Your Virtual Credit Manager

JANUARY 17, 2023

The sales team learned very quickly that eliminating the friction from the billing and payment processes facilitated earlier customer payments, hence larger commissions. The bottom line was a 13 percent reduction in Days Sales Outstanding (DSO) over a 6 month period in conjunction with invoice accuracy rising above 90 percent.

Credit and Collections 246

Credit and Collections Accounts Receivable (AR) Days Sales Outstanding Past Due Invoices 246

Gaviti

FEBRUARY 4, 2025

Use data-driven insights to improve customer segmentation and prioritize high-risk accounts. Monitor key performance indicators ( KPIs ) like Days Sales Outstanding (DSO) and collection effectiveness to track progress. Reassess what data you are using to measure success.

Average Days Delinquent 59

Average Days Delinquent Credit and Collections AR Metrics DSO 59

Your Virtual Credit Manager

NOVEMBER 1, 2022

Effective collections can also reduce bad debt losses by compensating for a liberal or weak Credit Control function. The task is twofold: Optimizing cash inflows (and avoiding bad debt) confined by the number of requests for payment that can be made within a specified time period.

Credit and Collections 130

Credit and Collections Past Due Invoices Bad Debt Accounts Receivable (AR) 130

Your Virtual Credit Manager

APRIL 11, 2023

Poor Credit Controls: Poor credit control practices can result in providing goods or services to high-risk accounts that are likely to pay beyond terms or even default on payments. Late or inconsistent follow-up on overdue accounts leads to longer payment cycles and increased bad debt write-offs.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Days Sales Outstanding 130

Emagia

FEBRUARY 5, 2025

In terms of accounts receivable , this means you can track a customers payment history, assess their current creditworthiness, identify any overdue payments, and tailor your communication strategies based on their unique characteristics. The Importance of Customer 360-Degree View for CFOs and AR Teams 1.

AR Automation 40

AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 40