Onguard

MAY 24, 2023

It is therefore important to take risk mitigation measures in addition to correctly interpreting your dynamic data. The order-to-cash process starts with the purchase of a product or service and ends with the payment and processing of the invoice. This starts with credit management.

Credit Risk 52

Credit Risk Credit Management Order to Cash Transactions 52

Credit Management Group UK

JUNE 16, 2024

Throughout my years in commercial credit management, I have identified several mistakes that companies make within their order to cash process; mistakes that are often very small and easily fixed; make enough of them, however, and you could find your cash flow isn’t flowing the way you would like it to.

Credit Management 99

Credit Management Credit and Collections Order to Cash Credit Risk 99

Your Virtual Credit Manager

FEBRUARY 27, 2024

In order for that to happen, everybody needs to be aligned in regard to sales and credit in general and the objectives of the order-to-cash process (O2C) in particular. The experts at Your Virtual Credit Manager can help you bring in the cash. Are there past due accounts you are trying to collect?

Accounts Receivable (AR) 130

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

Credit Management Group UK

MAY 6, 2024

Due diligence Carrying out due diligence on current and prospective customers can help in identifying those customers that pose more risk to your business. Credit risk reporting can highlight anything untoward with regards to a company’s credit risk, for example any CCJs.

Credit and Collections 83

Credit and Collections Credit Risk Order to Cash Credit Management 83

Serrala

SEPTEMBER 7, 2023

Read more Bild Credit & Risk Management Automate processes across your entire credit management lifecycle for faster and more accurate credit decisions and less manual activities. Reduce DSO and optimize working capital with the most comprehensive collections software. section-marketo-background').length>0){

Credit and Collections 98

Credit and Collections DSO Order to Cash Cash Applicator 98

Credit Management Group UK

NOVEMBER 9, 2023

Managing business cash flow effectively is essential to the survival of any business, many things will count towards positive cash flow, here I will be focusing on the credit management aspect of managing cash flow.

Order to Cash 75

Order to Cash Credit and Collections Credit Risk Credit Management 75

Your Virtual Credit Manager

FEBRUARY 13, 2024

Clearly, the level of Business Credit Risk is going to remain elevated as we move through 2024, bringing with it the potential for corresponding increases in bad debt and delinquency. It will also help your prioritize your credit reviews as recommended in item #1. Here’s more on setting credit limits.

Bankruptcy 130

Bankruptcy Credit and Collections Bad Debt Accounts Receivable (AR) 130

Your Virtual Credit Manager

OCTOBER 17, 2023

(Photo by Jandira Sonnendeck on Unsplash ) In most cases, you therefore have to extend credit to your B2B customers, which entails the following risks: Not being paid anything Being paid an amount less than the full invoice value Not being paid on time, whether in full or in part These outcomes are known as credit risks.

Bad Debt 130

Bad Debt Credit and Collections Credit Risk Accounts Receivable (AR) 130

Your Virtual Credit Manager

FEBRUARY 6, 2024

As a small business owner or executive, managing accounts receivable (AR) and navigating through various credit decisions is an integral part of the job. After all, credit and collections is essential to the performance of your order-to-cash (O2C) process and cash conversion cycle.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 130

Your Virtual Credit Manager

MAY 7, 2024

Increased Costs: Managing payment disputes and chasing overdue payments incurs additional costs in terms of time, resources, and potentially legal fees should the dispute escalate. This can limit a supplier's capacity to extend credit to other customers. Make sure credit limits are adequate to meet customer requirements.

Credit and Collections 130

Credit and Collections Credit Risk Credit Management Order to Cash 130

Your Virtual Credit Manager

JANUARY 3, 2023

Do not match unapplied credits with open deductions and debits unless there is documentation to relate them or you will be in violation of escheatment laws. Refresh the credit risk ratings and credit limits of customers that have not been updated within the past two years. Update your customer master file.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

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

Your Virtual Credit Manager

FEBRUARY 28, 2023

Your Virtual Credit Manager (YVCM) previously published an article discussing the pros and cons of Prompt Payment Discounts. It will contribute to you realizing accelerated cash inflows, which will be critically important during a recession. This translates to a 1 percent discount if paid within 10 days of the invoice date.

Bad Debt 130

Bad Debt Accounts Receivable (AR) Credit Risk Bankruptcy 130

Your Virtual Credit Manager

MARCH 14, 2023

A large percentage of past due invoices are caused by up-stream problems in the order-to-cash process. Readers of Your Virtual Credit Manager can now access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner aaccredit. Learn More About Credit Reports 5.

Collector 189

Collector Past Due Invoices Credit and Collections Bad Debt 189

Your Virtual Credit Manager

MARCH 12, 2024

(Photo by David Gardiner on Unsplash ) Updating trade credit programs goes beyond defensive measures; it should also align with growth strategies, lower operational costs, and enhance the customer experience. The experts at Your Virtual Credit Manager can help you bring in the cash. it just might help them pay you sooner!

AR Transformation 100

AR Transformation Credit and Collections Accounts Receivable (AR) Order to Cash 100

Emagia

JUNE 21, 2024

With the rapid advancement of digital technology, businesses can no longer afford the inefficiencies of slow credit applications, validations, and approvals. Empowering the credit team with intelligent Order-to-Cash (OTC) digital solutions is essential.

B2B Credit 40

B2B Credit Credit Application Digital Credit Application Credit and Collections 40

Your Virtual Credit Manager

APRIL 18, 2023

Subscribe now An Overview of the AR Functions that Can Be Outsourced One option is to outsource all AR responsibilities in support of the order-to-cash (O2C) process: from billing to credit and collections to remittance processing. Not a subscriber … why don’t you take advantage of a free YVCM subscription?

Bad Debt 130

Bad Debt Credit and Collections Third Party Collections Accounts Receivable (AR) 130

Serrala

AUGUST 29, 2022

The below will guide you through a few easy steps to identify if your credit landscape is due an upgrade. Credit Risk Management Software for Effective Credit Control Proactive credit risk management is a must to support a healthy business strategy.

Credit and Collections 52

Credit and Collections Credit Risk Dashboards Credit Scoring 52

Gaviti

OCTOBER 10, 2024

A/R solutions in particular streamline each aspect of accounts receivable, from collections to credit management, cash application and disputes and deductions. For example, finance teams might apply it towards cash flow forecasting, credit risk assessment and identifying the best investment opportunities.

Invoice to Cash 52

Invoice to Cash Credit and Collections DSO Payment Portals 52

Emagia

FEBRUARY 2, 2024

Top line, bottom line, and cash flow – the three critical components in business – are the barometers of the health of a business, that influence its sustenance and growth. Order To Cash (OTC) is one business process that impacts all these three elements. This calls for a robust credit management system in place.

B2B Credit 52

B2B Credit Credit and Collections Credit Application Credit Management 52

Your Virtual Credit Manager

MAY 23, 2023

Do you need help with your credit policies and procedures? The experts at Your Virtual Credit Manager will analyze your situation to provide you with actionable insights for managing credit risk and shortening your cash conversion cycle. Your firm has become a lender, and they appear to be a debtor.

Bad Debt 49

Bad Debt Credit and Collections Deductions Credit Risk 49