Your Virtual Credit Manager

AUGUST 29, 2023

Effective collections are crucial to maintaining a healthy cash flow and the financial stability of your company. If your business is struggling with cash flow or AR balances are growing, it could be a sign that your collections policy requires updating. There are a myriad of issues that can affect collections.

DSO 130

DSO Credit and Collections Bad Debt Collection Effectiveness Index 130

Your Virtual Credit Manager

JUNE 25, 2024

Rising Days Sales Outstanding DSO measures the average number of days it takes to collect payment after a sale. A rising DSO indicates that your collections are not matching the rate of new sales, and if that goes on for any length of time, your cash flow will not be able to support the volume of your current business operations.

Bad Debt 130

Bad Debt Credit and Collections DSO Days Sales Outstanding 130

Your Virtual Credit Manager

OCTOBER 2, 2024

Who absorbs any potential bad debt loss — does the lender have recourse to return the AR if they cannot collect it versus a non-recourse arrangement? Who performs the Credit & Collection activities — you or the finance company? Your Virtual Credit Manager is a reader-supported publication.

Past Due Invoices 130

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

Emagia

OCTOBER 27, 2023

The increasing use of generative AI (GenAI) – a key technology driving the exponential transformation of finance and business landscapes – is drastically changing the receivable collection tasks, making a greater impact on the cash flow and therefore the health of organizations. This increases the likelihood of timely collection.

Credit and Collections 64

Credit and Collections Cash Applicator Current Receivables 64

Waystar

APRIL 25, 2023

Days in receivables outstanding (DRO) DRO is arguably the best overall indicator for how quickly your organization turns receivables into cash. Percent of receivables over 120 days Observe your aged trial balance, and focus on receivables over 120 days. medical billing metriC: 3.

Medical Billing 98

Medical Billing Dashboards Credit and Collections Current Receivables 98

Gaviti

SEPTEMBER 7, 2023

It includes both the current receivables and overdue invoices. DSO Formula (Ending Total Receivables ÷ Total Credit Sales) x Number of Days What Is the ‘Best Possible’ DSO? It is virtually impossible to arrive at the same number for both, no matter how good your credit policies are. What Is ‘Standard’ DSO?

DSO 52

DSO Days Sales Outstanding Past Due Invoices Credit and Collections 52

Fundera

JULY 1, 2020

This would allow business owners to collect unemployment if your business temporarily closed due to COVID-19, if you’ve temporarily had to stop working due to a high risk of exposure, if you’ve had to care for a sick family member, or if you’re temporarily quarantined due to contracting coronavirus or being required to isolate—among other reasons.

Small Businesses 104

Small Businesses Credit and Collections Current Receivables 104