Bectran

JULY 26, 2023

As technology continues to evolve, the traditional credit process is becoming more and more obsolete in the 21st century. Credit professionals are turning to automated and digitized processes and workflows to free them from tedious, paper-intensive processes.

Transactions 89

Transactions Accounts Receivable (AR) Credit and Collections 89

Emagia

DECEMBER 30, 2024

Understanding the nuances of accounts receivable (AR) in accounting is crucial for maintaining accurate financial records and ensuring effective cash flow management. The Role of Debits and Credits in Accounting In accounting, debits and credits are fundamental concepts used to record transactions.

Accounts Receivable (AR) 40

Accounts Receivable (AR) Days Sales Outstanding Credit and Collections Bad Debt 40

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. Conversely, if A/R days are significantly lower than the credit period, it may indicate excessively stringent credit terms.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections Transactions 52

Your Virtual Credit Manager

MARCH 19, 2024

If all your customers paid promptly — by the time the invoice was due — you would not need to do any collection work. Collections is a reactive process. The amount of collection activity with which you are tasked is directly proportional to your customers’ payment habits.

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Third Party Collections 100

Your Virtual Credit Manager

DECEMBER 27, 2022

For example, there are firms burning through their cash reserves that may still be considered worthy of credit on their next order, but not the order that comes in three months from now. A customer can be paying you with no problems, but then their bank line of credit comes up for review and is drastically cut back by the bank.

Credit Scoring 130

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

Your Virtual Credit Manager

MARCH 12, 2024

As a result, trade credit, where businesses extend financing to customers, is undergoing rapid advancements, but it also poses high risks, especially in assessing creditworthiness, dealing with economic fluctuations, and fraud. While these are excellent recommendations, they are a bit laden with consultant-speak.

AR Transformation 100

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

Your Virtual Credit Manager

SEPTEMBER 10, 2024

To optimize the order-to-cash (O2C) process, it's crucial to understand the significant role Credit and Collections plays. This function must collaborate closely with sales, fulfillment, shipping/logistics, and accounting, all of which are integral to converting an order into cash.

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

Your Virtual Credit Manager

AUGUST 6, 2024

Extending credit is standard practice if you are selling to other businesses. Most commercial enterprises are simply not willing to continue trading without credit terms, making it difficult for any trade credit grantor to generate enough revenue to survive on cash sales.

Bad Debt 100

Bad Debt Credit and Collections Accounts Receivable (AR) Credit Risk 100

Your Virtual Credit Manager

OCTOBER 2, 2024

Accounts Receivable (AR) reflect a promise of payment at a future date. Though a paper asset, AR competes with Property, Plant and Equipment as well as Inventory for being the largest line item on a company’s balance sheet. Who performs the Credit & Collection activities — you or the finance company?

Past Due Invoices 130

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

Lockstep

JULY 27, 2022

In today’s economy, it is essential to be able to allocate credit where it is needed most. based B2B sales are paid using customer credit, knowing how much credit to extend and to which customers is of dire importance. Issuing too much credit to the wrong customers can lead to disastrous outcomes. .

Credit Scoring 89

Credit Scoring Bad Debt Accounts Receivable (AR) AR Automation 89

Your Virtual Credit Manager

JULY 23, 2024

In every accounts receivable (AR) portfolio there are customers that almost always pay on time, other customers that pay within a reasonable proximity of the due date, and those that pay consistently slow. Irregular payments are a clear warning sign that default may be around the corner.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Shared Service Center Small Businesses 130

Your Virtual Credit Manager

JUNE 27, 2023

Some business customers are easy to deal with, others not so much. Some have good credit, others are clear risks. No two are alike, but they do tend to fall into some common groupings. If a Faithfully Tardy customer runs into cash flow problems, you are likely to see them extend their payment cycle even further.

Collector 26

Collector Credit and Collections High-Risk Accounts Accounts Receivable (AR) 26

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

OCTOBER 25, 2022

The result of timely and accurate Remittance Processing is an accurate Accounts Receivable (AR) Ledger, which provides the current status of every customer’s balance owed to you. Alienation of customers whose orders are unjustly held up because their payment has not yet been applied.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Cash Applicator Deductions 130

Emagia

FEBRUARY 21, 2025

Managing accounts receivable (AR) is crucial for maintaining a healthy cash flow and ensuring the financial stability of a business. Effective tracking of AR involves implementing clear processes, utilizing appropriate tools, and regularly monitoring key performance indicators (KPIs).

Days Sales Outstanding 40

Days Sales Outstanding DSO Bad Debt Credit and Collections 40

Emagia

MARCH 3, 2025

The Accounts Receivable (AR) Process Cycle is a fundamental component of a company’s financial operations, encompassing the series of actions taken to manage and collect payments owed by customers for goods or services provided on credit. Electronic invoicing helps in quick delivery and tracking.

Days Sales Outstanding 40

Days Sales Outstanding DSO AR Reporting Credit and Collections 40

Your Virtual Credit Manager

APRIL 30, 2024

Photo by Freddie Collins on Unsplash ) Trade credit terms are intended to provide a convenience for the customer and unlike most loans are generally unsecured, in large part because they have a short term. If too many customers request and are granted extended terms, it will cause a substantial strain on your cash flow.

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Credit Risk Bankruptcy 100

Your Virtual Credit Manager

APRIL 4, 2023

With a growing number of experts predicting a recession to hit later this year, and inflation and interest rates remaining at elevated levels, squeezing every dollar out of your investment in Accounts Receivable (AR) is more important than ever. What constitutes optimization of a company’s AR?

Past Due Invoices 100

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

Emagia

MAY 16, 2023

The average collection period is an important accounting metric that evaluates a company’s ability to manage its accounts receivable (AR) effectively. What is an Average Collection Period? Why is the Average Collection Period Critical to Track?

Accounts Receivable (AR) 52

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

Your Virtual Credit Manager

MAY 2, 2023

Growth is down, interest rates continue rising, small businesses are facing a credit crunch, commercial bankruptcies are skyrocketing and experts see an emerging threat: Washington Post: U.S. A critical part of this exercise involves identifying active and new customers posing high, or even just marginal, credit risks.

Bankruptcy 100

Bankruptcy Credit and Collections Accounts Receivable (AR) Default 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? What is the Accounts Receivable Process?

Accounts Receivable (AR) 52

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

Emagia

FEBRUARY 20, 2025

Automating accounts receivable (AR) is a strategic move for businesses aiming to enhance cash flow, reduce manual workloads, and improve overall financial efficiency. Importance of Automating Accounts Receivable In today’s fast-paced business environment, manual AR processes can lead to delays, errors, and inefficiencies.

AR Automation 40

AR Automation Credit and Collections Cash Applicator DSO 40

Emagia

JUNE 19, 2023

Invoices serve as a record of transactions between businesses and clients. Traditionally, invoicing has printing and mailing physical invoices, but those are very costly. An invoice details the terms of the payment, the deadline for making payments, and the means of payment that are accepted. What is an Invoice Used For?

AR Automation 52

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

billtrust

OCTOBER 5, 2022

Pros and cons of handling accounts receivable remotely How do you streamline accounts receivable & remote work? Automating your accounts receivable processes. If you’re like most businesses, your accounts receivable (AR) process could use a little streamlining.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections AR Automation Credit Card Companies 52

Emagia

AUGUST 19, 2024

Generative AI (GenAI), a more recent evolution in artificial intelligence, is poised to redefine the Finance and Accounting (F&A) landscape, particularly in areas like Order-to-Cash (OTC) and accounts receivable (AR) management.

Cash Applicator 52

Cash Applicator AR Automation Accounts Receivable (AR) Days Sales Outstanding 52

NorthOne

JUNE 4, 2023

Accurate and timely invoicing and payment collection ensure that businesses have a healthy cash flow, enabling them to meet their financial obligations and invest in their growth. When payments are not collected on time, businesses may struggle to pay their suppliers, employees, and rent.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections Transactions Small Businesses 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

Fundera

OCTOBER 15, 2018

Collect accounts receivable more quickly. Reducing your accounts receivable (AR) cycle turns money tied up in invoices into cash. Particularly if your credit score or business revenues have improved since initially getting your loan, you’re a good candidate for refinancing.

Accounts Receivable (AR) 62

Accounts Receivable (AR) Credit and Collections Small Businesses Credit Scoring 62

Fundera

JUNE 27, 2018

These businesses transact with customers and bring in cash multiple times per day, so they don’t need to stockpile a large amount of working capital. Collect accounts receivable more quickly. Reducing your Accounts Receivable (AR) cycle turns money tied up in invoices into cash.

Accounts Receivable (AR) 62

Accounts Receivable (AR) Credit and Collections Small Businesses Credit Scoring 62

billtrust

DECEMBER 20, 2022

Accelerate digital payments by leveling up your AR automation. Automation brings B2B opportunities for B2B transactions. Automated AP comes with challenges for AR teams. Also, a recent study from Juniper Research has found the global transaction value of the B2B payments market will exceed $111 trillion in 2027.

AR Automation 52

AR Automation Digital Lockbox Cash Applicator Collector 52

Your Virtual Credit Manager

SEPTEMBER 13, 2022

Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo. If not approved, there should be an attempt to collect the disputed amount to avoid diluting profits, and if not collected, the deduction should be cleared by a bad debt write-off.

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Your Virtual Credit Manager

DECEMBER 24, 2024

A key difference (besides volume of transactions) is the lack of labor specialization. Photo by CDC on Unsplash Credit & Collection results suffer greatly from lack of attention and expertise. Photo by CDC on Unsplash Credit & Collection results suffer greatly from lack of attention and expertise.

Credit and Collections 130

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

Your Virtual Credit Manager

NOVEMBER 5, 2024

A client, who rented heavy equipment to manufacturers and construction firms across a multi-state market area, was saddled with an accounts receivable (AR) growing faster than revenue. In other words, they weren’t collecting everything being sold.

Accounts Receivable (AR) 130

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

Your Virtual Credit Manager

JANUARY 21, 2025

Large swaths of the order-to-cash (O2C) process involve credit and collection activities. Broadly defined, the credit’s contributions involve approving new customers for open terms and new orders at the front end of the O2C cycle. Your Virtual Credit Manager is a reader-supported publication.

Order to Cash 130

Order to Cash Credit and Collections Bad Debt Accounts Receivable (AR) 130

Your Virtual Credit Manager

MARCH 11, 2025

Businesses have been digitizing ever since the introduction of accounting software in the 1960s. Over the past quarter century, these tools have become much more robust as it relates to O2C activities, but still do not provide a unified solution that addresses all the activities performed by credit and collections as well as the AR function.

Days Sales Outstanding 130

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

Emagia

FEBRUARY 9, 2025

Enter automation a game-changer for financial operations, particularly in areas like Accounts Receivable (AR), Accounts Payable (AP), and Treasury transactions. We’ll also discuss how advanced technologies like AI and Robotic Process Automation (RPA) are transforming the way financial data is handled.

Transactions 52

Transactions Accounts Receivable (AR) Credit and Collections 52

Trade Credit & Liquidity Management

APRIL 16, 2025

This integration allows Instacart Business customers—ranging from small teams to large enterprises—to apply for invoicing, receive instant credit decisions, and manage payments seamlessly in-app, without being redirected or needing third-party logins.

Accounts Receivable (AR) 52

Accounts Receivable (AR) AR Automation Credit and Collections Invoice to Cash 52