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How Are Your Customers Doing?

Your Virtual Credit Manager

We often talk about the importance of having an efficient and effective collection process and how, from a process improvement perspective, collections automation provides substantial benefits. We don’t, however, want to minimize the importance of the credit side of the equation.

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Is It Too Late to Achieve Your End-of-Year DSO Goals?

Your Virtual Credit Manager

Your Virtual Credit Manager is a reader-supported publication. For a masterclass on Credit Department Digital Transformation , join David Schmidt online December 3, 2024, at 1:30 PM EDT. If you have collection automation software, you end of the year communication strategy should be embedded into your collection workflow 9.

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It's Time for a Layered Approach to Collections

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. More About Purchasing Credit Reports Over time, insights gained from this approach can inform risk assessments for new accounts, which you can use to refine your credit risk parameters.

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Strategies for Navigating Elevated Interest Rates

Your Virtual Credit Manager

To continue reading and learn ten ways to protect your company from rising interest rates — the first nine are directly related to receivables management — you need to be a paid subscriber to Your Virtual Credit Manager. If they cannot pay on time, they are not worth the additional collection effort.

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The Nine Essentials of a Successful Collection Call

Your Virtual Credit Manager

A Cautionary Tale… As a corporate credit manager, I periodically was tasked with other finance department activities. Do you need help collecting past due receivables or understanding your customer portfolio risks? Learn More About Credit Reports Please share this newsletter with your small business customers.

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Best Accounts Receivable (AR) Automation Software Vendor

Emagia

Its AI-driven analytics provide predictive insights, allowing businesses to optimize cash flow management and minimize overdue payments. End-to-End Automation Emagia streamlines the entire order-to-cash cycle, reducing manual intervention and accelerating payment collection.

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Divide and Conquer Your Past Due AR

Your Virtual Credit Manager

Using such a worksheet, you will be all set to commence your prioritized collection efforts. The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. What do you need help doing? We are currently offering 33% off our standard SMB consulting rates.