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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Credit and Collections Accounts Receivable (AR) Invoice Disputes Bad Debt 130

Your Virtual Credit Manager

JANUARY 7, 2025

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

The Corcentric Blog

MAY 22, 2023

For finance executives seeking to streamline the complicated order-to-cash processes, software automation solutions provide a viable option. A complete automation workflow will significantly reduce the number of human touchpoints in the order-to-cash process and elevate systems accuracy.

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Order to Cash Accounts Receivable (AR) Invoice Collections Cash Applicator 40

Your Virtual Credit Manager

FEBRUARY 21, 2023

That certainly holds true for business processes, including the management of your Accounts Receivable (AR) and the part it plays in the order-to-cash process. If your AR is deteriorating, you better diagnose the problem as quickly as possible so you don’t incur cash flow problems and bad debt losses.

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DSO Credit and Collections Collection Effectiveness Index Bad Debt 130

Your Virtual Credit Manager

MAY 28, 2024

Imagine that the order-to-cash (O2C) process is a parade. Leading the charge is the sales and customer service teams that bring in the orders. That’s why vigilance is an ongoing requirement for anybody charged with accounts receivable (AR) or cash flow management.

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

Your Virtual Credit Manager

FEBRUARY 13, 2024

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). Automate as much of the Order-to-Cash (O2C) Process as possible. Please feel free to share this newsletter with your small business customers.

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

Your Virtual Credit Manager

AUGUST 29, 2023

There are a myriad of issues that can affect collections. As you review your metrics, here are five signs that there may be a problem with your collection practices: DSO Is Rising: Days Sales Outstanding is the most common metric for measuring accounts receivable (AR) performance.

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DSO Credit and Collections Bad Debt Collection Effectiveness Index 130

Your Virtual Credit Manager

FEBRUARY 6, 2024

As a small business owner or executive, managing accounts receivable (AR) and navigating through various credit decisions is an integral part of the job. After all, credit and collections is essential to the performance of your order-to-cash (O2C) process and cash conversion cycle.

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

Your Virtual Credit Manager

FEBRUARY 28, 2023

It will contribute to you realizing accelerated cash inflows, which will be critically important during a recession. It will reduce your Accounts Receivable (AR) balance and the associated elevated credit risk inherent in a larger AR. What do you need help doing? Email YVCM About Consulting Some Final Thoughts.

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Bad Debt Accounts Receivable (AR) Credit Risk Bankruptcy 130

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.

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Credit and Collections DSO Deductions Accounts Receivable (AR) 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. it just might help them pay you sooner!

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Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Your Virtual Credit Manager

APRIL 18, 2023

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? Another approach is to look at each discreet AR activity to determine if it might be better handled by an external partner.

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Bad Debt Credit and Collections Third Party Collections Accounts Receivable (AR) 130

Your Virtual Credit Manager

APRIL 11, 2023

Accounts Receivables (AR) require active management. In fact, a hands off approach will only serve to compound the weaknesses in your order-to-cash (O2C) process. Any O2C friction that results will ultimately have a negative affect on AR performance. Laissez-faire doesn’t cut it.

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

Your Virtual Credit Manager

MARCH 12, 2024

Share You must be a paid subscriber to continue reading this article and learn how addressing customer analysis, customer experiences and order-to-cash process improvement is necessary to the modernization and digital transformation of trade credit Customer Analysis The first task Deloitte recommends involves customer analysis.

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

Your Virtual Credit Manager

OCTOBER 17, 2023

If you have poor credit controls, you won’t be able to afford as much risk in your accounts receivable (AR) portfolio. Unacceptable risk occurs when there is a negative impact to the bottom line from taking on too much credit risk. The better your credit controls, the more risk you can assume.

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

Your Virtual Credit Manager

SEPTEMBER 13, 2022

They occur because a customer does not receive your product or service as ordered, or feels the invoice is incorrect. Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo. The second is knowledge of your Order-to-Cash process.

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Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Your Virtual Credit Manager

JUNE 25, 2024

In order to maintain optimal cash flow, your accounts receivable (AR) portfolio needs to remain in good shape. That can be a constant battle because all the mis-steps made during the order-to-cash (O2C) process will accumulate in your AR, and given time, clog it up.

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Bad Debt Credit and Collections Days Sales Outstanding DSO 130

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?

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DSO Third Party Collections Credit and Collections Deductions 130

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

Emagia

NOVEMBER 28, 2023

Key Gains of Autonomous Finance Enhanced Productivity and Efficiency: Automating tasks in accounts receivable (AR), accounts payable (AP), and reconciliation processes reduces, if not eliminates, errors that are commonplace where manual processes still dominate a businesses’ finance functions.

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Emagia

NOVEMBER 2, 2023

Beyond ChatGPT: Understanding the Trends of Evolving Generative AI For Finance Beyond ChatGPT: Unlocking the Power of GenAI in Billing Beyond ChatGPT: Unlocking the Power of GenAI in Receivables Collection Generative Artificial Intelligence (GenAI) is generating significant buzz in today’s business landscape.

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Cash Applicator Accounts Receivable (AR) AR Automation Order to Cash 52

Emagia

MARCH 3, 2025

Introduction In today’s fast-paced business environment, finance teams are under constant pressure to streamline operations, improve cash flow, and reduce errors in accounts receivable (AR) processes. One technology that has been a game-changer in this space is Automated Invoice Matching Software.

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Accounts Receivable (AR) Dashboards Order to Cash Transactions 40

Gaviti

SEPTEMBER 19, 2022

In particular, we’re seeing automation become the norm in accounts receivable (AR) functions, with teams seeing immediate results from streamlined collections processes and improved cash flow. . Without the right data at hand, CFOs and finance leaders are missing out on a gold mine of opportunity.

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AR Automation AR Metrics DSO Accounts Receivable (AR) 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.

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

Gaviti

JULY 11, 2024

Streamline Your A/R Processes Today Gaviti’s accounts receivable automation solution streamlines your A/R processes and helps your team work better. Schedule a Product Demo The 7 Best Accounts Receivable (AR) Automation Software Different accounts receivable automation solutions offer different benefits.

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DSO AR Automation Credit and Collections Bad Debt 52

billtrust

JANUARY 11, 2023

Billtrust delivers solutions across the entire order-to-cash cycle. The digital transformation of order-to-cash is happening now. But Billtrust solutions can help you leverage the investments that your customers have made into a smoother, faster order-to-cash process. What they’re ranking. com marketplace.

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AR Automation Order to Cash Collector Cash Applicator 52

Gaviti

FEBRUARY 2, 2025

In this article, we attempt to explain the connection between the operating cycle and A/R, identifying bottlenecks, and implementing strategies to improve efficiency, you can achieve faster cash flow and enhanced financial performance. Lets dive into the key aspects of the operating cycle and how you can streamline it for faster cash flow.

DSO 52

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

Emagia

FEBRUARY 21, 2025

In today’s rapidly evolving financial landscape, businesses are continually seeking ways to enhance efficiency and optimize cash flow. One critical area ripe for innovation is accounts receivable (AR) management. The question, “Can accounts receivable be automated?”

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AR Automation Days Sales Outstanding DSO AR Metrics 40

billtrust

NOVEMBER 14, 2022

What are the differences between ERP systems and AR software? Let’s Connect Ready to improve your organization’s order-to-cash cycle? Fill out the form, and a member of our team will be in touch to chat with you about Billtrust’s AR solutions. Learn More. Blog Post. 5 Famous ERP Myths Shattered. Learn More.

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AR Automation Order to Cash Accounts Receivable (AR) 52

billtrust

DECEMBER 20, 2022

Accounts receivable automated solutions like Billtrust’s Business Payments Network (BPN) Invoicing and Cash Application work hand in hand to boost your cash application team’s productivity and accelerate payments. At the same time, they are streamlining the entire order-to-cash process.

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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.

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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. Since then, there has been continuous improvement towards the holy grail of straight-through-processing (STP) across the order-to-cash (O2C) process.

Days Sales Outstanding 130

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

Your Virtual Credit Manager

DECEMBER 24, 2024

Perhaps more than any other SMB function, Accounts Receivable (AR) Management gets put on a back burner because it is nobody’s prime responsibility. The only time AR comes to the forefront is when there is economic turmoil and an increased risk of bad debt losses.

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

Emagia

DECEMBER 30, 2024

Accounts receivable (AR) is a critical component of a company’s financial health, representing the outstanding invoices or money owed by customers for goods or services delivered but not yet paid for. Efficient management of accounts receivable ensures steady cash flow and minimizes the risk of bad debts.

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Days Sales Outstanding DSO Credit and Collections Bad Debt 40

Emagia

FEBRUARY 14, 2025

This article delves deep into the concept, benefits, components, implementation strategies, and the transformative impact of integrated receivables automation on businesses. By leveraging automation, analytics, and artificial intelligence (AI), it enhances efficiency, accuracy, and visibility across the receivables lifecycle.

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Days Sales Outstanding DSO Credit and Collections Cash Applicator 40