Your Virtual Credit Manager

FEBRUARY 25, 2025

To better deal with these customers, it is helpful to segregate them into three groups: Those who are financially strong (low credit risk) and are trying to increase their cash position through late payments. At some point, collection software and other AR automation tools will make sense.

Bad Debt 130

Bad Debt Credit and Collections DSO Debt Collections 130

Your Virtual Credit Manager

NOVEMBER 14, 2023

If you discuss credit terms with a competitor, you are in violation of anti-trust statutes forbidding price fixing. 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.) that is most compatible with the customer.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

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 Credit and Collections DSO 52

Serrala

MARCH 14, 2024

With our AI-powered cash application, AP automation, collections and disputes, and Bill Pay solutions, your company can achieve high AR automation, collections, and payment matching rates of up to 99%. sites/default/files/styles/webp/public/202403/bg-industry-desktop.jpeg.webp?itok=sioB6G6S section-marketo-background').length>0){

Credit and Collections 52

Credit and Collections Automated Cash Application Cash Applicator Bad Debt 52

Serrala

MARCH 14, 2024

With our AI-powered cash application, collections and disputes, credit risk management, and Bill Pay solutions, your company can achieve high AR automation and payment matching rates of up to 99%. sites/default/files/styles/webp/public/202403/bg-industry-desktop.jpeg.webp?itok=sioB6G6S section-marketo-background').length>0){

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk AR Automation 52

Your Virtual Credit Manager

MARCH 11, 2025

Before the turn of the century, the answer would have been collection automation or remittance processing software because they provided the greatest return on investment. For an overview of the different types of O2C automation solutions and why they work, check out The Dynamics Behind AR Automation.

Days Sales Outstanding 130

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