in tasks. However, it can also lead to job displacement, as some tasks may be automated and performed by machines instead of people. 

How Automation can help you streamline your Accounts Receivable Process? 

Automation can help streamline your accounts receivable process by allowing you to quickly and accurately  

process invoices and payment requests, 

track customer payment history, 

generate reports.  

This can help you to manage your cash flow and ensure that you are getting paid faster and more promptly. 

Here are some specific ways in which automation can help with accounts receivable: 

1. Invoice generation: 

Automated invoice generation is the process of creating and sending invoices to customers without the need for direct human intervention. Invoices are created in the accounts receivable process when a transaction is completed or a service is supplied to a customer with a credit base. 

In most cases, automated invoice creation involves the use of software or a system that creates and distributes invoices to customers based on predetermined workflows or communication templates. 

Using automated invoice generation in the accounts receivable process has various advantages. By removing the need for manual data input and invoice production, it can save time and decrease the chance of errors. By providing customers with clear, accurate, and timely invoices, automated invoice production can also help you optimize your invoicing and payment procedures. Furthermore, automated invoice generation can enhance cash flow by allowing you to issue invoices and receive payments from customers more rapidly. 

To deploy automated invoice generation, you're invoicing and payment processes must be configured with the right accounts receivable software or system. This may involve integrating the system with your accounting software or other business systems, as well as creating rules or triggers for invoice generation and delivery. Once configured, you can use the system to generate and send invoices to your customers depending on the predefined workflows and communication templates. 

2. Payment tracking: 

The use of technology and software to monitor and record customer payments is referred to as automated payment tracking in the accounts receivable process. This procedure assists you in successfully managing your accounts receivable, which is the money owed by your customers for products or services that are given but not yet paid for. 

Using automatic payment tracking in the accounts receivable process has several advantages. 

Accounts Receivable Automation enables you to record payments promptly and correctly as they are made, lowering the chance of errors and blunders. 

Automated payment tracking can assist you in identifying potential payment difficulties, such as late or missing payments so that they can be resolved as soon as possible. 

By giving real-time information about the state of your accounts receivable process, automated payment tracking may help you manage your cash flow more efficiently. 

Overall, automated payment tracking in the accounts receivable process can help you handle your financial transactions and financial management operations more efficiently and precisely than before. 

3. Report generation: 

In the accounts receivable process, automated report generation refers to the use of software or other technical tools to automatically generate reports linked to the payment of invoices and other debts owing to a business. 

These reports may provide information on 

the total amount of money owed, 

the payment status, 

any outstanding amounts. 

An aging report, which displays the period that has passed since an invoice was issued and the current state of payment, is a typical type of report generated in the accounts receivable process. 

Cash flow reports, which indicate the amount of money flowing into and going out of your business, and accounts receivable summaries, which offer an overview of the total amount of money owed to your business, are two other sorts of reports that can be generated. 

You can profit from automated report generation by making it easier to track and manage your accounts receivable. You can save time and resources by automating the process of creating these reports, and you can also make it simpler to discover any errors or errors in your accounts receivable with real-time and updated reports. 

Overall, automation can help you streamline your accounts receivable process and improve your cash flow by making it easier to manage invoices, track payments, and generate reports. 

Maxyfi – Accounts Receivable Software  

The future of accounts receivable is automation. Gone are the days of manual invoicing and payment tracking. With the proliferation of technology in the business world, automation is becoming increasingly necessary to streamline processes and improve efficiency. 

One tool that is leading the charge in accounts receivable automation is Maxyfi. This innovative software offers a range of features to help businesses manage their accounts receivable with ease. 

With Maxyfi, you can automate the invoicing process, sending out professional-looking invoices to your customers with just a few clicks. You can also set up automatic payment reminders to ensure that you receive timely payment for your goods or services. 

In addition to automating the invoicing and payment process, Maxyfi also offers a range of reporting and analysis tools to help you stay on top of your accounts receivable process. You can see at a glance which invoices are outstanding, and take action to follow up on any that are overdue. 

Maxyfi also integrates with a range of other business tools, including your accounting software, to ensure a seamless flow of information across your business. 

In short, if you want to streamline your accounts receivable process and improve the efficiency of your business, Maxyfi – Automated Accounts Receivable Software is the perfect solution. With its automation capabilities and wide range of features, it is a valuable tool for any business looking to take its accounts receivable to the next level. 

Conclusion 

To conclude, the future of accounts receivable seems promising, with automation and innovation leading the way. By adopting new technologies and approaches, you can  

improve the efficiency and accuracy of your accounts receivable process, 

reduce the number of overdue or unpaid invoices, 

improve your cash flow and bottom line.  

As these trends continue to evolve, we should expect to see even more amazing discoveries and innovations in the accounts receivable market. You can learn more about Accounts Receivable Automation by visiting Maxyfi Blogs. 

[hotaru-no-yume]

Ough I wanna talk about the little gremlins in my head (ocs) again. Gonna make an oc blog so I can have a designated place for them

[lividstar]

this is honestly so real like i always appreciate it dearly whenever someone shares their thoughts on my works and goes on a full on yapping session on either my reblogs or comment sections because it’s what motivates me to keep writing and always make sure everything i post is of the best quality i can manage with so that it’ll make reading my fics worth your time :’D it may just be a reblog or a comment to you guys but for me it actually means the whole world like i’m not even exaggerating 😭

[tasconnect]

Smart Contracts in Action: Automating Compliance in Supply Chain Finance

In the world of global commerce, supply chain finance stands as a critical pillar. It ensures the smooth flow of capital across various stages of the supply chain. As businesses strive for increased efficiency and reduced risk, the advent of blockchain technology has introduced a transformative element: smart contracts.

These digital agreements automate the execution of contracts based on pre-set rules, offering an unprecedented opportunity to enhance transactional security and operational efficiency in supply chain operations. In this blog, we shall explore the specifics of smart contracts and their application in supply chain finance. With this, we aim to provide you with a better understanding of how these technologies can automate compliance and optimize financial workflows within complex supply chains.

Foundations of Smart Contracts in Supply Chain Finance

Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They operate on blockchain technology, which provides a decentralized ledger. This ledger executes and records transactions in a transparent, secure, and immutable manner. Here’s how they integrate into SCF:

Contractual Logic for Automated Execution

Smart contracts encode complex supply chain finance agreements as programmable constructs that automatically enforce contractual obligations. 

This includes conditional payments, lien enforcement, and adherence to service level agreements (SLAs), all executed through predefined rules and triggers.

Decentralized Autonomous Organizations (DAOs) for Governance

In a more advanced setup, smart contracts can facilitate the creation of DAOs. 

They govern supply chain finance operations. 

DAOs operate on a set of programmed rules and execute financial transactions and governance decisions autonomously, without the need for human intervention.

They reduce administrative overhead and enhance execution speed.

Integration with External Oracles

Smart contracts inherently cannot access external data.

This is a limitation in supply chain finance where external market data (like currency exchange rates) and performance data (like delivery confirmations from logistics providers) are crucial. 

Oracles serve as data feeds that bring external information to the blockchain in a secure manner, enabling smart contracts to execute based on real-time data.

Automating Compliance in Supply Chain Finance with Smart Contracts

Smart contracts introduce a level of automation in compliance that is transformative for supply chain finance, particularly in the following technical domains:

Dynamic Discounting and Payment Terms: Smart contracts can dynamically adjust payment terms based on real-time performance metrics and market conditions. For instance, they can automatically provide early payment discounts to suppliers based on the buyer’s cash flow status, calculated via algorithms that predict cash availability.

Regulatory Compliance and Anti-Money Laundering (AML): By embedding regulatory and compliance checks directly into the transaction process, smart contracts ensure that all supply chain finance activities adhere to relevant laws and regulations. They can automate the generation of audit trails, perform real-time AML checks, and enforce compliance with international trade sanctions.

Synthetic Securitization of Receivables: Smart contracts enable the pooling of various receivables and the issuance of covered bonds or asset-backed securities. This process, known as synthetic securitization, can be fully automated, enhancing liquidity and spreading credit risk among a broader set of investors.

Counterparty Risk Algorithms: Through the use of bespoke algorithms, smart contracts can assess counterparty risk in real time by analyzing transaction history, market conditions, and credit data. This risk assessment can trigger automated adjustments to credit terms instantaneously, a critical capability in the fluid landscape of global trade.

Future Developments and Advanced Implementations

As blockchain technology evolves, the future of smart contracts in supply chain finance is poised for the following advancements:

Machine Learning Integration

By integrating machine learning models, smart contracts can enhance their predictive capabilities regarding payment behaviors, market fluctuations, and compliance risks.

This will allow more nuanced and anticipatory finance strategies.

Interchain Operability

Future developments may allow for seamless interactions between different blockchain platforms

This will enable more robust supply chain smart solutions that can operate across various blockchains. 

This enhances scalability and efficiency.

Automated Dispute Resolution

Advanced smart contracts could incorporate automated dispute resolution mechanisms.

They use AI to interpret contract terms.

They also use blockchain-recorded actions to adjudicate disputes without human intervention.

Conclusion

Smart contracts are poised to revolutionize the field of supply chain finance by providing mechanisms for greater automation, enhanced security, and meticulous compliance. 

As we learnt, these contracts facilitate more than just automated transactions; they embed the very framework of financial governance into the blockchain, offering a robust solution for managing the multifaceted aspects of trade finance. The convergence of blockchain technology with traditional financial processes promises to foster a more transparent, efficient, and secure environment for businesses worldwide. 

As industry leaders and financial experts continue to explore and invest in these technologies, the future of supply chain finance looks increasingly promising. Smart contracts will undoubtedly play a pivotal role in shaping this future, turning complex financial interactions into streamlined, trustworthy operations that propel global trade forward.

[saintjosie]

it’s disheartening to see an overwhelming majority of white queer people fail to recognize that the communities they build so closely imitate the structures of oppression they have claimed to leave behind, while loudly proclaiming allyship for people of color.

i’ve been on a ton of different platforms now and even though i interact with a lot of trans people, i’ve noticed that i often find myself othered by trans fem communities. the exclusion is subtle because i am east asian, pretty, and passing. and because i am pretty and passing, i often receive recognition and admiration from other trans fems. and because i am east asian as opposed to someone with black or brown skin, i am often accepted into white circles.

but i am not white. and the subtle exclusion comes from my distaste of jokes that fail to account for privilege, from speaking up when white creators speak over other people of color, from simply having a different perspective

because i am not white. and i have never been.

i’ve lived my entire life being nearly accepted by the white people around me. and the subtle exclusion that has been a staple of my life hasn’t gone away because racism still exists within queer communities.

it’s not enough to be loud about fighting oppression.

you also have to fucking do it.

[abdalsalam1990]

Hello, dear friends, how are you?

I’m writing this post while facing certain death.

I want to ask you, why have you stopped helping us? Is it because we’ve reached this point? Is it because we’ve reached €49,000?

I want to tell you all that I am deeply grateful, but as of this moment and date, we have not received a single euro from these funds. Even though we are in desperate need of it, I want to clarify that we won’t even receive half of it due to the percentage taken by the GoFundMe platform, the bank, and the state.

I also want to explain that the currency exchange fees here in Gaza exceed 30%.

We are currently in dire need of assistance. Prices have skyrocketed to unimaginable levels. The price of a bag of flour now exceeds €300, and the cost of vegetables has risen to insane, unbelievable levels. As for meat and fish, they’ve become like a dream to us. We haven’t had a proper, healthy meal since the war began.

We are now forced to survive on just one meal a day.

Let me ask you, how would you feel if you hadn’t had a proper meal for two days? Or if you were unable to have your lunch today?

We are now facing famine. Please, we beg you to help us. Please donate. Please share this post so it can reach someone capable of donating.

Let’s aim to reach €60,000 by the end of next week. I can’t do this alone, but with your support for me and my family, we can achieve it.

Please, don’t leave us alone. If you’re interested in helping, follow my account. @abdalsalam1990

Once again, I’m pleading with you to donate and share this post with your friends.

@tamamita @serial-unaliver @vampiricvenus @punkitt-is-here @2spirit-0spoons @paper-mario-wiki @omegaversereloaded @nyancrimew @90-ghost @beserkerjewel @ot3 @killy @prisonhannibal @aimasup @anneemay @dirhwangdaseul @neechees @memingursa @b0nkcreat @certifiedsexed @afro-elf @11thsense @sawasawako @vamprisms @girlinafairytale @spacebeyonce @skipppppy @beetledrink @schoolhater @3000s @annevbonny @fools-and-perverts2 @dailyquests @evillesbianvillain @wolfertinger666 @taffybuns @valtsv @postanagramgenerator

Please all my friends share it, write a comment and tag your friends so they can share it too.

[murderbot]

i want to bring everyone's attention to a campaign i happened to find while searching through the vetted gaza evacuation fundraiser sheet made by el-shab-hussein and nabulsi, specifically, #250 - "support my uncle's family to survive the war"

while legitimate, even though it was created in march it has received very little attention - at this time of writing, it only has 1.7% out of a goal of €97k

i really hope to bring some attention to this family who needs a lot of money - hasan's uncle amjad was even injured recently in early july, and i really hope this can help to bring some attention to their campaign

you can find amjad's twitter account here, if you have a twitter platform as well

let's match?

€1,665 / €97,000 goal

[caffeine-clouds]

EYES ON VENEZUELA

VENEZUELA NEEDS YOUR HELP. READ. REBLOG. EDUCATE. HELP. A lot of things are happening in the world right now. But one thing I don't see receiving enough attention right now is the situation in Venezuela. Nicolás Maduro has just won the Venezuelan election with 51.21% of votes compared with 44.2% going towards his rival Edmundo González Urrutia. Except THIS IS NOT THE CASE. Undeniable election fraud has taken place - anyone within Venezuela knows that Maduro is a ruthless dictator and he was an extremely unpopular candidate. Maduro's victory does not reflect the will of Venezuelan voters. Venezuelan people are getting kidnapped and killed by the military on the streets. And this is just the beginning of Maduro's rule. I am not from Venezuela, but read the messages of friends that are as the situation unfolded.

Venezuela are on the brink of civil war, being cut off from the world, and are being killed on the streets. One of the people you just read messages from urged me to send this message:

WHAT YOU CAN DO: - Spread the word. Educate others. Reblog this post. Do research. If anyone can provide additional context and stories, please share. Talk about this on any social media platform you have. I am primarily a Sonic fandom account - I urge that if anyone with a sizeable following in this fandom reads this post, that they please share this in front of their followers. Please ensure this post spreads through the fandom ecosystems. Below is a link to a Twitter post that has artists in the replies that are from Venezuela, if you wish to give any of them financial support:

Thank you.

[lusalemaart]

🥛🍔

[shadowfoxsilver]

Some quick tips to spotting accounts that are pretending to be a Palestinian needing mutual aid. Please keep in mind that not all of them are scam accounts, and that some may legitimate blogs who just aren’t too knowledgeable on how tumblr works. This guide is based around what I go by when checking certain blogs and usually it’s a quick giveaway the blog is a scam.

Please read this post too from my other blog before you tell people don’t donate to gfms:

1. You was sent the ask as someone who regularly shares Palestine related content such as regular news updates of posts by other Palestinians who are regularly giving updates. You may also get these asks from sharing a popular post that is from the Palestine tag. If you post often about Palestine, you will always start getting these asks. These askers don’t care if you state don’t send the asks. They will anyway. Unfortunately minors also get sent asks.

2. The ask has odd formatting such as having odd quotation marks in it or unusual formatting that may indicate it’s been edited and copied from somewhere else. Often the ask is the same thing as the post itself minus a link to a donation site. These asks rarely change so searching it should pull up if it’s been sent to other bloggers and sometimes the asks are edited only to add new phrases to them in time.

3. The account is almost always a few days old or a week old or long depending on how often they have sent asks. Usually some may even be an hour old and reusing a familiar pfp/ask.

4. The blog has a few Palestine related posts or posts from random tags reblogged to pad out length and then no more. They will have no original posts besides the pinned post while occasionally answering asks that they may have received but otherwise nothing else and no further updates given either.

5. They may have a Linktree link that is called “GoFundMe” as if indicating they have a GoFundMe there. However, they don’t. When clicked on, the Linktree actually goes to a PayPal account whose name may not even match the one their supposed name is. They’ll say it’s a friend, but it’s just the same person not someone else. You’ll see this same name across multiple accounts after a while usually giving away it’s not legitimate even under a different theme.

6. The text used by the blogs are often real stories stolen from legitimate fundraisers and searching parts of it in your preferred search engine should pull up the sources. These sources make no mention of a tumblr account either or don’t have the PayPal account associated with them in the info. Scammers often impersonate a real person in need and will ignore you if you show them the source they copied from.

7. Legitimate Palestinians often link to their own GoFundMe posts that their friends have set up or post links to other social platforms they are found on. They will regularly post updates when possible, post sources to support them when necessary, and also generally have some method of verifying their legitimacy. They may often share links to support others as well or give links to charities that have been shown as reliable. They will have more original posts than just a single pinned one and regularly speak to other tumblr accounts beyond just an ask. Please don’t bother them with asks about possible scam accounts. There are many guides out there that can do that for you if you search. You may find verified fundraisers too.

8. Scammers don’t know anything about Palestine and will often have trouble once you ask them anything beyond the mutual aid post. They don’t know the languages decently and you can tell it pretty easily if you’re one who uses it regularly. Whatever the scammers use is often just copied off the site they got the post from. Sometimes the text is just reused from past scams such as asking for insulin that doesn’t last long.

9. These scammers can and will use names stolen off real Palestinians to look more legitimate and trustworthy. They change names constantly once one of their PayPal accounts is shut down.

10. If you do see a GoFundMe link on a blog, don’t immediately assume it’s a scam just because it’s a relatively new account. Check the post notes to see if anyone’s verified the account yet or wait a bit as it takes time. You likely can search around to see if anyone’s posted anything where the blog has been vetted by others. You may also see if the GoFundMe is referred to on other socials or on lists that compile verified and vetted fundraisers.

Please don’t let these scams deter you from sending support where it needs to go. Even if you can’t donate personally, there are other ways to help. If you are sending money, please make sure that it’s going to where it’s needed and the place it’s sent has been verified accordingly. If you find a blog is a scammer, and have been able to prove it, please make sure to alert anyone sharing the post and report the account.

[heritageposts]

A state-owned bank in Germany has frozen the account of a Jewish anti-Zionist organisation and demanded the group disclose a list of all its members. Judische Stimme für gerechten Frieden in Nahost, or Jewish Voice for Just Peace in the Middle East, announced on Tuesday that its account with Berliner Sparkasse was frozen on 26 March with immediate effect. "In 2024, Jewish money is once again being confiscated by a German bank: Berliner Sparkasse freezes Jewish Voice account," Jewish Voice said in a statement on its social media platforms. The group received a letter from the bank informing it that a full list of all members, including adresses, tax documentation, income statements and other internal documents, needed to be submitted to Berliner Sparkasse by 5 April to "update customer data".

. . . continues on MEE (28 Mar 2024)

[maxyfi-ar-crm]

It's common for businesses like yours to encounter manual errors and delays in managing their accounts receivables, which they believe to be inevitable. By requiring employees to perform manual tasks, they spend more time on basic tasks and less time on adding value to the organization. This reduces productivity automatically.  

Yes, manual accounts receivable processes are prone to mistakes and delays, which may be detrimental to a company's bottom line.  

But who says it's unavoidable? It can be avoided and prevented from occurring. Let's take a look at how.  

Some common errors and delays in the Accounts Receivable Process  

1. Manual Data entry:  

The traditional accounts receivable process, which is done using spreadsheets, is always comfortable for most individuals. Manual data entry is prone to errors and delays, which may be both time and money-consuming.  

Poor cash flow maintenance.  

Poor record maintenance and management.  

Follow-ups were delayed and irregular.  

You may think that these are standard errors that all organizations make while manually processing and monitoring accounts receivable.  

Yes, however, most people are unwilling to modify their accounts receivable process to boost cash flow and productivity.

For example;   

If a business owner submits a wrong invoice or payment amount by accident, they may not recognize the error until it is too late.  

2. Misplaced or lost invoices:  

An invoice is a sort of bill that is given to the customer asking for payment for services or products provided on credit. A decent invoice should be formal, professional, and, most importantly, in a suitable tone.  

Not Sending Your Invoice Instantly.  

Fail to provide a payment deadline.  

The invoice was delivered to the wrong person.  

Services are not listed.  

Your invoice is lacking in politeness.  

Terms are not being stated.  

There was no follow-up.  

These are some of the common mistakes and errors that wreak havoc on invoices and the responses they trigger. 

Invoices are widely ignored or misplaced when handled manually. This may result in payment delays since the business owner may be unable to locate the invoice when it is needed.  

3. Inaccurate record-keeping:  

Keeping track of your customers and payments manually may be time-consuming and error-prone. This can result in erroneous records that are difficult to update and may even lead to customer disputes.  

Inaccurate record-keeping is the practice of failing to maintain the records properly. This can be purposeful or accidental, and the consequences for individuals, organizations and even nations can be severe.  

lack of training,   

lack of attention to detail,  

lack of correct protocols   

These are all major causes of faulty record-keeping. Incomplete or erroneous records can lead to lost or wrong information, misunderstandings, and a lack of responsibility.  

To prevent these issues and guarantee that their records are dependable and trustworthy, you must prioritize proper record-keeping.  

4. Lack of visibility:  

Accounts receivable visibility refers to a scenario in which an organization does not have a clear or complete view of the money owed to them by their customers.  

This can be caused by a variety of circumstances such as   

including insufficient record-keeping,   

poor customer communication,  

lack of appropriate systems and processes for tracking and managing accounts receivable.  

a lack of visibility over your accounts receivable can make it difficult to   

manage your cash flow,  

plan for the future,  

ensure that you get paid on time.  

It can also lead to misunderstandings and disagreements with your customers, as well as financial losses for your organization.  

5. Slow payment processing:  

Slow payment processing in accounts receivable entails a situation in which a business or organization takes a substantial amount of time to handle payments owing to them by their customers.   

This can occur for several reasons, including   

a lack of effective systems and processes for managing accounts receivable,   

insufficient employees or resources,  

a significant volume of payments that must be handled.  

slow payment processing can be a big concern for your business, causing   

cash flow problems,  

challenges controlling and projecting income,  

even disagreements and lost customers.   

To minimize sluggish payment processing, make sure you have adequate systems and processes in place for handling your accounts receivable, as well as enough employees and resources to manage the number of payments you receive.  

How to eliminate Manual Errors and Delays?  

An accounts receivable automation software can help you eliminate manual errors and delays in your accounts receivable process. Many of the tasks associated with managing your accounts receivable, such as   

issuing invoices,  

monitoring payments,  

reconciling accounts,   

are automated by this software.  

The software can help reduce the probability of errors and improve the accuracy and efficiency of the accounts receivable process by automating these tasks.  

Implementing data validation checks is one method that accounts receivable automation software can help avoid manual errors. These checks can help to ensure that the information being entered into the system is proper and full, lowering the possibility of mistakes like transposed digits or wrong customer information.  

Additionally, accounts receivable management software can help eliminate manual delays by automating tasks such as invoice generation and payment tracking. This can speed up the accounts receivable process and reduce the time it takes to process payments, leading to faster turnaround times and improved customer satisfaction.  

Overall, using accounts receivable software can help you in improving the accuracy and efficiency of your accounts receivable process, reduce the risk of errors and delays, and improve your financial health.  

Maxyfi – Accounts Receivable Software  

With Maxyfi - an Accounts Receivable Automation Software, you can enhance and empower your business through efficient collections, powerful workflows, and customizable templates. The following are some of the benefits that you’ll get from Maxyfi.  

1. Accounts Receivable Process with Prioritized List  

In the accounts receivable process, a prioritized list is a rating of outstanding invoices based on the urgency and necessity of their payment. This list assists in prioritizing which invoices should be paid first, such as those with upcoming due dates or the highest outstanding amounts. This guarantees that the company maintains a healthy cash flow and avoids any concerns with late payments or defaults on existing obligations.  

Maxyfi Accounts Receivable Management Software with the help of underlying power full AI engine with workflows, creates the prioritized list for actions in a flash, saving hours of manual activity and increasing productivity!  

2. Accounts Receivable Automated Reminders   

Accounts receivable automated reminders are a system that sends invoice reminders to customers regularly to remind them to settle their outstanding debts. This can assist organizations in more efficiently managing their accounts receivable process by ensuring that invoices are paid on time and reducing the number of outstanding bills.  

Automated reminders may be delivered through email or SMS and can contain the amount owed, the invoice number, and other relevant information. This can assist to enhance the business's connection with its customers by demonstrating that the business is proactive in managing its accounts receivable and is committed to maintaining a positive working relationship.  

Maxyfi provides an infinite number of pre-defined templates to meet workflow requirements, as well as customization capabilities and automatic reminders to improve efficiency. You can also make one from scratch!  

3. Accounts Receivable Workflow Management  

Workflow management in accounts receivable is the act of monitoring and coordinating the flow of work associated with handling incoming payments for an organization.  

Invoicing customers,  

following up on delinquent payments,  

applying payments to accounts,  

reconciling accounts to verify that all payments are accounted for and correctly documented are examples of such activities.   

Workflow management in accounts receivable aids in the seamless and effective operation of the accounts receivable process, as well as the timely receipt of payments.  

Powerful workflows that help your organization in tracking high-priority prospects and personalizing follow-up communications to slow or non-paying customers. Overall, it ensures that your company recovers all outstanding debts.  

4. Accounts Receivable Dispute Management    

Accounts receivable dispute management is the process of resolving disputes that emerge when a customer or client questions the authenticity of an invoice.  

This procedure normally entails analyzing the disputed invoice and accompanying documents, collaborating with the client to settle the dispute, and making any required account modifications. The purpose of dispute resolution is to handle problems promptly and effectively while preserving strong customer relationships.  

Handles disputes efficiently without losing on unrecoverable debts. Also helps boost effective conversations and good customer experience.  

5. Promise to Pay Requests in Accounts Receivable Automation Software  

Accounts receivable dispute management is the process of resolving disputes that arise when a customer questions the validity of an invoice.  

This procedure normally entails analyzing the disputed invoice and accompanying documents, collaborating with the customer to settle the dispute, and making any required account modifications. The purpose of dispute resolution is to handle problems promptly and effectively while preserving strong customer relationships.  

A payment plan or payment agreement, which defines the terms and circumstances of the payment, including the amount to be paid, the due date, and any penalties for late payment, is often used to document the promise to pay. To ensure a healthy cash flow and financial stability, businesses must carefully manage their accounts receivable and follow up on any outstanding debts or commitments to pay.  

A promise is one of the most common approaches to collecting payment dues where the customer is made to agree to pay by the date and systematically follow up to ensure they pay. Maxyfi Accounts Receivable Software has the best promise tracking and integrated follow-up communication mechanism.  

6. Call Back Request in Accounts Receivable Automation Software  

A callback request is when a customer requests to be contacted about their outstanding balance or payment at a later time in the accounts receivable process. This might be because they require more time to gather the necessary finances, or they may like to discuss a payment plan or other solution.   

When your customer is unable to make a payment or resolve an outstanding amount on the initial call with your organization’s accounts receivable management system, they often request a callback.  

Well, Maxyfi offers a Call Back option in its customer portal for customers to reach out easily and discuss their payment plan later.  

7. Outbound Email & SMS in Accounts Receivable Management Software  

Outbound email and SMS in accounts receivable refers to the practice of sending emails and text messages to customers to remind them of outstanding payments or to convey account information.  

Payment due dates,  

payment reminders,  

account changes,  

other account-related information   

maybe included in these messages.  

Outbound email and SMS can help you manage your accounts receivable process and keep your customers up to date on their invoices.  

Maxyfi allows you to configure your business email as well as your SMS gateway credentials, which determine where the email/SMS is delivered from your business account.  

8. Customer 360 View  

In accounts receivable, a customer 360 view refers to a full, holistic perspective of a customer's financial data, including outstanding invoices, payment history, and creditworthiness. This sort of perspective is critical in the accounts receivable process because it enables organizations to better manage outstanding invoices and make accurate credit and collection choices.  

You may gain a detailed picture of your customer's financial status with a customer 360 view and use that information to streamline your accounts receivable process and increase your overall cash flow.  

This shows a thorough summary of your   

customer's invoices,  

due and late payments,  

workflow action schedule,  

contact information, and so forth.   

This allows your company to track and monitor each customer and collect pending payments on time.  

9. Real-Time Analytics and Dashboard  

A tool that gives an up-to-date picture of your accounts receivable process is real-time analytics and a dashboard in the accounts receivable process.  

It lets you analyze and monitor your accounts receivable performance in real-time, giving you insights into customer payment trends, delinquent invoices, and other crucial metrics. The dashboard also displays data visually, allowing you to rapidly discover areas for improvement and take action.  

Maxyfi AR CRM provides a powerful and sophisticated dashboard that provides an informative view of  

Overdue Summary,  

Aging Summary,  

DSO,  

Needs Action,  

Top Debtors,  

Customer Segmented view  

of the phases of collection, they are in.  

Final thoughts: Maxyfi Accounts Receivable Automation Software  

You may now understand how to easily eliminate manual errors and delays while increasing and expanding your company's cash flow and productivity. If anything is still holding you back, give it a free trial.  

You can easily learn the magic of accounts receivable automation by reading the Maxyfi blogs.  

[neonbutchery]

FUNDRAISERS FOR PALESTINIANS THAT ARE LOW ON FUNDS

Here are some fundraisers of Palestinians in/from Gaza who've reached out to me and that are very low on funds. If you're able to donate, I encourage you to (even if it's a small quantity, it can make a huge difference); and if not, share this post as much as you can.

DISCLAIMER: These fundraisers mostly aren’t vetted by any reliable bloggers or organizations, or I haven’t been able to find proof of vetting for them. That being said, I feel confident including them in this list since everything about them points to them being legit (for example, there’s wide picture and video documentation, and the GFM’s receiver is located in one of the countries where you’re able to receive money through the platform). Whether you decide to donate or not, it’s up to you. If one of these fundraisers is indeed a scam, please reach out to me with evidence of it so I can remove it from this list.

Rebuilding Hope: A Gaza Family in Need of Your Help (@majedgaza1) - $1243/$70000 - Majed and his family were able to escape to safety in Egypt. However, they're in need of funds to get safe housing and to pay for the education of his children so they can keep studying.

Help Whadi get cancer treatment and evacuate his family - £1739/£100000 - Whadi is a 17-year-old teenager with stomach cancer who needs urgent funds to continue his treatment and afford his medication. This campaign was vetted by the volunteer collective beesandwatermelons on Instagram, and can be found in their spreadsheet at #11.

Help me get my family out of Gaza (@karim-rasha) - 1530€/50000€ - Rasha needs help evacuating his family, which includes his elderly parents and young siblings (10 and 12 years old), from Gaza. The Tumblr account is managed by Karim, the eldest sibling.

Help us to survive from this war (@moneerraed) - 100€/35000€ - Monir, his parents, and four siblings need funds in order to evacuate Gaza after losing their shop and home.

Help Ahmed and his family get out of Gaza (@save-ahmed-family1) - 1203€/20000€ - Ahmed lost his mother when she was unable to access medical treatment after the ongoing Israeli aggression started. He now needs help to evacuate to safety alongside his wife and young daughter.

Save my family in Gaza Strip.. Help my family's children (@sara-97a) - 672€/50000€ - Ahmed and his family need urgent help evacuating Gaza, as well as affording food and medicine for his elderly mother who's a stroke survivor with diabetes and can't currently access treatment. He's got three young children as well.

Regardless of how small it is, any donation is incredibly helpful. Your five or ten bucks can be the difference and help any of the people here afford food, medicine, evacuation, and be able to survive the ongoing genocide. If not, please reblog so these fundraisers can get more eyes on them and be able to reach their goal.

[emberwhite]

I spent the last 11 months working with my illustrator, Marta, to make the children's book of my dreams. We were able to get every detail just the way I wanted, and I'm very happy with the final result. She is the best person I have ever worked with, and I mean, just look at those colors!

I wanted to tell that story of anyone's who ever felt that they didn't belong anywhere. Whether you are a nerd, autistic, queer, trans, a furry, or some combination of the above, it makes for a sad and difficult life. This isn't just my story. This is our story.

I also want to say the month following the book's launch has been very stressful. I have never done this kind of book before, and I didn't know how to get the word out about it. I do have a small publishing business and a full-time job, so I figured let's put my some money into advertising this time. Indie writers will tell you great success stories they've had using Facebook ads, so I started a page and boosting my posts.

Within a first few days, I got a lot of likes and shares and even a few people who requested the book and left great reviews for me. There were also people memeing on how the boy turns into a delicious venison steak at the end of the book. It was all in good fun, though. It honestly made made laugh. Things were great, so I made more posts and increased spending.

But somehow, someway these new posts ended up on the wrong side of the platform. Soon, we saw claims of how the book was perpetuating mental illness, of how this book goes against all of basic biology and logic, and how the lgbtq agenda was corrupting our kids.

This brought out even more people to support the book, so I just let them at it and enjoyed my time reading comments after work. A few days later, then conversation moved from politics to encouraging bullying, accusing others of abusing children, and a competition to who could post the most cruel image. They were just comments, however, and after all, people were still supporting the book.

But then the trolls started organizing. Over night, I got hit with 3 one-star reviews on Amazon. My heart stopped. If your book ever falls below a certain rating, it can be removed, and blocked, and you can receive a strike on your publishing account. All that hard work was about to be deleted, and it was all my fault for posting it in the wrong place.

I panicked, pulled all my posts, and went into hiding, hoping things would die down. I reported the reviews and so did many others, but here's the thing you might have noticed across platforms like Google and Amazon. There are community guidelines that I referenced in my email, but unless people are doing something highly illegal, things are rarely ever taken down on these massive platforms. So those reviews are still there to this day. Once again, it's my fault, and I should have seen it coming.

Luckily, the harassment stopped, and the book is doing better now, at least in the US. The overall rating is still rickety in Europe, Canada, and Australia, so any reviews there help me out quite a lot. I'm currently looking for a new home to post about the book and talk about everything that went into it. I also love to talk about all things books if you ever want to chat. Maybe I'll post a selfie one day, too. Otherwise, the book is still on Amazon, and the full story and illustrations are on YouTube as well if you want to read it for free.

[tasconnect]

In the age of digital trade and supply chain finance, businesses are constantly seeking innovative solutions to streamline their operations and stay ahead of the competition. One such transformative force reshaping the landscape is the strategic implementation of artificial intelligence (AI) in supply chain finance technology platforms. 

[zikzuktechnologies]

Cash Flow Management Software

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