Remove Bad Debt Remove Credit Management Remove Past Due Invoices
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Position Your AR to Enhance Working Capital

Your Virtual Credit Manager

Who absorbs any potential bad debt loss — does the lender have recourse to return the AR if they cannot collect it versus a non-recourse arrangement? Who performs the Credit & Collection activities — you or the finance company? Your Virtual Credit Manager is a reader-supported publication.

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Avoid these Six Collection Myths

Your Virtual Credit Manager

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. Learn More About Credit Reports 5.

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Balancing Credit Sales with Profits

Your Virtual Credit Manager

(Photo by Aziz Acharki on Unsplash ) Because Credit Policy is a part of Sales Policy, how you manage credit impacts company profits. How then does your Credit Policy affect your overall profitability? It affects the level of bad debt loss (uncollected Accounts Receivables) you suffer.

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Sales Commissions Impact the Collection Process

Your Virtual Credit Manager

Readers of Your Virtual Credit Manager now have access to sharply discounted business credit reports from D&B, Experian, or Equifax through our partner Accredit. Buy Credit Reports But, On the Other Hand. it just might help them pay you sooner! Risk of losing or demotivating some productive salespeople.

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Effectively Collecting Receivables Is a Time Management Challenge

Your Virtual Credit Manager

Effective collections can also reduce bad debt losses by compensating for a liberal or weak Credit Control function. Simply defined, collections is the process of contacting customers to secure payment for your invoices. This way everyone knows what actions will be taken with moderately to severely past due customers.

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Is Your O2C Process Optimized for Superior AR Performance?

Your Virtual Credit Manager

To continue reading and learn how to recognize O2C shortcomings along with seven critical factors for AR success you must be a paid subscriber to Your Virtual Credit Manager. Do you need help assessing your customers’ credit risks? Delaying collection activities can lead to reduced cash flow and bad debt losses.

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Debt Collection Mistakes Can Prove Costly

Your Virtual Credit Manager

The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit.