Remove Accounts Receivable (AR) Remove Credit Management Remove Third Party Collections
article thumbnail

Four Goals Guaranteed to Improve Cash Flow

Your Virtual Credit Manager

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
article thumbnail

Divide and Conquer Your Past Due AR

Your Virtual Credit Manager

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. “One size does not fit all.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Should You Outsource AR Management?

Your Virtual Credit Manager

So, how can a small business acquire high level functional expertise with its “Jack of all trades” workforce, especially in regard to managing the Accounts Receivable (AR) asset? Even so, if you are heavily selling big box retailers, they may be able to help you, especially if you have a backlog.

Bad Debt 130
article thumbnail

What Triggers Your Collection Efforts?

Your Virtual Credit Manager

To address all the contingencies associated with collections and to ensure the collection process is effective, you should follow a predetermined collection strategy. Are there past-due accounts you are trying to collect? The experts at Your Virtual Credit Manager can help you bring in the cash.