Your Virtual Credit Manager

DECEMBER 5, 2023

Make Your Virtual Credit Manager your trusted source for expert advice on Credit & Collection Management Best Practices : credit extension, risk mitigation, debt recovery, cash flow enhancement and more. In most cases, you will be able to embed your Collection Strategies in the these types of software solution.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Third Party Collections Credit Risk 130

Gaviti

APRIL 11, 2024

But, without the right capabilities, it will feel like an uphill battle.

Bad Debt 98

Bad Debt Credit and Collections Collection Effectiveness Index DSO 98

Your Virtual Credit Manager

JANUARY 3, 2023

This included a 100 percent increase in past due collected. For the full story, check out “ Power Collecting: Automation for Effective Asset Management ,” Piumelli and Schmidt (Wiley 1998), pages 11-14 & 129. During 1995, DSO was reduced by an additional 10 percent, and bad-debt write-offs cut in half.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

NOVEMBER 19, 2024

Leverage Technology As much as possible, use automated email reminders and messages to maintain consistent follow-ups without overwhelming your team. If you have collection automation software, you end of the year communication strategy should be embedded into your collection workflow 9.

DSO 100

DSO AR Metrics Credit and Collections Accounts Receivable (AR) 100

Grit

JULY 13, 2024

These tools offer features that streamline data collection, automate segmentation, personalize marketing campaigns, and provide real-time insights. Streamlined Data Collection and Analysis Atom8 B2B from GritGloba l helps streamline the data collection and analysis process, making gathering and interpreting customer information easier.

Collections Automation 52

Collections Automation 52

Gaviti

OCTOBER 13, 2024

The Role of AI in the B2B Collections Process To address the challenges above, many businesses have turned to B2B collections automation, which automates collections , one of the main elements of A/R that is tedious and prone to manual error. This can lead to frustrated customers and damage relationships.

Credit and Collections 59

Credit and Collections Automated Cash Application Bad Debt Collections Automation 59

Grit

OCTOBER 3, 2024

Dynamic Pricing Strategies : Automation enables the implementation of dynamic pricing strategies that respond to market conditions, competitor prices, and customer demand in real-time. This centralized data collection facilitates better analysis and decision-making.

Collections Automation 52

Collections Automation Transactions 52

Grit

APRIL 23, 2024

Data Collection Automated systems help you collect and store order execution-related data. Order Execution Technicians have access to comprehensive information regarding the work order, such as the necessary parts, instructions, and pertinent paperwork.

Collections Automation 52

Collections Automation 52

Gaviti

NOVEMBER 7, 2022

They managed to use their admin at 48% because these automated systems successfully handled multiple thresholds. Collections automation has an even better effect. This, in turn, reduced the rate of AP fraud. It also reduced staffing needs. Because you spend less, profits are higher. .

DSO 52

DSO Credit and Collections Dashboards Cash Forecasting 52

Gaviti

OCTOBER 10, 2024

As an autonomous invoice-to-cash solution, its AI-copilot works throughout the A/R lifecycle to make workflow and communication suggestions in real-time, automating as much as possible yet also giving your staff the tools to operate the most efficiently on their own when necessary.

Invoice to Cash 52

Invoice to Cash Credit and Collections DSO Payment Portals 52

Emagia

JUNE 21, 2024

Seamless integration with third-party credit agencies for easy credit information collection. Automated credit score calculation based on customer history, behavior, and agency-sourced scores. Key features include: Replacing manual signatures with digital signatures.

B2B Credit 40

B2B Credit Credit Application Digital Credit Application Credit and Collections 40

MNS Credit Management Group

MAY 28, 2022

Digital debt collection improves efficiency and collection technology trend rates even in remote places while lowering recovery costs and reducing delinquencies. What is the Operating system for Debt Collection?

Debt Collections 52

Debt Collections Collector Credit and Collections Bad Debt 52

Lockstep

MAY 4, 2022

Is your AR aging creeping beyond resolution? Are you even able to review and report on your aging accounts receivable? The role of accounts receivables (AR) teams is increasingly important as the backbone of your organization’s financial health.

AR Automation 83

AR Automation Accounts Receivable (AR) AR Aging Credit and Collections 83

Lockstep

JUNE 1, 2022

As the Federal Reserve tightens interest rates at the highest level in over 20 years, it’s a good time to review your manual accounts receivable (AR) processes to seek out your unresolved cash traps. Even with rates on the rise, bank lending is accelerating faster than in recent years.

AR Automation 78

AR Automation Accounts Receivable (AR) DSO Credit and Collections 78

Emagia

MAY 16, 2023

The average collection period is an important accounting metric that evaluates a company’s ability to manage its accounts receivable (AR) effectively. It measures the time it takes for the business to collect payments from its clients, which reflects its cash flow effectiveness and ability to meet short-term financial obligations.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections DSO Credit Sales 52

Lockstep

APRIL 13, 2022

Is your AR Aging creeping beyond resolution? Are you even able to review and report on your aging accounts receivable? The role of accounts receivables (AR) teams is increasingly important as the backbone of your organization’s financial health.

Accounts Receivable (AR) 52

Accounts Receivable (AR) AR Automation AR Aging Credit and Collections 52

Lockstep

APRIL 20, 2022

Today’s accounting teams rely on several disconnected, disparate systems to close the books. Accounting processes rely on the notion of being able to share accounting data back and forth. This is true not only with trading partners (customers and vendors), but with financial institutions and auditors, as well.

Days Sales Outstanding 52

Days Sales Outstanding DSO Collections Automation 52