article thumbnail

What Triggers Your Collection Efforts?

Your Virtual Credit Manager

In contrast, legitimate disputes and payment deductions are typically indicative of a discrepancy between your invoice and the customer’s purchase order, which can be easily reconciled. Collection Activity: Monitor debtor activities for signs of asset transfers or corporate restructuring designed to evade debt obligations.

article thumbnail

Twenty Action Priorities for Credit & Collections Managers

Trade Credit & Liquidity Management

Establish Performance and Efficiency Targets Credit review and decision turnaround Collections performance Timeliness and accuracy of Cash Application Deduction Management Invoice Accuracy and Billing Cycle 10. Review the Current Cash Application Process Implement automated and AI solutions when appropriate 14.