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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. Do you need help improving cash flow?

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

Your Virtual Credit Manager

The experts at Your Virtual Credit Manager have default risk probabilities and other financial benchmarks for analyzing your AR portfolio and revealing actionable credit & collection insights. 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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Strategies for Navigating Elevated Interest Rates

Your Virtual Credit Manager

Implementing robust credit policies, including thorough credit checks and tight credit terms, minimizes default risks. Offering early payment discounts and leveraging technology will streamline invoicing and collection processes, ultimately strengthening financial resilience against fluctuating economic conditions.

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AI Agents for Collections Management Software: Transforming Accounts Receivable with Automation & Intelligence

Emagia

How Emagia Revolutionizes Collections Management Emagia stands at the forefront of AI-powered collections automation, offering a suite of tools designed to transform traditional accounts receivable processes. Can AI agents help in reducing bad debt? How do AI-driven dunning emails work?

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The Nine Essentials of a Successful Collection Call

Your Virtual Credit Manager

Also, by putting the call results in a written communication to your customer, you are creating a valuable paper trail should the customer default. Confirming promised payment amounts and dates will expose any ambiguity and discourage further payment delays.

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DEBT COLLECTION INDIA: NEW TRENDS IN 2023

MNS Credit Management Group

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?

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The Case for Electronic Invoice Presentment and Payment

Your Virtual Credit Manager

Before the turn of the century, the answer would have been collection automation or remittance processing software because they provided the greatest return on investment. The first question an organization must face in their journey to digitize their O2C process is: where should we begin? Do you need help improving cash flow?