Your Virtual Credit Manager

SEPTEMBER 17, 2024

For small business executives, and many mid-sized businesses as well, managing collections effectively can be a significant challenge, particularly when time and resources are limited. To improve your collection efforts, you need to first see what is under the hood. Do you need help assessing your customers’ credit risks?

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Your Virtual Credit Manager

NOVEMBER 14, 2023

Credit Policy is an inextricable part of a company’s Sales Policy. If you choose to sell on open credit, the terms you offer are in effect part of the price. If you discuss credit terms with a competitor, you are in violation of anti-trust statutes forbidding price fixing. What’s Right for Your Firm?

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

JUNE 27, 2023

Some have good credit, others are clear risks. Photo by Keren Fedida on Unsplash Each business customer presents a unique set of circumstances. Identifying the groupings within your customer accounts receivable (AR) portfolio enables you to deal with them all more effectively and efficiently.

Collector 26

Collector Credit and Collections High-Risk Accounts Accounts Receivable (AR) 26

Your Virtual Credit Manager

AUGUST 27, 2024

Imagine a world where extending trade credit was completely risk-free, and granting open terms of sale to business customers required no second thought. In such an ideal scenario, every customer would have both the ability and the integrity to pay their bills in full and on time, eliminating any need for a credit management.

Accounts Receivable (AR) 100

Accounts Receivable (AR) Default Credit and Collections Cybersecurity 100

Gaviti

DECEMBER 18, 2024

These advanced technologies are now seamlessly integrated into accounts receivable reporting software, playing a crucial role in optimizing A/R processes, boosting efficiency, and improving overall cash flow for businesses. What Is Accounts Receivable Reporting Software? Customer payment history. A/R performance.

Collection Effectiveness Index 52

Collection Effectiveness Index DSO Credit and Collections Invoice to Cash 52

Your Virtual Credit Manager

APRIL 11, 2023

That all the above consequences can present themselves simultaneously, only makes the downside worse. It can also be tempting for older businesses to forego the credit check when they are desperate to increase sales. If they don’t pass muster for open credit terms, there are still other options for securing or insuring payment.

Bad Debt 130

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

Bectran

MARCH 5, 2025

The inherent risk of default in businesses extending credit makes bad debt accumulation more than a cursory concern, it is a challenge that can strike at the heart of your operations. If left unchecked, bad debt eats into your revenue, making a substantial impact on everything from your cash flow to future credit approvals.

Bad Debt 52

Bad Debt High-Risk Accounts Credit and Collections Default 52