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) 100

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

Your Virtual Credit Manager

FEBRUARY 28, 2023

Your Virtual Credit Manager (YVCM) previously published an article discussing the pros and cons of Prompt Payment Discounts. However, at this point in time there are other factors in play that favor the use of discounts to encourage earlier payment by your customers. If not paid by the discount date, the full amount is due in 30 days.

Bad Debt 130

Bad Debt Accounts Receivable (AR) Credit Risk Bankruptcy 130

Your Virtual Credit Manager

SEPTEMBER 26, 2023

Your accounts receivable (AR) and cash balances as of December 31, 2023, are very important numbers. Starting next week, free subscribers will only receive the introductory section of our weekly articles. Plus, you will get full access to our growing archive of over 110 articles! Offer ends 9/30/23.

Credit and Collections 147

Credit and Collections Accounts Receivable (AR) Deductions Collector 147

Your Virtual Credit Manager

DECEMBER 6, 2022

If your sales are consummated via payment at the point of sale, which may involve “pay with order” or “pay on delivery” protocols involving a credit card or an online e-payment product, managing Accounts Receivable (AR) will not be big issue for you.

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

Your Virtual Credit Manager

SEPTEMBER 5, 2023

Starting in October, free subscribers will only receive the introductory section of our weekly articles. Plus, you get full access to our growing archive of over 100 articles! Lower AR Carrying Costs: These are simply the cost of financing your AR. Offer ends 9/30/23.

Bad Debt 130

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

Your Virtual Credit Manager

JANUARY 9, 2024

Two weeks ago we recapped the three most read articles from 2023: identifying red flags, understanding why customers pay late, and the secrets of successful collectors. From a credit management perspective, these are largely reactive topics. Then last week we looked at credit hold best practices. There is nothing wrong with that.

Credit and Collections 130

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

Your Virtual Credit Manager

MARCH 12, 2024

It’s critical you identify inefficiencies by analyzing cash conversion cycles, accounts receivable cycles, credit risk profiles, and payment histories. That may seem like a lot, and it is, but the WSJ article recommends focusing on three main areas in order to implement change in longstanding processes.

AR Transformation 100

AR Transformation Credit and Collections Accounts Receivable (AR) Order to Cash 100

Your Virtual Credit Manager

SEPTEMBER 12, 2023

Effectively managing accounts receivable (AR) is essential for a company's financial well-being. Poor receivables performance affects cash flow, and it is no secret that cash flow problems are the leading cause of business failures. Plus, you get full access to our growing archive of over 100 articles!

Credit and Collections 130

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

Gaviti

FEBRUARY 2, 2025

In this article, we attempt to explain the connection between the operating cycle and A/R, identifying bottlenecks, and implementing strategies to improve efficiency, you can achieve faster cash flow and enhanced financial performance. One of the most effective ways to achieve this is by optimizing your operating cycle.

DSO 52

DSO Credit and Collections Accounts Receivable (AR) Days Sales Outstanding 52

Your Virtual Credit Manager

JANUARY 23, 2024

There is a sequel to the case study referenced at the beginning of this article. Today, utilizing the Internet for intelligence gathering is much easier, especially with the Artificial Intelligence (AI) tools and alternative data sources that are emerging. Please feel free to share this newsletter with your small business customers.

Credit Application 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

Your Virtual Credit Manager

JANUARY 16, 2024

Time is as much an enemy as anything else when you are charged with collecting past due accounts receivable (AR), so it is crucial you don’t waste time by making mistakes, which will also serve to elongate the collection process.

Debt Collections 130

Debt Collections Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

DECEMBER 5, 2023

This misguided search for a singular understanding applies to many things, including collecting Accounts Receivable (AR). Optimal Collection results are achieved by utilizing different collection techniques with different types of customers. We cover more about working with collection agencies in this article.

Credit and Collections 130

Credit and Collections Third Party Collections Accounts Receivable (AR) Credit Risk 130

Your Virtual Credit Manager

AUGUST 29, 2023

As you review your metrics, here are five signs that there may be a problem with your collection practices: DSO Is Rising: Days Sales Outstanding is the most common metric for measuring accounts receivable (AR) performance. If DSO is rising, you are falling behind.

DSO 130

DSO Credit and Collections Bad Debt Collection Effectiveness Index 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. Maybe you have factored in an incremental improvement in DSO, but how much thought have you given to how you are going to meet that budgeted goal?

DSO 130

DSO Third Party Collections Credit and Collections Deductions 130

Your Virtual Credit Manager

JULY 11, 2023

Accounts Receivable (AR) is among the three largest assets on most companies’ books — inventory along with plant and equipment are the other two. AR is also the primary source of cash to fund daily operations. Not a subscriber … why don’t you take advantage of a free YVCM subscription?

Best Possible DSO (BPDSO) 100

Best Possible DSO (BPDSO) DSO AR Metrics Credit and Collections 100

Your Virtual Credit Manager

DECEMBER 27, 2022

Collateral can be a physical asset, such as real estate, equipment, and inventory, or it can be a financial asset, such as stocks, bonds, and accounts receivable (AR). Some decisions are easier to make than others. As this article has tried to explain, creditworthiness is situational.

Credit Scoring 130

Credit Scoring Credit and Collections Accounts Receivable (AR) Credit Application 130

Your Virtual Credit Manager

AUGUST 11, 2024

(Photo by Kind and Curious on Unsplash ) With bankruptcy filings skyrocketing and this trend expected to continue, trade creditors should prepare for delinquencies to rise within their accounts receivable (AR) portfolios. Your Virtual Credit Manager has already covered this topic from several different perspective.

Sub-Chapter V 100

Sub-Chapter V Bankruptcy Credit and Collections Chapter 11 100

Emagia

MAY 6, 2024

Using GiaDocs AI for NetSuite to accelerate the Accounts Receivable (AR) inbox can streamline and optimize various tasks associated with managing incoming payments and customer communications. This articles details on how you can utilize GiaDocs AI for NetSuite to accelerate your AR inbox.

AR Metrics 52

AR Metrics Accounts Receivable (AR) Dashboards Transactions 52

Your Virtual Credit Manager

MAY 2, 2023

Epiq Bankruptcy: Bankruptcy Filings Increase Across All Chapters in March; Commercial Filings Up 79 Percent Year-over-year If you are extending credit to other businesses on open terms, reassessing your company credit policies as well as the latent risks that may affect accounts receivable (AR) performance and cash flow should be a top priority.

Bankruptcy 100

Bankruptcy Credit and Collections Accounts Receivable (AR) Default 100

Your Virtual Credit Manager

MARCH 19, 2024

Whether you have automated the collection process or not, mapping out collection strategies for the different types of customers in your accounts receivable (AR) portfolio is an accepted best practice. For more on systematic collections, check out this article from YVCM’s “Basics Department.”

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Third Party Collections 100

Emagia

AUGUST 1, 2023

Understanding the nature of accounts receivable (AR) and its classification is crucial to maintain accurate bookkeeping records. One doubt that always pops up regarding is if accounts receivable is a debit or credit. What is Accounts Receivables?

Accounts Receivable (AR) 52

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

apruve

AUGUST 15, 2022

Delays in invoice processing and the fact that a sizable percentage of invoices are still received manually have AP professionals adopting automated invoice processing. Automating this function can also improve your relationships with vendors by ensuring they receive correct payments faster.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

NorthOne

JUNE 4, 2023

This article will provide insights into effective invoice and payment tracking strategies that businesses can implement to maintain their financial stability. In this article, we will explore some effective methods that businesses can use to track their payments.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections Transactions Small Businesses 52

Emagia

JUNE 19, 2023

Traditionally, invoicing has printing and mailing physical invoices, but those are very costly. In this article, we will look at the purpose of invoicing and the benefits of e-invoicing and automation. Using an accounts receivable (AR) automation platform like Versapay, you can eliminate manual invoicing and automate this process.

AR Automation 52

AR Automation Past Due Invoices Accounts Receivable (AR) Days Sales Outstanding 52

tillful

NOVEMBER 8, 2022

Accounts receivable (AR). Accounts receivable refers to money owed to a business by third parties like customers or clients. For example, if you provide a service and allow your client 60 days to pay, the amount they owe you will be recorded under your accounts receivables until it’s paid.

Credit Reporting Agencies 52

Credit Reporting Agencies Deductions Credit Scoring Credit and Collections 52

billtrust

NOVEMBER 14, 2022

We are dedicated experts on ERP upgrades, and we’re excited to work with you every step of the way. In this article, we’ll give you everything you need to know to get your ERP upgrade done right. Billtrust is 100% committed to supporting our customers through our Professional Services Organization.

AR Automation 52

AR Automation Order to Cash Accounts Receivable (AR) 52

Emagia

DECEMBER 3, 2024

Introduction to Writing Off Accounts Receivable In the realm of financial accounting, managing accounts receivable (AR) is crucial for maintaining a company’s financial health. However, not all receivables are collectible, leading businesses to write off certain amounts.

Accounts Receivable (AR) 40

Accounts Receivable (AR) Allowance for Doubtful Accounts Bad Debt Credit and Collections 40

Your Virtual Credit Manager

FEBRUARY 11, 2025

This article looks at the the immediate steps you should take to protect the value of your accounts receivable (AR) and protect your cash flow. Periodically revamping your policies to reflect the economic headwinds facing your company provide downstream profit protection and cash flow benefits.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Credit and Collections Bankruptcy Credit Management 130

Your Virtual Credit Manager

DECEMBER 24, 2024

Perhaps more than any other SMB function, Accounts Receivable (AR) Management gets put on a back burner because it is nobody’s prime responsibility. The only time AR comes to the forefront is when there is economic turmoil and an increased risk of bad debt losses.

Credit and Collections 130

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

Emagia

MARCH 11, 2025

In financial operations, human error is a persistent challengeparticularly in Accounts Payable (AP) and Accounts Receivable (AR). By automating manual tasks, IDP minimizes the risk of human error and enhances the speed and accuracy of AP and AR processes. Eliminate costly financial errors with GiaDocsAI.

Accounts Receivable (AR) 40

Accounts Receivable (AR) Invoice Amount AR Automation Dashboards 40

Emagia

FEBRUARY 14, 2025

In today’s fast-paced business environment, managing accounts receivable efficiently is crucial for maintaining healthy cash flow and ensuring financial stability. An Integrated Receivables Automation Solution offers a comprehensive approach to streamline and optimize the entire receivables process.

Days Sales Outstanding 40

Days Sales Outstanding DSO Credit and Collections Cash Applicator 40

Emagia

DECEMBER 30, 2024

Accounts receivable (AR) is a critical component of a company’s financial health, representing the outstanding invoices or money owed by customers for goods or services delivered but not yet paid for. Efficient management of accounts receivable ensures steady cash flow and minimizes the risk of bad debts.

Days Sales Outstanding 40

Days Sales Outstanding DSO Credit and Collections AR Aging 40