Your Virtual Credit Manager

FEBRUARY 4, 2025

In most companies, sales are given a strong priority over the risk of slow payments and bad debts regardless of gross margins and the resources the credit and collection function can provide to mitigate risk. Photo by Piret Ilver on Unsplash ) Too often, credit and collections are an afterthought.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Invoice Disputes Bad Debt 130

Your Virtual Credit Manager

APRIL 1, 2025

A high degree of transactional transparency across the entire Order to Cash Process (O2C), coupled with 360-degree visibility of customers and their life-cycles, is necessary to optimize accounts receivable (AR) performance. Too often, customer and AR information is kept in an assortment of data silos.

Credit and Collections 130

Credit and Collections Sales Tax Exemptions Accounts Receivable (AR) Collector 130

Your Virtual Credit Manager

MARCH 4, 2025

There is no good reason to sell to risky accounts on open terms when you can replace those sales by selling low-risk accounts. Click on this link to read more about AR portfolio monitoring and periodic account reviews.

Bad Debt 130

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

Your Virtual Credit Manager

JANUARY 7, 2025

How was your accounts receivable (AR) performance last year? This is a very important question because AR is typically one of the top two or three largest assets for a B2B vendor. The primary way most companies measure AR performance involves looking at the Days Sales Outstanding (DSO) metric.

Days Sales Outstanding 130

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

Your Virtual Credit Manager

JANUARY 14, 2025

The Customer Delinquency Challenge Successful accounts receivable (AR) management involves minimizing past due balances to ensure steady cash in-flows and limit bad debt losses. In light of the current economic environment, this will likely get more difficult.

Bad Debt 130

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

Emagia

JUNE 7, 2023

Accounts Receivable (AR) Days provides valuable insights into the efficiency of a company’s credit and collection processes and plays a significant role in assessing cash flow management. Is it better to have high or low AR (Accounts Receivable) Days? What does lower Accounts Receivable / AR Days mean?

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections Transactions 52

Chaser

APRIL 1, 2025

Accounts receivable (AR) automation offers a more efficient and cost-effective way to manage cash flow, reduce errors, and accelerate the collection process. Yet, many businesses still hesitate to adopt AR automation.

AR Automation 52

AR Automation 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

Chaser

DECEMBER 4, 2024

Cash flow is the lifeblood of any business and, to ensure liquidity, businesses often need to borrow over the short time. However, a lack of collateral can often make that difficult, especially for newer companies.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

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

OCTOBER 4, 2022

Photo by Ben Cliff on Unsplash A key objective of Accounts Receivable (AR) management is minimizing past due AR to ensure cash in-flows and minimize bad debt losses.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Bad Debt 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

Chaser

OCTOBER 29, 2024

Accounts receivable (AR) is a critical metric that reflects the financial health of a company. A decrease in accounts receivable can be a positive sign of efficient credit management practices, a strong economy, increased sales, efficient inventory management, or favorable payment terms.

Accounts Receivable (AR) 105

Accounts Receivable (AR) Credit Management 105

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

Your Virtual Credit Manager

SEPTEMBER 3, 2024

billion in annual sales was dissatisfied with the management of its Accounts Receivable (AR). Collection Prioritization Drives Performance Improvement A medical device manufacturer with $1.6 Days Sales Outstanding (DSO) was at 63 days on predominantly Net 30 day terms.

Accounts Receivable (AR) 130

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

Your Virtual Credit Manager

SEPTEMBER 24, 2024

This constant pressure is one of the greatest challenges executives with accounts receivable (AR) responsibilities face—navigating urgent issues while still keeping focused on the strategic goals that drive long-term success.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Credit and Collections Credit Management Default 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 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.

Accounts Receivable (AR) 90

Accounts Receivable (AR) Transactions 90

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) 98

Accounts Receivable (AR) Bad Debt Small Businesses 98

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

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

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 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) 85

Accounts Receivable (AR) 85

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

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) 81

Accounts Receivable (AR) 81

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

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

Gaviti

FEBRUARY 4, 2025

The world of Accounts Receivable (AR) is evolving rapidly. With increased interest rates and inflation, businesses are facing increasing pressure to collect cash faster. This becomes tricky when businesses also need to maintain excellent customer relationships.

Average Days Delinquent 59

Average Days Delinquent Credit and Collections AR Metrics Accounts Receivable (AR) 59

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

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

Emagia

MARCH 3, 2025

Introduction In today’s fast-paced business environment, finance teams are under constant pressure to streamline operations, improve cash flow, and reduce errors in accounts receivable (AR) processes. One technology that has been a game-changer in this space is Automated Invoice Matching Software.

Accounts Receivable (AR) 40

Accounts Receivable (AR) Dashboards Order to Cash Transactions 40

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

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

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 11 100

Chapter 11 Bad Debt Bankruptcy Chapter 7 100

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) Days Sales Outstanding 130

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

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.

Collector 100

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