Your Virtual Credit Manager
MARCH 4, 2025
This company was fortunate to avoid significant bad debt loss until Ames Department Stores, Kmart, and Fleming Foods (a distributor) all filed bankruptcy within the same year. Bad debt losses were understandably huge. Click on this link to read more about AR portfolio monitoring and periodic account reviews.
Your Virtual Credit Manager
JANUARY 28, 2025
Meanwhile, customers who previously were approved during your initial credit evaluation may become past due, max out their credit limit, or, worse yet, be in a deteriorating financial situation, all of which become even more likely when the economy is volatile—the result: cash flow problems and more exposure to bad debt losses.
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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. Customer defaults can be devastating , especially when they cause a substantial bad debt loss.
Emagia
JANUARY 2, 2025
In todays fast-paced business environment, managing accounts receivable (AR) efficiently is critical for maintaining healthy cash flow and business sustainability. The traditional methods of handling AR, including manual invoicing, collections, and payment tracking, often lead to delays, errors, and increased operational costs.
Your Virtual Credit Manager
NOVEMBER 12, 2024
Consequently, a large percentage of your accounts receivable (AR) is likely to derive from large firms. If you are not on the lookout for customer red flags, especially those raised by public firms and other large enterprises, you will be at increased risk for incurring bad debt losses.
Emagia
DECEMBER 23, 2024
Central to this process are Accounts Receivable (AR) and Accounts Payable (AP), which represent the money owed to a company and the money a company owes, respectively. Understanding and strategically managing AR and AP can significantly enhance a company’s liquidity and operational efficiency.
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.
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