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.
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.
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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. If the additional collection activity looks like it will require adding staff (even part-time), there are AR automation solutions you may consider that are both low-cost and efficient.
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.
Emagia
JUNE 19, 2023
Making Documents for Compliance Needs Businesses present invoices as official documentation to comply with tax regulatory requirements. How AR Automation Changes the Invoicing Process Sending invoices through mail requires time and money. AR automation also increases customer relations because of a user-friendly billing process.
Emagia
AUGUST 19, 2024
Generative AI (GenAI), a more recent evolution in artificial intelligence, is poised to redefine the Finance and Accounting (F&A) landscape, particularly in areas like Order-to-Cash (OTC) and accounts receivable (AR) management. Specifically, the AR automation sector is anticipated to expand from $3.41 billion in 2022 to $9.59
Emagia
JANUARY 22, 2023
By adopting emerging technologies like AI, ML, and Automation, such time-consuming and mundane tasks can be automated. Intelligent forecasting and budgeting supported by automation tools can present unbiased insight into actionable items to help improve the top line, bottom line, and cash flow.
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