Your Virtual Credit Manager

APRIL 1, 2025

To continue reading and learn about the five pillars underlying effective AR management, you must be a paid subscriber. Your Virtual Credit Manager is a reader-supported publication. Learn More About Credit Reports Please share this newsletter with your small business customers. Do you need help improving cash flow?

Credit and Collections 130

Credit and Collections Sales Tax Exemptions Accounts Receivable (AR) Collector 130

Your Virtual Credit Manager

NOVEMBER 14, 2023

Those that are too weak for you to extend credit will require up front payments — find the payment format (COD, Cash In Advance, down payment, credit card, etc.) Try to get a guaranty from a financially strong related party who will pay the AR if the customer defaults. that is most compatible with the customer.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

JANUARY 23, 2024

Furthermore, new businesses and small businesses tend to have high failure rates, and there is good reason to believe a wave of defaults is coming. The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. What do you need help doing?

Credit Application 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

Emagia

MARCH 15, 2024

While optimized credit risk management and accounts receivable processes can positively impact critical KPIs such as revenue leakage, default and delinquency rates, dysfunctional customer relationships, and excessive overheads, inefficient processes can have unfavorable effects on these metrics.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

Emagia

MARCH 15, 2024

While optimized credit risk management and accounts receivable processes can positively impact critical KPIs such as revenue leakage, default and delinquency rates, dysfunctional customer relationships, and excessive overheads, inefficient processes can have unfavorable effects on these metrics.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

Your Virtual Credit Manager

AUGUST 29, 2023

Use the following formula to determine your CEI: (Beginning receivables + Monthly credit sales - Ending total receivables) ÷ (Beginning receivables + Monthly credit sales - Ending current receivables). Then multiply the answer by 100 to get a percentage. Is there a streamlined process for resolving disputes?

DSO 130

DSO Credit and Collections Bad Debt Collection Effectiveness Index 130

Your Virtual Credit Manager

DECEMBER 6, 2022

Without effective AR management, your cash flow is subject to entropy as the AR ages, as well as to the shocks caused by customer defaults. The solution is the implementation of credit and collection best practices geared to ensure customer profitability and sufficient cash flow. it just might help them pay you sooner!

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130