Your Virtual Credit Manager

JANUARY 9, 2024

Then last week we looked at credit hold best practices. From a credit management perspective, these are largely reactive topics. In fact, once you decide to sell a customer on open credit, most of the accounts receivable (AR) management tasks that follow have a reactive component. There is nothing wrong with that.

Credit and Collections 130

Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Gaviti

NOVEMBER 4, 2024

As companies scaled and these disputes increased, however, businesses started to turn to dispute automation for a more efficient dispute management process for collections and dispute management. It should collect data about disputes over time to deliver insights about customer trends, behavior, and track dispute times. A/R Analytics.

Credit and Collections 52

Credit and Collections Invoice to Cash DSO Payment Portals 52

Gaviti

OCTOBER 10, 2024

For example, autonomous A/R software automates the generation of recurring invoices and remittance, allowing finance teams to focus on collecting invoices from customers that can best optimize and accelerate their company’s cash flow. Automating manual tasks eliminates human error while allowing staff to focus on higher-value tasks.

Invoice to Cash 52

Invoice to Cash Credit and Collections DSO Payment Portals 52

Your Virtual Credit Manager

FEBRUARY 13, 2024

Likewise, the construction and business services industries, accounting for nearly 20 percent of insolvencies last year, are projected to remain the hardest hit in 2024. percent in 2024 — that’s roughly one in twelve. For more on credit evaluations, check out this post. Here’s more on setting credit limits.

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Bankruptcy Credit and Collections Bad Debt Accounts Receivable (AR) 130

Your Virtual Credit Manager

DECEMBER 19, 2023

If you are an executive at a small or mid-sized business, chances are you are in the process of putting together a budget for 2024, or have already done so. Hopefully, that is why you are reading Your Virtual Credit Manager. In most cases (90 percent or more), we find the customer has a valid claim and deserves a credit.

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DSO Third Party Collections Credit and Collections Deductions 130

TreviPay

OCTOBER 2, 2024

October 2, 2024 — TreviPay , the most-trusted B2B payments and invoicing network, today announced a new strategic partnership with Allianz Trade the global leader in trade credit insurance. ” Recent research by TreviPay shows that seamless A/R automation and offering trade credit are pivotal for B2B buyer loyalty.

Bad Debt 64

Bad Debt DSO Credit and Collections Transactions 64

Emagia

SEPTEMBER 27, 2023

“Uncertainty” may be the word that best describes the general feeling about where things are going in the B2B credit industry and the economy for the last quarter of 2023 and into next year. These pressing topics left many pondering the upcoming challenges and opportunities for businesses heading into the year’s final quarter.

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B2B Credit Credit and Collections Order to Cash Cash Applicator 52