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Are Your Credit & Collection Policies Aligned with Company Goals?

Your Virtual Credit Manager

At many companies, credit policy is an afterthought. When sales and production goals are set, and then the budget formalized, scant consideration is given to the impact on credit policy. Photo by Piret Ilver on Unsplash ) Too often, credit and collections are an afterthought. Customers default.

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Sales Commissions Impact the Collection Process

Your Virtual Credit Manager

Photo by Alex Radelich on Unsplash When small businesses add customers and increase sales, their company’s Accounts Receivable (AR) will grow. What are the other tasks that will not get done or be delayed because of the time you devote to Collections ? it just might help them pay you sooner!

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How Are Your Customers Doing?

Your Virtual Credit Manager

We often talk about the importance of having an efficient and effective collection process and how, from a process improvement perspective, collections automation provides substantial benefits. We don’t, however, want to minimize the importance of the credit side of the equation. Do you need help improving cash flow?

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Gain Leverage Over Slow Paying and Risky Customers by Holding Up Their Orders

Your Virtual Credit Manager

When a business reaches the point of multiple team members making new sales and taking orders from existing customers, the credit approval process gets more complicated. This is because customers and markets are dynamic. Your Virtual Credit Manager is a reader-supported publication. The only constant is change.

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Top 10 Strategies for Reducing Days Sales Outstanding (DSO)

Your Virtual Credit Manager

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.

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Best Accounts Receivable (AR) Automation Software Vendor

Emagia

In today’s fast-paced business environment, efficient management of accounts receivable (AR) is crucial for maintaining healthy cash flow and ensuring the financial stability of an organization. To address these challenges, many companies are turning to accounts receivable automation software.

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Optimizing Cash Flow Through Strategic Management of Accounts Receivable (AR) and Accounts Payable (AP)

Emagia

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.