Your Virtual Credit Manager

SEPTEMBER 17, 2024

Solutions exist for credit application processing, collections, payment deduction resolution, and remittance processing, all of which can create more time that can be used to increase your collection efforts. Implement Workflow Solutions: Software as a Service (SaaS) solutions are an economical way to enhance productivity.

Credit and Collections 100

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

Gaviti

DECEMBER 18, 2024

As a result, your accounts receivable reporting software offers a number of specific benefits, including: Better cash flow management. Having the most accurate customer data at your fingertips allow you to identify high-risk accounts and prioritize your collection efforts to optimize cash flow. Greater A/R efficiency.

Collection Effectiveness Index 52

Collection Effectiveness Index DSO Credit and Collections Invoice to Cash 52

Emagia

NOVEMBER 21, 2023

This enables companies to focus their collection efforts more effectively and prioritize high-risk accounts. However, some accounts will need human intention, of course. With sophisticated algorithms utilizing external and internal data, AI can detect when to raise or lower credit limits or put a red flag on a request.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections B2B Credit 52

Gaviti

FEBRUARY 18, 2024

It’s important to receive regular risk assessments for your customers to verify their creditworthiness and extend credit to them based on their payment history, not out of courtesy. Ideally, customer credit applications should be streamlined to focus on only the most important information to ensure they are quick and accurate.

Credit and Collections 52

Credit and Collections Deductions Collector DSO 52

Gaviti

FEBRUARY 18, 2024

It’s important to receive regular risk assessments for your customers to verify their creditworthiness and extend credit to them based on their payment history, not out of courtesy. Ideally, customer credit applications should be streamlined to focus on only the most important information to ensure they are quick and accurate.

Credit and Collections 52

Credit and Collections Deductions Collector DSO 52