Dunning Notice

A dunning notice is a formal communication sent to remind customers of overdue payments. It is typically sent in a series, increasing in urgency with each notice as the payment deadline approaches. Dunning notices are essential for encouraging customers to pay outstanding invoices and preventing further delays.

In AR optimization, automating dunning notices ensures timely follow-ups without manual intervention. AI systems can customize and schedule these notices, targeting customers based on their payment history and risk level.

With automated dunning notices, businesses can reduce overdue payments and improve their cash flow. These notices also help businesses maintain clear communication with customers, enhancing their collections efforts.