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Four Goals Guaranteed to Improve Cash Flow

Your Virtual Credit Manager

Hopefully, that is why you are reading Your Virtual Credit Manager. If your AR has a sizable balance over 90 days past due, you should make it a top priority to make your final calls, send the final demand letters, and if necessary refer the account to a third party collection agent.

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Divide and Conquer Your Past Due AR

Your Virtual Credit Manager

Using such a worksheet, you will be all set to commence your prioritized collection efforts. The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. We cover more about working with collection agencies in this article.

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Red Flags, Slow Payments, and Collection Secrets

Your Virtual Credit Manager

In our case, we found our readers had an affinity for articles on identifying collection risks and the best ways of dealing with past due balances. Photo by Kelly Sikkema on Unsplash ) We are therefore providing you with an overview of three very popular articles along with links to the originals. What do you need help doing?

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What Triggers Your Collection Efforts?

Your Virtual Credit Manager

In addition, collection strategies help you prioritize collection activities and provide a formula for escalating your collection efforts when payment is not forthcoming. For more on systematic collections, check out this article from YVCM’s “Basics Department.”