Your Virtual Credit Manager
FEBRUARY 25, 2025
This creates cash flow shortages, an increased risk of bad debt, and a significant work requirement to mitigate the impact of late payments. The Impact of Bad Debts The problem with larger customers who chronically pay late is the increased probability of a bad debt loss, which is costly.
Your Virtual Credit Manager
JANUARY 3, 2023
Email us to learn how the experts at Your Virtual Credit Manager can help you clean up your AR Ledger and increase cash flow by improving your Collection Process. The first month after we automated a few basic tasks to supplement our accounting package, we realized an increase in collections of 30 percent.
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Your Virtual Credit Manager
FEBRUARY 7, 2023
By securing the payment mechanism that will be used during the customer onboarding process, payments are embedded in the transaction, eliminating most late payments. The pleasant surprise was that during this process, we found that end-to-end AR automation actually solves much more than just late payments. The list can go on.
Your Virtual Credit Manager
NOVEMBER 14, 2023
It affects the level of bad debt loss (uncollected Accounts Receivables) you suffer. Selling only to financially strong customers reduces the risk of bad debt loss, (and the cost of Credit and Collections activity required). The increased risk of a significant bad debt loss that your firm bears.
Lockstep
JUNE 15, 2022
The credit plan will help your organization reduce bad debt and write-offs. You may want to reduce average outstanding receivables by 5% or decrease bad debt by 10% year-over-year. These first goals are important because they help the credit and collections department understand the purpose and intent.
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. Introduction to Accounts Receivable Automation What is Accounts Receivable Automation? Frequently Asked Questions What is accounts receivable automation?
Emagia
FEBRUARY 20, 2025
Reduced Bad Debt Helps identify at-risk accounts early and take preventive measures. How Emagia Helps Businesses Transform Accounts Receivable Management Why Choose Emagia for AR Automation? Yes, most AR software solutions, including Emagia, integrate with ERP platforms like SAP, Oracle, and Microsoft Dynamics.
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