Your Virtual Credit Manager

SEPTEMBER 26, 2023

Your accounts receivable (AR) and cash balances as of December 31, 2023, are very important numbers. Suppliers, lenders, and credit rating agencies place substantial importance on these numbers when assessing your liquidity and overall financial strength. Offer ends 9/30/23. What do you need help doing?

Credit and Collections 147

Credit and Collections Accounts Receivable (AR) Deductions Collector 147

Your Virtual Credit Manager

JANUARY 23, 2024

The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. We are currently offering 33 percent off our standard small business consulting rates. There is a sequel to the case study referenced at the beginning of this article.

Credit Application 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

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

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. Cash is king.

DSO 130

DSO Credit and Collections Bad Debt AR Aging 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. Then last week we looked at credit hold best practices. From a credit management perspective, these are largely reactive topics.

Credit and Collections 130

Credit and Collections AR Aging Accounts Receivable (AR) Deductions 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. We are currently offering 33% off our introductory rate.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Default 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 are currently offering 33% off our standard SMB consulting rates.

Credit and Collections 130

Credit and Collections Third Party Collections Accounts Receivable (AR) Credit Risk 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. We are currently offering 33 percent off our standard small business consulting rates.

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Debt Collections Collector Credit and Collections Bad Debt 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

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.

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

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

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.

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Sub-Chapter V Bankruptcy Credit and Collections Chapter 11 100

Your Virtual Credit Manager

DECEMBER 27, 2022

Collateral: Collateral can be used to secure any type of credit offering. 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). Credit grantors will often consider other factors as well.

Credit Scoring 130

Credit Scoring Credit and Collections Accounts Receivable (AR) Bankruptcy 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. Is your Accounts Receivable performance meeting your expectations?

Best Possible DSO (BPDSO) 100

Best Possible DSO (BPDSO) DSO AR Metrics Credit and Collections 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.”

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Bulk Transfer Credit and Collections Bankruptcy Third Party Collections 100

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

FEBRUARY 11, 2025

From a credit management perspective, there is considerable uncertainty about the future as 2025 evolves. The days of easy money are history, while market volatility has increased. 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.

Accounts Receivable (AR) 130

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

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.

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

Your Virtual Credit Manager

DECEMBER 24, 2024

Photo by CDC on Unsplash Credit & Collection results suffer greatly from lack of attention and expertise. Perhaps more than any other SMB function, Accounts Receivable (AR) Management gets put on a back burner because it is nobody’s prime responsibility. Need help improving cash flow?

Credit and Collections 130

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

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.

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Days Sales Outstanding DSO Credit and Collections Cash Applicator 40