Your Virtual Credit Manager

AUGUST 29, 2023

As the saying goes, you can’t manage what you don’t measure. As you review your metrics, here are five signs that there may be a problem with your collection practices: DSO Is Rising: Days Sales Outstanding is the most common metric for measuring accounts receivable (AR) performance.

DSO 130

DSO Credit and Collections Bad Debt Collection Effectiveness Index 130

Serrala

MARCH 14, 2024

Stay secure and compliant Turn any channel into a payment channel Make the entire payment process real-time Improve your customer experience Integrate payments from request to reconciliation Clarity for sender and receiver Reduce your collections costs by 30-50% and lower total days sales outstanding by 1-2 days.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Default 52

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

Emagia

FEBRUARY 5, 2023

If the automated AR application can alert the collection team about the probability of any payments getting overdue, they can proactively reach out to such customers to try mitigating the risk of a likely payment defaults. Credit Management The starting point in the AR process is credit check, though that is part of broader OTC process.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Your Virtual Credit Manager

NOVEMBER 1, 2022

If you are just getting started working on a collections backlog, we recommend first going after customers with higher probabilities of default, followed by the customers with large amounts past due (to provide cash flow for your business). Buy Credit Reports When Is it Time to Automate Collections?

Credit and Collections 130

Credit and Collections Past Due Invoices Bad Debt Accounts Receivable (AR) 130

Your Virtual Credit Manager

APRIL 11, 2023

Here’s more on Credit Checks. Poor Credit Controls: Poor credit control practices can result in providing goods or services to high-risk accounts that are likely to pay beyond terms or even default on payments. There are multiple costs and vulnerabilities that emerge. An under performing AR.

Bad Debt 130

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

Collenda

MARCH 25, 2022

Geert Corbeel , Collenda’s Senior Sales Executive in Belgium, has many years of experience in this terrain. Collenda held a Webinar together with the credit management consulting firm CRiON about working capital performance, do you see a lot of need for improvement? The post Receivables Management: “Find your cash leaks!”

DSO 52

DSO Days Sales Outstanding Credit and Collections Default 52

TreviPay

JANUARY 31, 2023

In-house trade credit management – a costly distraction and unnecessary risk Managing your in-house trade credit program may once have seemed like a good idea – but much has changed: costs and complexity have spiraled. While new technology could’ve helped, processes have remained manual and expensive.

DSO 52

DSO Days Sales Outstanding Credit Scoring Credit and Collections 52

Gaviti

FEBRUARY 6, 2023

Credit check and risk analyses, which offer a concrete way to determine which clients are most at risk of defaulting on payment terms. Given the rising infation and interest rates, managing late payments should be a top priority for businesses in 2023.

AR Automation 52

AR Automation Accounts Receivable (AR) DSO Days Sales Outstanding 52

apruve

OCTOBER 5, 2022

Technology is revolutionizing business payments and trade credit management. If you’re a large business looking for better ways to manage trade credit , you might be wondering: How does trade credit work today? Fintech innovation makes it possible to automate all aspects of the trade credit process.

Credit and Collections 52

Credit and Collections Days Sales Outstanding Default DSO 52

Gaviti

NOVEMBER 29, 2022

Days Sales Outstanding. Credit Manager. The credit manager determines who to extend credit to and under what conditions. Access to the A/R KPI dashboard can help them revise policies to reach more customers or reduce the risk of default.

Dashboards 52

Dashboards Average Days Delinquent Credit and Collections Cash Forecasting 52