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. Since they are abusing your credit terms, why not require them to pay with a credit card when they place an order? That requires a balancing act.

Bad Debt 130

Bad Debt Credit and Collections DSO Debt Collections 130

Your Virtual Credit Manager

JANUARY 3, 2023

Share How to Clean Up Your AR Ledger Launch a collection program to collect all past due invoices at least 15 days late. Clear from your AR ledger as many of the clutter transactions as possible. During 1995, DSO was reduced by an additional 10 percent, and bad-debt write-offs cut in half.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

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.

AR Automation 130

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

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?

AR Automation 40

AR Automation Credit and Collections Cash Applicator DSO 40

Lockstep

JULY 27, 2022

-based B2B sales are paid using customer credit, knowing how much credit to extend and to which customers is of dire importance. Customer credit has become a more popular form of payment in both B2B and consumer transactions. However, there are also some risks associated with offering customer credit, including: .

Credit Scoring 89

Credit Scoring Accounts Receivable (AR) Bad Debt AR Automation 89

Emagia

MARCH 3, 2025

Customer Relationship Management : A structured AR process helps maintain transparency and fosters trust between businesses and customers. Financial Stability : Reducing outstanding receivables minimizes bad debts and improves financial health. Use automated reminders to reduce delays.

DSO 40

DSO Days Sales Outstanding AR Reporting Credit and Collections 40

Emagia

FEBRUARY 5, 2023

These days, with various data points related to your customers available in the public domain and technologies available to collect and analyze them in the way it is required, the credit authorization process is mostly driven by data and analytics provided by AR automation tools.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52