Your Virtual Credit Manager

FEBRUARY 13, 2024

Clearly, the level of Business Credit Risk is going to remain elevated as we move through 2024, bringing with it the potential for corresponding increases in bad debt and delinquency. The good news is that there are a number of actions you can take to reduce your loss exposure and shore up your accounts receivable (AR).

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

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). Click here for more information about credit applications.

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

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.

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Days Sales Outstanding DSO AR Reporting Credit and Collections 40

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.

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

Your Virtual Credit Manager

JANUARY 9, 2024

From a credit management perspective, these are largely reactive topics. In fact, once you decide to sell a customer on open credit, most of the accounts receivable (AR) management tasks that follow have a reactive component. There is nothing wrong with that.

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Credit and Collections AR Aging Accounts Receivable (AR) Deductions 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. Who to contact should be information requested on your credit application.

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Debt Collections Collector Credit and Collections Bad Debt 130

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. If your contact is avoiding you, it may only be because they are really busy or no longer works there.

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

Your Virtual Credit Manager

SEPTEMBER 17, 2024

Implement Workflow Solutions: Software as a Service (SaaS) solutions are an economical way to enhance productivity. Solutions exist for credit application processing, collections, payment deduction resolution, and remittance processing, all of which can create more time that can be used to increase your collection efforts.

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Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 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. Derogatory Information: You should be monitoring the creditworthiness of the customers in your AR portfolio.

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Bulk Transfer Credit and Collections Bankruptcy Third Party Collections 100

Gaviti

APRIL 18, 2024

As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (AR) collections aging report. What Is an AR Aging Report? Credit management and monitoring. Send online credit applications to both existing customers and potential prospects.

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AR Aging Credit and Collections Allowance for Doubtful Accounts Bad Debt 52

Gaviti

JULY 11, 2024

Credit monitoring and management. Automate the credit application process by allowing credit application submissions online to both existing and potential customers. Make better credit decisions, lower DSO, and reconcile payments with near perfection. Schedule a demo to learn more.

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DSO AR Automation Credit and Collections Bad Debt 52

Your Virtual Credit Manager

NOVEMBER 29, 2022

In fact, most SMBs should look into using Collection Agencies to not only maximize the recovery of Accounts Receivable (AR) at high risk of never being collected, but to collect all old receivables. Your credit application should include all this information.

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Credit and Collections Accounts Receivable (AR) Default Collector 130

Your Virtual Credit Manager

MARCH 26, 2024

Portfolio Monitoring , therefore, encompasses the Account Review Process by also incorporating the identification of red-flags (such as changing payment patterns) and other circumstances that trigger an Account Review. This follows the same schedule as your periodic Account Reviews on the assumption this will be done manually.

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Bankruptcy Bad Debt Credit Scoring Chapter 11 130