Your Virtual Credit Manager

FEBRUARY 25, 2025

The experts at Your Virtual Credit Manager have default risk probabilities and other financial benchmarks for analyzing your AR portfolio and revealing actionable credit & collection insights. At some point, collection software and other AR automation tools will make sense. Do you need help improving cash flow?

Bad Debt 130

Bad Debt Credit and Collections DSO Debt Collections 130

Emagia

FEBRUARY 21, 2025

Integration with Existing Systems Ensuring that the new automation tools integrate smoothly with current accounting and ERP systems can be complex and requires careful planning. Data Accuracy and Management Maintaining accurate and up-to-date customer data is crucial for the success of AR automation.

AR Automation 40

AR Automation Days Sales Outstanding DSO AR Metrics 40

Your Virtual Credit Manager

NOVEMBER 14, 2023

Those that are too weak for you to extend credit will require up front payments — find the payment format (COD, Cash In Advance, down payment, credit card, etc.) Try to get a guaranty from a financially strong related party who will pay the AR if the customer defaults. that is most compatible with the customer.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Emagia

MARCH 3, 2025

Collections Management Effective collections management involves tracking overdue invoices and implementing escalation strategies for persistent defaulters. Reporting and Analysis Regular analysis of AR reports helps in identifying trends, optimizing cash flow , and improving decision-making. Use automated reminders to reduce delays.

DSO 40

DSO Days Sales Outstanding AR Reporting Credit and Collections 40

Emagia

FEBRUARY 5, 2023

If the automated AR application can alert the collection team about the probability of any payments getting overdue, they can proactively reach out to such customers to try mitigating the risk of a likely payment defaults. Being able to raise correct invoice on time helps you get paid on time.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Gaviti

FEBRUARY 6, 2023

Digitalizing manual AR processes can be the single biggest improvement an AR team makes to its workflow, though care must be taken to make changes carefully and deliberately, lest the transformative nature of automation disrupts more processes than was originally intended.

AR Automation 52

AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 52

Serrala

OCTOBER 31, 2022

You will still need to stay on top of late payments, but your new end-to-end AR automation solution will up your cash application game. Automating easily across the entire scope of your cash flow process will help mitigate any security concerns, but also enable you to sidestep potential skills shortages. Interested in a demo?

Cash Applicator 52

Cash Applicator DSO Days Sales Outstanding AR Automation 52