Your Virtual Credit Manager

MARCH 14, 2023

Collectors spend most of their time asking for payments While it is true collectors are constantly requesting payment of past due balances, once that request is made they end up spending most of their time resolving disputes and invoice discrepancies. Here’s an article on overcoming collection excuses.

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Collector Past Due Invoices Bad Debt Credit and Collections 189

Your Virtual Credit Manager

JULY 2, 2024

The author of this article, David Schmidt, will be leading this webinar, which reviews the fundamental skills required to successfully collect past due B2B invoices. An example where trust matters involves situations where the customer wants an order shipped while they still owe on a past due invoice.

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Collector Debt Collections Past Due Invoices Credit and Collections 130

Your Virtual Credit Manager

NOVEMBER 21, 2023

Using a report generator, it should not be difficult to create a report in CSV or XLS format that both lists and totals past due invoices by account. What has been outlined in this article is essentially the initial month of the typically collection strategy, especially for smaller dollar past due balances.

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Credit and Collections Past Due Invoices Small Businesses Credit Management 130

Your Virtual Credit Manager

MAY 28, 2024

Quality control issues that slip through production and or arise during distribution are not usually discovered until after the invoice is billed — most likely by the collector. To help you focus on the real problems, this article will discuss five situations that are commonly at fault.

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Accounts Receivable (AR) Past Due Invoices Credit and Collections Collector 100

Your Virtual Credit Manager

JANUARY 3, 2023

Photo by DESIGNECOLOGIST on Unsplash Editor’s Note: To start off the New Year, we’re bringing back three of the most popular YVCM articles from 2023. We’ve condensed the articles to save you time, but have also provided links to the originals should you want to take a deeper dive.

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AR Automation Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

JANUARY 16, 2024

More About Purchasing Credit Reports In Summary… Businesses leave significant amounts of money on the table by not employing collection best practices and rigorously pursing all past due invoices. Effective debt collection requires a delicate balance between credit analysis and strategic collection efforts.

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Debt Collections Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

NOVEMBER 14, 2023

These customers will require more intense follow up of past due invoices (e.g., at 4-7 days past due versus the two weeks or more that is typical). A clear example of the astuteness of the policies described in this article! However, substantial additional Collection activity may be required.

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Credit Sales Bad Debt Credit and Collections Credit Risk 130