Remove Credit Application Remove Credit Management Remove Order to Cash
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Top 10 Strategies for Reducing Days Sales Outstanding (DSO)

Your Virtual Credit Manager

Accelerating sales can increase DSO, but most often the cause is problems in the order-to-cash (O2C) pipeline affecting collections. Photo by Jonathan Wheeler on Unsplash ) The Consequences of Poor AR Performance First and foremost, poor AR performance impacts your cash flow, which causes financial strain and operational challenges.

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A Focus on Collections & Credit Fraud

Your Virtual Credit Manager

If your enjoy this article and would like to get access to the full story, we hope you will subscribe Your Virtual Credit Manager is a reader-supported publication. Several prevalent fraud scenarios target the order-to-cash process, including: Email Compromise : Fraudsters hack emails to redirect payments or create fake orders.

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How to Improve your Business’ Order to Cash Process

Credit Management Group UK

It is a wide spread misconception that credit management is solely based around the collection of overdue invoices, when in fact the scope of effective credit management encompasses the entire process from order to payment. Anything that happens before payment is received can impact a company’s ability to get paid.

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Top Use Cases for Order-to-Cash

Emagia

According to Schmidt, typical credit managers spend three and a half to four hours per day responding to emails. Routing of emails can also be managed by AI. A third interesting use focuses on more sophisticated credit applications and collections processes.

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Is Your Collection Agency a Good Fit?

Your Virtual Credit Manager

Despite improvements in order-to-cash (O2C) processing, the explosion in digital payment mechanisms creates new complications. The experts at Your Virtual Credit Manager are currently offering 33 percent off our standard consulting rates.

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AR Data Management, AR Automation, & Accelerating Cash Flow

Your Virtual Credit Manager

Email us to learn how the experts at Your Virtual Credit Manager can help you clean up your AR Ledger and increase cash flow by improving your Collection Process. Credit Analysis and Portfolio Monitoring Software: These solutions are for managing risk after the initial order has been approved.

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Get Ready for a Wave of Commercial Bankruptcies

Your Virtual Credit Manager

Here’s a primer on credit insurance. Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. Automate as much of the Order-to-Cash (O2C) Process as possible. Solidify Your Remote Work Capabilities.