Your Virtual Credit Manager

DECEMBER 6, 2022

Under-performing AR has the potential to create a cash flow crisis that can shut down your business in very short order. Without effective AR management, your cash flow is subject to entropy as the AR ages, as well as to the shocks caused by customer defaults.

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

Your Virtual Credit Manager

JANUARY 9, 2024

Two weeks ago we recapped the three most read articles from 2023: identifying red flags, understanding why customers pay late, and the secrets of successful collectors. From a credit management perspective, these are largely reactive topics. Then last week we looked at credit hold best practices. There is nothing wrong with that.

Credit and Collections 130

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

Your Virtual Credit Manager

AUGUST 29, 2023

The point is, if DSO is rising, you need to check to determine if collections are the problem. Receivables Are Getting Older: Your AR aging report categorizes outstanding invoices by their age. If a significant portion of your receivables are in the "overdue" categories (e.g.,

DSO 130

DSO Credit and Collections Bad Debt Collection Effectiveness Index 130

Emagia

DECEMBER 30, 2024

Businesses can implement automation tools, establish clear credit policies, regularly review AR aging reports, and maintain consistent communication with customers. Effective communication, automation, and regular follow-ups help mitigate these issues. How can businesses improve accounts receivable processes?

Days Sales Outstanding 40

Days Sales Outstanding DSO Credit and Collections Bad Debt 40