Your Virtual Credit Manager

MARCH 14, 2023

A large percentage of past due invoices are caused by up-stream problems in the order-to-cash process. You also need to be requesting payment from any customer that has placed a new order and is past due beyond a small grace period. For more on collection efficiency, check out this article.

Collector 189

Collector Past Due Invoices Credit and Collections Bad Debt 189

Your Virtual Credit Manager

JANUARY 17, 2023

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. it just might help them pay you sooner! Revenue or Profits?

Credit and Collections 246

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

Your Virtual Credit Manager

APRIL 11, 2023

In fact, a hands off approach will only serve to compound the weaknesses in your order-to-cash (O2C) process. Late or inconsistent follow-up on overdue accounts leads to longer payment cycles and increased bad debt write-offs. Accounts Receivables (AR) require active management. Laissez-faire doesn’t cut it.

Bad Debt 130

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

Gaviti

JULY 11, 2024

By centralizing data in one place, you’ll allow for A/R and finance teams as well as marketing, sales and procurement to see metrics such as days sales outstanding (DSO), unique KPIs and customer risk assessments. Make better credit decisions, lower DSO, and reconcile payments with near perfection. Schedule a demo to learn more.

DSO 52

DSO AR Automation Credit and Collections Bad Debt 52

Your Virtual Credit Manager

SEPTEMBER 13, 2022

If not approved, there should be an attempt to collect the disputed amount to avoid diluting profits, and if not collected, the deduction should be cleared by a bad debt write-off. One company that took a Six Sigma approach to eliminating deductions realized a 15 percent improvement to DSO. Well, it’s not.

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Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Emagia

FEBRUARY 5, 2023

Businesses need quick order to cash conversion that is supported by an efficient account receivable processes. Cash flow and working capital benefit substantially from a reduced days sales outstanding (DSO) achieved with the help of AR automation tool. How Does an Efficient AI-powered AR Software Benefit Businesses?

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

TreviPay

APRIL 11, 2023

Outsource risk, and in doing so remove receivables from their balance sheet to improve/eradicate late payments and DSO. TreviPay’s scalability and business process outsourcing enabled the client to optimize and reallocate their human capital from the order-to-cash process flow in a cost-effective manner. Why TreviPay?

DSO 52

DSO Bad Debt Credit and Collections Order to Cash 52

Serrala

MARCH 14, 2024

Helping you to put an end to bad debt and write-offs, eliminate errors, and provide you and your customers with the transparency and experience that helps reduce churn and improve your position. Read more Stay secure and compliant safeguard your business against legal, data, cyber, and financial risk with minimal overhead.

Credit and Collections 52

Credit and Collections Automated Cash Application Cash Applicator Bad Debt 52

Gaviti

MARCH 6, 2023

A cash application is a type of software that helps businesses manage money. It streamlines the order-to-cash cycle so that businesses can make operations more effective. Additionally, cash applications are only one of many ways to use tech to improve your cash conversion ratio.

Cash Applicator 52

Cash Applicator Order to Cash Cash Forecasting Bad Debt 52

Credit Research Foundation

APRIL 12, 2024

In essence, the customer has payment options that, coupled with today’s digital platforms, provide a seamless opportunity in the order-to-cash process. In many cases the customers will choose the option that provides them with the greatest value, and when offered, gives the supplier a competitive advantage against its competition.

Credit Card Companies 195

Credit Card Companies B2B Credit Bad Debt DSO 195