Your Virtual Credit Manager

FEBRUARY 7, 2023

Such a process also brings more certainty to the accounts receivable (AR) asset. By securing the payment mechanism that will be used during the customer onboarding process, payments are embedded in the transaction, eliminating most late payments. Why not share this newsletter with your small business customers?

AR Automation 130

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

Your Virtual Credit Manager

SEPTEMBER 10, 2024

Specifically, Credit and Collections is responsible for approving new customers for credit terms and managing orders at the beginning of the O2C cycle, while also monitoring risks within the Accounts Receivable (AR) portfolio and collecting overdue payments, both of which are post-sale activities.

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 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. Share What Determines How Much Your AR Will Yield? Clean up the junk.

Past Due Invoices 130

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 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. Prompt and accurate Cash Application is an absolute requirement for running a successful, profitable business.

Credit and Collections 130

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

Your Virtual Credit Manager

DECEMBER 27, 2022

There are many other examples, so the question you must ask about every customer and every order they subsequently place has to do with where they stand in relation to the line the separates those who are creditworthy and those who are not. Please share this newsletter with your small business customers.

Credit Scoring 130

Credit Scoring Credit and Collections Accounts Receivable (AR) Bankruptcy 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

JUNE 27, 2023

Photo by Keren Fedida on Unsplash Each business customer presents a unique set of circumstances. No two are alike, but they do tend to fall into some common groupings. Identifying the groupings within your customer accounts receivable (AR) portfolio enables you to deal with them all more effectively and efficiently.

Collector 26

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

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. Please feel free to share this newsletter with your small business customers. economy grew at 1.1%

Bankruptcy 100

Bankruptcy Credit and Collections Accounts Receivable (AR) Default 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. More About Purchasing Credit Reports Please feel free to share this newsletter with your small business customers.

AR Transformation 100

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

Your Virtual Credit Manager

AUGUST 6, 2024

And when the risk does not warrant open credit terms ; How can we structure the transaction to ensure a profitable sale? The experts at Your Virtual Credit Manager are currently offering 33% off our standard small business consulting rates. Invoice financing involves selling your receivables to a third party.

Bad Debt 100

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

Your Virtual Credit Manager

APRIL 30, 2024

Also, once granted, extended payment terms are very difficult to rescind. If other accounts learn of your granting extended payment terms to one customer, it is likely they will demand the same, further increasing your investment in Accounts Receivable (AR) and straining 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. They instead are non-performing assets that take time and money to recover.

Past Due Invoices 100

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

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. The implementation timeline varies depending on the complexity of the system, the level of integration required, and the size of the business.

AR Automation 40

AR Automation Credit and Collections Cash Applicator DSO 40

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. More About Purchasing Credit Reports Please feel free to share this newsletter with your small business customers.

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Third Party Collections 100

The Esker Blog

FEBRUARY 21, 2023

The answer to this question is crucial in any business transaction, it can be the source of tension between suppliers and their customers, and can even make or break the health of a supply chain. Shorter DSOs are important to small businesses as they depend on shorter payment windows to maintain cashflow.

Days Sales Outstanding 52

Days Sales Outstanding Accounts Receivable (AR) DSO Transactions 52

Fundera

OCTOBER 15, 2018

Small businesses and startups tend to have short lifecycles—you can tell pretty quickly if the business is going to succeed or fail. In fact, one-fifth of businesses fail in their first year , and nearly one-third fail by the second year. To increase revenue, many small business owners borrow money.

Accounts Receivable (AR) 62

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

Fundera

JUNE 27, 2018

Working capital is the cash and other assets that you need to run your business efficiently on a day-to-day basis. Without sufficient working capital, you can’t pay suppliers and lenders, make payroll, market your business, or do the other things that you need to grow. To increase revenue, many small business owners borrow money.

Accounts Receivable (AR) 62

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

NorthOne

JUNE 4, 2023

Xero is an accounting software that allows businesses to reconcile their bank transactions with their invoicing records and payment history. It also has a payment tracking feature that enables businesses to monitor their payment history and send payment reminders to clients.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections Transactions Small Businesses 52

tillful

NOVEMBER 8, 2022

Looking to dust off your business finance terminology? Here's a glossary featuring many of the most common business finance terms you may need or want to know. Accounts receivable (AR). Accounts receivable refers to money owed to a business by third parties like customers or clients.

Credit Reporting Agencies 52

Credit Reporting Agencies Deductions Credit Scoring Credit and Collections 52

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. it just might help them pay you sooner!

Deductions 130

Deductions Credit and Collections DSO 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. The rental agreements with these periodic customers involved relatively straightforward transactions and therefore few problems.

Accounts Receivable (AR) 130

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

Your Virtual Credit Manager

JANUARY 21, 2025

Further credit and collection contributions involve monitoring risk in the accounts receivable (AR) portfolio and collecting from customers who don’t pay on time, both of which are post-sale activities. Learn More About Credit Reports Please share this newsletter with your small business customers.

Order to Cash 130

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

Your Virtual Credit Manager

DECEMBER 24, 2024

Small and medium businesses (SMBs) have to deal with many of the same challenges as larger ones. A key difference (besides volume of transactions) is the lack of labor specialization. The only time AR comes to the forefront is when there is economic turmoil and an increased risk of bad debt losses.

Credit and Collections 130

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

Your Virtual Credit Manager

MARCH 11, 2025

Digital Transformation, the migration of business processes to digital formats, continues its march through commercial organizations, but now with AI helping to automate and digitize the last mile. Businesses have been digitizing ever since the introduction of accounting software in the 1960s.

Days Sales Outstanding 130

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

Trade Credit & Liquidity Management

APRIL 16, 2025

For each approved transaction, Balance assumes the credit risk and guarantees payment, which allows Instacart Business to extend flexible payment terms to a broader range of customers, including sole proprietors and small businesses, while improving operational efficiency.

Accounts Receivable (AR) 52

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

Emagia

FEBRUARY 9, 2025

In today’s fast-paced business environment, automating accounts receivable (AR), accounts payable (AP), and treasury transaction entries is essential for enhancing financial efficiency and accuracy. Blockchain Technology : Blockchain could revolutionize transaction recording and verification processes.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Transactions Small Businesses 52

Emagia

DECEMBER 30, 2024

In today’s fast-paced business environment, efficient management of accounts receivable (AR) is crucial for maintaining healthy cash flow and ensuring organizational profitability. AR automation emerges as a transformative solution, streamlining financial transactions between companies and their customers.

AR Automation 40

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