Your Virtual Credit Manager

FEBRUARY 25, 2025

A customer that pays on time does not require any collection efforts. Those who sometimes pay on time only require a collection effort when they pay late; getting them to pay is usually not difficult. Customers who chronically pay late are another matter, especially those who regularly pay well beyond your terms of sale.

Bad Debt 130

Bad Debt Credit and Collections DSO Debt Collections 130

TreviPay

JANUARY 11, 2023

An important player in effective cash flow management is days sales outstanding (DSO). DSO is the average number of days a company takes to collect a customer’s payment for a sale. Part of the cash conversion cycle, DSO is also sometimes referred to as “days receivables” or “cash collection period.”.

Days Sales Outstanding 98

Days Sales Outstanding DSO Credit and Collections Alternative Payment Methods 98

Chaser

MARCH 29, 2023

That’s where Days Sales Outstanding (DSO) comes into play. One of the key factors that can impact your business’s cash flow is the time it takes for your customers to pay for the goods or services you’ve provided.

Days Sales Outstanding 97

Days Sales Outstanding DSO 97

Your Virtual Credit Manager

SEPTEMBER 3, 2024

As businesses grow and add customers, there comes a point when collections become a burden. Photo by Towfiqu barbhuiya on Unsplash The first step toward a dedicated collection effort involves prioritization. This is a simple matter of efficiency aimed at collecting the most possible dollars with a minimum of effort.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Days Sales Outstanding DSO Credit and Collections 130

Your Virtual Credit Manager

NOVEMBER 19, 2024

Chances are, there is a lot that needs to be done in terms of accounts receivable (AR) management between now and December 31st, especially if you are short of your Days Sales Outstanding (DSO) goals. Photo by B C on Unsplash ) The biggest problem—there probably are not enough days left to get everything done.

DSO 100

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

Your Virtual Credit Manager

JANUARY 30, 2024

The evolution of Accounts Receivables (AR) automation has revolutionized our collection strategies. Manual collection processes centered on an aged accounts receivable trial balance (ARTB) lack the regimentation and efficiency brought about by automation. For a more in depth discussion of systematic collections, click here.

Credit and Collections 130

Credit and Collections Collector Accounts Receivable (AR) Days Sales Outstanding 130

Gaviti

NOVEMBER 24, 2024

The sooner your business collects on its invoices, the lower your financial risks and the better your financial position. One of the fastest ways to do this is via collections process automation to streamline the A/R process, eliminate manual tasks, and ensure timely follow-up with customers.

Credit and Collections 52

Credit and Collections DSO Average Days Delinquent Collection Effectiveness Index 52

Gaviti

SEPTEMBER 23, 2024

Optimizing your collections process is crucial for cashflow. The better you optimize collections procedures and tasks, the more efficient and effective your A/R becomes. Two critical key performance indicators (KPIs) that help your accounts receivable team optimize collections are receivables turnover and days sales outstanding (DSO).

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Credit Sales 52

Your Virtual Credit Manager

FEBRUARY 27, 2024

For a small business owner or executive, navigating credit decisions can be challenging, especially when they clash with the goals of other stakeholders within the company. It's essential, however, for everybody to recognize that credit decisions also have broader implications across various aspects of company operations.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Bad Debt Days Sales Outstanding Credit and Collections 130

Your Virtual Credit Manager

NOVEMBER 1, 2022

Photo by Kenny Eliason on Unsplash Effective collections is the single most important factor for achieving reliable cash inflows. Effective collections can also reduce bad debt losses by compensating for a liberal or weak Credit Control function. The solution to the collections challenge therefore starts with Prioritization.

Past Due Invoices 130

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

TreviPay

MAY 12, 2023

Days sales outstanding (DSO) is another good example. What is days sales outstanding (DSO)? Days sales outstanding (DSO) (also known as days receivables or cash collection period ) is a measure used to help determine the state of businesses’ collection process.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Total Receivables 52

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

APRIL 2, 2024

Commercial credit scores predict the likelihood of a business fulfilling its financial obligations, particularly regarding debt repayment and trade credit. Commercial credit scores are often not as well understood as consumer credit scores such as FICO. Photo by Element5 Digital on Unsplash First, a little background.

Credit Scoring 130

Credit Scoring Credit and Collections Bad Debt Credit Risk 130

Collenda

NOVEMBER 1, 2024

The Role of ESG in Credit Risk Management As stakeholders increasingly demand accountability in corporate practices, banks are called to align their operations with ESG principles.

Credit Risk 52

Credit Risk Days Sales Outstanding Credit and Collections DSO 52

Emagia

DECEMBER 30, 2024

This comprehensive guide delves into whether accounts receivable is recorded as a debit or credit, the principles of double-entry bookkeeping, and the implications for financial statements. The Role of Debits and Credits in Accounting In accounting, debits and credits are fundamental concepts used to record transactions.

Accounts Receivable (AR) 40

Accounts Receivable (AR) Days Sales Outstanding Credit and Collections Bad Debt 40

Emagia

NOVEMBER 6, 2024

In this guide, we will explore how to accurately compute Days Sales Outstanding (DSO), a critical component for assessing a company’s efficiency in collecting receivables. A lower DSO indicates efficient collection processes, while a higher DSO suggests potential cash flow issues.

DSO 40

DSO Days Sales Outstanding Credit and Collections Credit Sales 40

Gaviti

FEBRUARY 27, 2025

Credit Congress & Expo Dates: May 1821, 2025 Location: Cleveland, Ohio Website: Credit Congress & Expo 2025 Credit is a vital component of accounts receivable health. The National Association of Credit Management (NACM) hosts the annual Credit Congress & Expo, focusing on business credit and financial management.

Invoice to Cash 66

Invoice to Cash Payment Portals Credit and Collections Days Sales Outstanding 66

Gaviti

FEBRUARY 4, 2025

With increased interest rates and inflation, businesses are facing increasing pressure to collect cash faster. In 2025, successful businesses will: Analyze payment trends to refine credit terms and collection strategies. Many traditional KPIs, like DSO, are not always a good indicator of collection success.

Average Days Delinquent 59

Average Days Delinquent Credit and Collections AR Metrics Accounts Receivable (AR) 59

Gaviti

JUNE 19, 2023

Effective communication is the most critical aspect of any A/R collections strategy. But how do you create outstanding invoices and follow-up notices that convert bills into cash? Even so, there are some basics you can apply across most templates you may use for collections.

Days Sales Outstanding 98

Days Sales Outstanding Credit and Collections Payment Portals DSO 98

Emagia

FEBRUARY 21, 2025

Understanding Accounts Receivable Accounts receivable represent the outstanding invoices a company has or the money clients owe the company for goods or services provided on credit. Best Practices for Managing Accounts Receivable Establish Clear Credit Policies Define the criteria under which customers are extended credit.

Days Sales Outstanding 40

Days Sales Outstanding DSO Bad Debt Credit and Collections 40

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. Increasing Over 90 Day Past Due Receivables It’s important to actively monitor your over 90 past dues because beyond that point invoices are increasingly difficult to collect.

Bad Debt 130

Bad Debt Credit and Collections Days Sales Outstanding DSO 130

Your Virtual Credit Manager

JUNE 11, 2024

My first exposure to the power of accounts receivable (AR) automation came in 1990 when I was credit manager at ERICO Fasteners, a mid-market, specialty metals manufacturer. During the 10 years I’d been in business credit, I had never seen anything like it. Our problems, however, were systemic.

AR Automation 130

AR Automation DSO Collector Accounts Receivable (AR) 130

Your Virtual Credit Manager

FEBRUARY 20, 2024

Financial Health Priorities: Organizations may have specific financial health priorities such as improving liquidity, managing working capital, or reducing credit risk. The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. Where do you need to improve?

DSO 130

DSO Days Sales Outstanding Credit and Collections Accounts Receivable (AR) 130

Emagia

DECEMBER 3, 2024

Managing credit approvals, invoicing, collections, and deductions manually can be overwhelming, error-prone, and inefficient. Manufacturing: Global manufacturers often deal with complex credit risks and diverse customer bases. Speed: Accelerate cash cycles and improve collections with AI-driven insights and automation.

Days Sales Outstanding 52

Days Sales Outstanding Revenue Recognition DSO Credit and Collections 52

Lockstep

JUNE 15, 2022

For B2B businesses, credit management is essential for accounts receivable (AR) management success. Proper, healthy credit management allows for steady cash flow, better collections management and a manageable days sales outstanding (DSO). . Getting Started . External and Supporting Data .

AR Automation 91

AR Automation Bad Debt DSO Accounts Receivable (AR) 91

Gaviti

JANUARY 8, 2023

It adds an extra step to credit extension and A/R processes, but it saves organizations time they would otherwise spend hunting payments for invoices. How Prioritization Strategies Improve Collections Performance. Accounts Receivable teams can use prioritization strategies to increase the efficiency of their collections process.

Credit and Collections 98

Credit and Collections Days Sales Outstanding DSO High-Risk Accounts 98

Emagia

DECEMBER 4, 2024

Manufacturing Manufacturers often juggle extensive customer bases, complex credit risks, and high invoicing volumes. Emagia provides tools to: Automate credit management and collections. Reduce Days Sales Outstanding (DSO). Improves collections efficiency. Emagia: Automates invoicing and collections.

Revenue Recognition 52

Revenue Recognition Credit and Collections Days Sales Outstanding Deductions 52

Emagia

NOVEMBER 7, 2024

DSO Mean DSO, or Days Sales Outstanding, is a key financial metric that measures the average number of days it takes for a company to collect payment after a sale. Importance of DSO Mean The DSO mean provides insights into a company’s efficiency in collecting receivables.

DSO 40

DSO Days Sales Outstanding Credit and Collections Dashboards 40

Emagia

MARCH 3, 2025

The Accounts Receivable (AR) Process Cycle is a fundamental component of a company’s financial operations, encompassing the series of actions taken to manage and collect payments owed by customers for goods or services provided on credit. A structured dispute resolution process minimizes delays in payment collection.

Days Sales Outstanding 40

Days Sales Outstanding DSO AR Reporting Credit and Collections 40

Emagia

NOVEMBER 7, 2024

which stands for Days Sales Outstanding, is a financial metric used to measure the average number of days it takes for a company to receive payment after a sale. meaning is essential for evaluating a company’s liquidity and credit management. indicates efficient collections, while a high D.S.O.

Days Sales Outstanding 40

Days Sales Outstanding Credit and Collections Credit Sales Credit Management 40

Your Virtual Credit Manager

SEPTEMBER 10, 2024

To optimize the order-to-cash (O2C) process, it's crucial to understand the significant role Credit and Collections plays. This function must collaborate closely with sales, fulfillment, shipping/logistics, and accounting, all of which are integral to converting an order into cash.

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

Gaviti

OCTOBER 30, 2023

What are the Benefits of Autonomous Finance in A/R Collections? Automating manual tasks such as A/R invoice collections and account reconciliation eliminates these tasks that are prone to human error. As a result, businesses can increase productivity in their A/R collections teams without hiring additional staff.

Days Sales Outstanding 75

Days Sales Outstanding Invoice Collections Credit and Collections DSO 75

Your Virtual Credit Manager

MAY 14, 2024

If conditions are satisfactory and all your credit and collection assignments have been completed, you can then address the many other tasks and challenges requiring your attention. Do you need help collecting past due receivables or understanding your customer portfolio risks? Why Are Metrics Needed if You Have an AR Ledger?

AR Metrics 130

AR Metrics DSO Credit and Collections Accounts Receivable (AR) 130

Emagia

NOVEMBER 11, 2024

Meaning of DSO The meaning of DSO (Days Sales Outstanding) refers to the average number of days it takes a company to collect payment after a sale. Calculating DSO DSO is calculated by dividing accounts receivable by total credit sales and multiplying by the number of days in the period.

DSO 40

DSO Days Sales Outstanding Credit and Collections Credit Sales 40

Gaviti

DECEMBER 18, 2024

Different types of reports include an accounts receivable aging report, customer balance reports, collections performance reports, and cash flow forecasting reports. Track A/R performance metrics and KPIs such as collection rates, total A/R, DSO, customer risk, collective effectiveness index (CEI) and accounts receivable turnover ratio (ART).

Collection Effectiveness Index 52

Collection Effectiveness Index DSO Credit and Collections Invoice to Cash 52

Emagia

FEBRUARY 21, 2025

By automating tasks such as invoicing, payment tracking, and collections, businesses can reduce manual intervention, minimize errors, and accelerate the order-to-cash cycle. This ensures prompt and secure payment collection. Benefits of Automating Accounts Receivable 1.

AR Automation 40

AR Automation Days Sales Outstanding DSO AR Metrics 40

Your Virtual Credit Manager

FEBRUARY 21, 2023

Subscribe now Days Sales Outstanding (DSO) From a credit perspective, DSO isn’t our favorite metric, but it is a standard used by accounting and finance professionals to reflect receivables turnover. The higher the percentage, the more effective your collection efforts. it just might help them pay you sooner!

DSO 130

DSO Credit and Collections Collection Effectiveness Index Bad Debt 130