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.

Bad Debt 130

Bad Debt Credit and Collections DSO Days Sales Outstanding 130

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.

Past Due Invoices 130

Past Due Invoices Credit and Collections 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.

Credit and Collections 130

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

Your Virtual Credit Manager

MAY 9, 2023

These are the expected receipts for each period you forecast. The major source of cash inflows for most firms are the receipts from payments of open invoices - i.e., your Accounts Receivable (AR). These automated solutions can save you a lot of time compiling your forecast.

Cash Forecasting 130

Cash Forecasting Accounts Receivable (AR) Invoice Disputes Credit and Collections 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?

DSO 130

DSO Third Party Collections Credit and Collections Deductions 130

Lockstep

DECEMBER 8, 2022

This will allow TAB, the bank of record for ArtisTrade, to make payments to carriers, initiate early payments on invoices, and grant visibility into all past, present, and future payments. About Lockstep: Lockstep is a connected accounting network that automates accounting workflows between companies.

Accounts Receivable (AR) 84

Accounts Receivable (AR) 84

Your Virtual Credit Manager

APRIL 11, 2023

Accounts Receivables (AR) require active management. Any O2C friction that results will ultimately have a negative affect on AR performance. Photo by Elisa Ventur on Unsplash When a company’s AR under-performs, the consequences are substantial. Laissez-faire doesn’t cut it.

Bad Debt 130

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

Your Virtual Credit Manager

AUGUST 27, 2024

Here are four primary questions to ask regarding your accounts receivable (AR) portfolio that will help you get started: 1. What are the risks? To fully understand the risks of doing business with a specific account, it’s essential to look beyond just financial statements and credit reports.

Accounts Receivable (AR) 100

Accounts Receivable (AR) Default Credit and Collections Cybersecurity 100

Emagia

JANUARY 27, 2025

A crucial aspect of maintaining a healthy cash flow is effective accounts receivable (AR) management. When AR processes are slow or disorganized, businesses face delayed payments, increasing the risk of bad debts and cash flow disruptions.

DSO 40

DSO AR Metrics Accounts Receivable (AR) Days Sales Outstanding 40

Lendio

JANUARY 13, 2023

What Is AR Factoring? In Accounts Receivable (AR) factoring, you sell your AR to a factoring company, which then collects from your customers. You get a percentage of your receivables up front and the balance (minus the factoring fee) when the invoice is collected.

Credit and Collections 98

Credit and Collections Accounts Receivable (AR) Credit Scoring Credit Unions 98

Your Virtual Credit Manager

SEPTEMBER 17, 2024

Electronic Invoice Presentment and Payment (EIPP) platforms benefit both you and your customer, especially when your EIPP solution can communicate electronically with a wide variety of AP invoice capture platforms. Offer Payment Incentives to Increase Payment Velocity Discounts for Early Payment: Provide small incentives (e.g.,

Credit and Collections 100

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

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.

AR Transformation 100

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

Your Virtual Credit Manager

MAY 2, 2023

Epiq Bankruptcy: Bankruptcy Filings Increase Across All Chapters in March; Commercial Filings Up 79 Percent Year-over-year If you are extending credit to other businesses on open terms, reassessing your company credit policies as well as the latent risks that may affect accounts receivable (AR) performance and cash flow should be a top priority.

Bankruptcy 100

Bankruptcy Credit and Collections Accounts Receivable (AR) Default 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.

Past Due Invoices 100

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

lsq

NOVEMBER 29, 2023

Referrals are the lifeblood of our accounts receivable (AR) finance business and we have been successfully helping clients meet their working capital needs with the help of introductions from bankers and brokers for almost three decades.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

SSI Healthcare Rev Cycle Solutions

NOVEMBER 17, 2023

This proactive measure not only fortifies the billing process but also enhances financial health by accelerating cash flow by 6-10 days and reducing the days in accounts receivable (AR), ensuring a smoother and more efficient revenue cycle.

Accounts Receivable (AR) 59

Accounts Receivable (AR) Medical Billing Transactions 59

SSI Healthcare Rev Cycle Solutions

NOVEMBER 17, 2023

This proactive measure not only fortifies the billing process but also enhances financial health by accelerating cash flow by 6-10 days and reducing the days in accounts receivable (AR), ensuring a smoother and more efficient revenue cycle.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Medical Billing Transactions 52

Serrala

AUGUST 29, 2022

This seamless incorporation of your data is presented with an expedient drill down functionality and vibrant dashboard graphics. Bild Centralized in-house banking Build a centralized in-house banking system for Accounts Payable (AP) and Accounts Receivable (AR) to help reduce the number of external banks and accounts which helps save costs.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Transactions Dashboards Cash Applicator 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

Emagia

JUNE 19, 2023

Making Documents for Compliance Needs Businesses present invoices as official documentation to comply with tax regulatory requirements. Using an accounts receivable (AR) automation platform like Versapay, you can eliminate manual invoicing and automate this process. They contain information on fees, taxes, etc.

AR Automation 52

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

Your Virtual Credit Manager

MARCH 11, 2025

Businesses have been digitizing ever since the introduction of accounting software in the 1960s. Those can still be good choices, but from a long-term perspective an Electronic Invoice Presentment and Payment (EIPP) solution offers the most benefits, especially in the area of customer satisfaction.

Days Sales Outstanding 130

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

Emagia

MARCH 6, 2025

As a CFO or member of the accounts receivable (AR) team, one of your top priorities is ensuring your business maintains healthy cash flow. For CFOs and AR teams, accurate forecasting is a key component in achieving financial stability, minimizing risks, and making strategic decisions. Some of these challenges include: 1.

Cash Forecasting 40

Cash Forecasting Credit and Collections Accounts Receivable (AR) Days Sales Outstanding 40

Emagia

FEBRUARY 5, 2025

In the realm of accounts receivable (AR), deductions are one of the most common yet challenging issues that businesses face. While some deductions are valid and aligned with the terms of the contract, others may be disputed or wrongly applied, leading to complexities in cash flow and revenue recognition.

Deductions 40

Deductions Revenue Recognition Accounts Receivable (AR) Days Sales Outstanding 40