Remove Bad Debt Remove Credit Application Remove Order to Cash
article thumbnail

Get Ready for a Wave of Commercial Bankruptcies

Your Virtual Credit Manager

This prediction, although bold, is corroborated by the broader economic data, including escalating corporate bankruptcies, tightening loan standards by banks, and the surge in delinquent debt balances and consumer debt. You may also want to tighten your credit hold parameters at this time. Obtain Quotes on Credit Insurance.

article thumbnail

Is Your AR Generating All the Cash Flow It Should?

Your Virtual Credit Manager

Processing Delays There are several AR activities that often take longer than they should and therefore cause delays: processing credit applications, approving orders, generating invoices, and posting payments. Nothing is more frustrating to the sales team than an order from a new customer that sits waiting for approval.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

AR Data Management, AR Automation, & Accelerating Cash Flow

Your Virtual Credit Manager

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. During 1995, DSO was reduced by an additional 10 percent, and bad-debt write-offs cut in half. This included a 100 percent increase in past due collected.

article thumbnail

Avoid Falling Into These 7 AR Management Traps

Your Virtual Credit Manager

As a small business owner or executive, managing accounts receivable (AR) and navigating through various credit decisions is an integral part of the job. After all, credit and collections is essential to the performance of your order-to-cash (O2C) process and cash conversion cycle.

article thumbnail

Resolve to Be More Proactive in 2024

Your Virtual Credit Manager

In contrast, profit driven enterprises often miss opportunities because they are too restrictive out of a fear of bad debt losses. A segmentation analysis will help you refine your credit policy guidelines and thereby improve the efficacy of your credit decisions. it just might help them pay you sooner!

article thumbnail

7 Best Accounts Receivable (A/R) Automation Software Vendors

Gaviti

Credit monitoring and management. Automate the credit application process by allowing credit application submissions online to both existing and potential customers. This can be especially helpful in maximizing cash inflows and minimizing bad debt. Customized collections strategies.

DSO 52
article thumbnail

Why is B2B Credit Automation Critical in The Digital Era?

Emagia

Top line, bottom line, and cash flow – the three critical components in business – are the barometers of the health of a business, that influence its sustenance and growth. Order To Cash (OTC) is one business process that impacts all these three elements. How AI is Enabling Autonomous Credit for Digital Businesses?