Your Virtual Credit Manager

SEPTEMBER 6, 2022

Photo by 2H Media on Unsplash Are you managing your Accounts Receivables (AR) with the end of the year in mind? Your AR and Cash balance at December 31, 2022, is a very important number.

Accounts Receivable (AR) 130

Accounts Receivable (AR) 130

Your Virtual Credit Manager

SEPTEMBER 27, 2022

Photo by LinkedIn Sales Solutions on Unsplash When your Quotations do not address all of the key elements of a business “deal,” or when they do not agree with the details laid out in your customer’s Purchase Order (PO), Quotations can be at the root of many of your Accounts Receivable (AR) ills.

Accounts Receivable (AR) 130

Accounts Receivable (AR) 130

Your Virtual Credit Manager

OCTOBER 15, 2024

Over the next couple of years, many more companies are expected to file bankruptcy chapter 7 liquidations, or simply close their doors for good. As a consequence, commercial accounts receivable (AR) portfolios are at an increasing risk of suffering bad debt losses.

Chapter 11 130

Chapter 11 Bad Debt Accounts Receivable (AR) Chapter 7 130

Your Virtual Credit Manager

APRIL 16, 2024

Market volatility and rising costs are instead disrupting working capital budgets, causing late payments that inflate accounts receivable (AR). There’s scant hope that interest rates will return to pre-Covid, easy-money levels anytime soon.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Debt Collections Credit and Collections Collector 130

Chaser

AUGUST 30, 2024

Accurate recording keeping is a vital aspect of any businesses and nowhere is this more true that in your accounts receivable (AR) department. The beating heart of your finances, effective management of your accounts receivable is crucial to maintaining cash flow.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Your Virtual Credit Manager

FEBRUARY 27, 2024

Wen that happens accounts receivable (AR) performance also tends to suffer. Providing insights into specific risks within your accounts receivable (AR) portfolio and sharing customer interactions can further illustrate the importance of prudent credit management.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Days Sales Outstanding Bad Debt Credit and Collections 130

Chaser

AUGUST 20, 2024

Failed transactions are a normal part of business, with data showing that around 11% of all online payments fail to complete correctly. Since failed transactions are a common part of doing business, reducing failed payments should be a priority for accounts receivables (AR) teams of all scales.

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Accounts Receivable (AR) Transactions 52

Bectran

AUGUST 16, 2023

Accounts receivable (AR) is a critical piece of the cash flow puzzle and sustainable, efficient AR processes can make or break your business. That’s why it’s crucial to have an integrated, seamless and holistic AR ecosystem.

Accounts Receivable (AR) 97

Accounts Receivable (AR) 97

Chaser

AUGUST 22, 2024

This might seem like a simple enough part of the accounts receivable (AR) process, however, with 87% of businesses being paid late on a regular basis, it seems just getting paid is one of the major struggles that companies face. Dunning is the process of asking your customers for the money they owe you.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Bectran

JULY 12, 2023

Maintaining an organized credit management system and accounts receivable (AR) department is a major key to success in any B2B company, but it’s particularly so in the construction industry.

Accounts Receivable (AR) 98

Accounts Receivable (AR) Credit Management 98

Your Virtual Credit Manager

JUNE 11, 2024

My first exposure to the power of accounts receivable (AR) automation came in 1990 when I was credit manager at ERICO Fasteners, a mid-market, specialty metals manufacturer. The first month after we automated a few basic features to supplement our accounting package, we realized an increase in cash flow of 30 percent.

AR Automation 130

AR Automation DSO Collector Accounts Receivable (AR) 130

Bectran

JULY 26, 2023

Credit professionals are turning to automated and digitized processes and workflows to free them from tedious, paper-intensive processes. In the accounts receivable (AR) sector, paper invoices are a thing of the past, because automation technology is the future, and it is transforming the way businesses handle B2B transactions.

Transactions 89

Transactions Accounts Receivable (AR) Credit and Collections 89

Plooto

MARCH 29, 2024

Understanding accounts receivable (AR) is crucial for your company's finances. Efficiently managing your AR can help you manage your cash flow and ensure you don't lose out on cash.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Your Virtual Credit Manager

JULY 16, 2024

Once an order has been approved and fulfilled, the primary objective in terms of Accounts Receivable (AR) management is getting paid. Some customers will always pay on time. Others will always pay beyond terms and the remainder will fall somewhere in between.

Accounts Receivable (AR) 100

Accounts Receivable (AR) Collector Past Due Invoices Credit and Collections 100

Plooto

MARCH 28, 2024

The accounts receivable turnover ratio can be a helpful metric in determining the efficiency of your accounts receivable (AR) processes. The AR turnover ratio measures the number of times debts are collected from customers over a specified period.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Accounting Department

JANUARY 19, 2023

However, late payments and bad debts are a constant threat looming over an accounts receivables (AR) team. Accounts receivable reports are a key tool for businesses to manage their AR balances, forecast cash inflow, and stay on top of overdue payments.

Accounts Receivable (AR) 83

Accounts Receivable (AR) Bad Debt Small Businesses 83

Lockstep

NOVEMBER 17, 2022

Lockstep Inbox is the first and only dedicated tool that connects Gmail to QuickBooks Online, Sage Intacct, and Xero, allowing companies to manage their accounts payable (AP) and accounts receivable (AR) Gmail inboxes and accounting workflows all in one centralized location.

Accounts Receivable (AR) 85

Accounts Receivable (AR) 85

Chaser

FEBRUARY 14, 2024

Accounts Receivable (AR) and credit control are essential function in any business. Keeping track of accounts receivable can be time-consuming, as it requires attention to detail and diligent record-keeping.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Your Virtual Credit Manager

MAY 28, 2024

That’s why vigilance is an ongoing requirement for anybody charged with accounts receivable (AR) or cash flow management. If your AR is performing at a high level and your cash flow is insufficient, you will need to generate more revenues and/or cut costs.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Past Due Invoices Credit and Collections Collector 130

Your Virtual Credit Manager

FEBRUARY 20, 2024

(Photo by Carlos Muza on Unsplash ) A Framework for Choosing Suitable AR Metrics Businesses should carefully assess their specific needs, objectives, and operating context when selecting metrics for accounts receivable (AR) performance measurement. Calculate the total credit sales made during the same period.

DSO 130

DSO Days Sales Outstanding Credit and Collections Accounts Receivable (AR) 130

Your Virtual Credit Manager

MARCH 21, 2023

Subscribe now Lessons to Be Learned Looked at from the perspective of somebody responsible for the management of a portfolio of accounts receivable (AR), the events surrounding the SVB collapse present a cautionary tale. Not a subscriber … why don’t you take advantage of a free YVCM subscription?

Accounts Receivable (AR) 130

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

Chaser

FEBRUARY 26, 2024

This is no different in the realm of accounts receivable (AR) — a crucial part of a company's financial backbone. As technology continues to redefine customer expectations, there's a growing emphasis on leveraging AR management systems not only for internal efficiency but also as a means to enhance the customer journey.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Enterprise Recovery

MARCH 24, 2023

As accounts receivables (AR) begin to fall delinquent, your business expenses could fall delinquent as well. The effectiveness of your accounts receivable department may be one of the most important measurements to determine the success of your business.

Accounts Receivable (AR) 67

Accounts Receivable (AR) Debt Collections 67

Your Virtual Credit Manager

NOVEMBER 19, 2024

Now that we are past the mid-point of November, the end of the year is zooming into focus. Chances are, there is a lot that needs to be done in terms of accounts receivable (AR) management between now and December 31st, especially if you are short of your Days Sales Outstanding (DSO) goals.

DSO 100

DSO AR Metrics Credit and Collections Accounts Receivable (AR) 100

Chaser

NOVEMBER 1, 2023

One of the most important tools for decision-making is accounts receivable (AR) reports, as they provide critical insight into a company's financial standing, customers, and performance trends. Simply put, accounts receivables are the lifeblood of your business operations and critical for your business’s cash flow.

Accounts Receivable (AR) 52

Accounts Receivable (AR) AR Reporting 52

Your Virtual Credit Manager

OCTOBER 3, 2023

There is another bad debt threat to your Accounts Receivable (AR) asset, however that could prove devastating. It should also facilitate maximizing revenue from customers with a higher degree of credit risk. Because it focuses effort where needed, it can be quite efficient as well as effective.

Bad Debt 130

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

Plooto

JUNE 27, 2023

This phenomenon can also be found in our accounts payable (AP) and accounts receivable (AR) processes. Increasing digitization and automation have helped firms become more efficient and more profitable.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Your Virtual Credit Manager

JANUARY 17, 2023

Photo by Alex Radelich on Unsplash When small businesses add customers and increase sales, their company’s Accounts Receivable (AR) will grow.

Credit and Collections 246

Credit and Collections Accounts Receivable (AR) Days Sales Outstanding Past Due Invoices 246

Your Virtual Credit Manager

JANUARY 30, 2024

The evolution of Accounts Receivables (AR) automation has revolutionized our collection strategies. Manual collection processes centered on an aged accounts receivable trial balance (ARTB) lack the regimentation and efficiency brought about by automation.

Credit and Collections 130

Credit and Collections Collector Accounts Receivable (AR) AR Automation 130

The Esker Blog

JANUARY 3, 2023

And after years of supplier shortages, drastic demand fluctuations, increased operating costs and liquidity pinches, finance leaders are prioritizing goals associated with reaching the lowest DSO possible and quickly recovering payment on accounts receivable (AR).

DSO 98

DSO Accounts Receivable (AR) Credit and Collections Days Sales Outstanding 98

billtrust

OCTOBER 11, 2022

There’s nothing like waiting for accounts to come in. What if there was a way to take the stress out of accounts receivable (AR)? You’d be surprised how easy it is to get a grip on your cash flow with the right accounts receivable solutions. Read on for tips on how to get started. Customer churn.

Accounts Receivable (AR) 52

Accounts Receivable (AR) AR Automation Credit and Collections Cash Applicator 52

Bectran

APRIL 19, 2023

Managing accounts receivable (AR) can be a time-consuming and complicated process for any business. But the traditional means for supporting an efficient AR process is cumbersome , especially as your business scales. And as your business grows , your financial needs grow with it.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Lockstep

JUNE 1, 2022

As the Federal Reserve tightens interest rates at the highest level in over 20 years, it’s a good time to review your manual accounts receivable (AR) processes to seek out your unresolved cash traps. It’s no surprise that rising interest rates are causing companies to evaluate their AR and cash position. .

AR Automation 78

AR Automation Accounts Receivable (AR) DSO Credit and Collections 78

Your Virtual Credit Manager

JANUARY 2, 2024

Contacting customers to pay past due amounts (collecting) is an essential element of accounts receivable (AR) management. For most firms, late customer payments are a frequent occurrence and collecting them can be a difficult task.

Bad Debt 130

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

Your Virtual Credit Manager

SEPTEMBER 10, 2024

Specifically, Credit and Collections is responsible for approving new customers for credit terms and managing orders at the beginning of the O2C cycle, while also monitoring risks within the Accounts Receivable (AR) portfolio and collecting overdue payments, both of which are post-sale activities.

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

Your Virtual Credit Manager

OCTOBER 2, 2024

Accounts Receivable (AR) reflect a promise of payment at a future date. Though a paper asset, AR competes with Property, Plant and Equipment as well as Inventory for being the largest line item on a company’s balance sheet.

Past Due Invoices 130

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

Chaser

DECEMBER 20, 2022

One of the most important tools for decision-making is accounts receivable (AR) reports, as they provide critical insight into a company’s financial standing, customers, and performance trends. For businesses to remain competitive in this digital economy, companies need to make strategic decisions based on data.

Accounts Receivable (AR) 52

Accounts Receivable (AR) AR Reporting 52