Your Virtual Credit Manager

MAY 23, 2023

If a customer regularly pays late, constantly takes payment deductions, generates a high return volume, or constantly raises disputes, your net profits will be negatively affected. Their Credit Report Shows Other Suppliers Being Paid Promptly: This may indicate cash flow problems, but it also shows your firm is unimportant to them.

Bad Debt 49

Bad Debt Credit and Collections Deductions Credit Risk 49

Your Virtual Credit Manager

SEPTEMBER 10, 2024

High Deduction Volumes: Consumer goods manufacturers and distributors, and in particular those selling to chain stores, often incur high volumes of payment deductions. Investigating and resolving deductions alone is much too costly. Do you need help assessing your customers’ credit risks?

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

Emagia

DECEMBER 3, 2024

Autonomous Finance Capabilities: Enables intelligent self-driving end-to-end processes for accounts receivable operations including credit management, billing, invoicing, collections, deductions, cash application, cash flow forecasting and treasury management. Key Features and Benefits for CFOs 1.

DSO 52

DSO Credit and Collections Bad Debt Payment Portals 52

Your Virtual Credit Manager

OCTOBER 2, 2024

Your Virtual Credit Manager is a reader-supported publication. Do you need help assessing your customers’ credit risks? The experts at Your Virtual Credit Manager have default risk probabilities and other financial benchmarks for analyzing your AR portfolio and revealing actionable insights.

Past Due Invoices 130

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

Emagia

DECEMBER 4, 2024

Emagia provides tools to: Automate credit management and collections. Consumer Packaged Goods (CPG) With high transaction volumes and frequent deductions, CPG companies face unique challenges. Consumer Packaged Goods (CPG) With high transaction volumes and frequent deductions, CPG companies face unique challenges.

Revenue Recognition 52

Revenue Recognition Credit and Collections Days Sales Outstanding Deductions 52

Your Virtual Credit Manager

JANUARY 3, 2023

” This junk AR comes in a variety of forms, such as: Short payment/deductions Debit memos Unapplied credit memos Unapplied cash Late payment fees and other surcharges Early payment discounts taken but not deserved Clutter obscures the true amount a customer owes and causes confusion.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

JANUARY 9, 2024

Then last week we looked at credit hold best practices. From a credit management perspective, these are largely reactive topics. In fact, once you decide to sell a customer on open credit, most of the accounts receivable (AR) management tasks that follow have a reactive component. There is nothing wrong with that.

Credit and Collections 130

Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Your Virtual Credit Manager

DECEMBER 19, 2023

Hopefully, that is why you are reading Your Virtual Credit Manager. If they are the result of a payment deduction (partial payment), an issue requiring an administrative solution, not handling the matter inflates your AR. For more about dealing with deductions, check out this article.

DSO 130

DSO Third Party Collections Credit and Collections Deductions 130

SAP Credit Management

JANUARY 28, 2023

The cut-off value should be deducted from the base depreciation value from the start. Path of Cut-off value key configuration Default Cut off value key Cut off value key configuration Scrap Value Deduction from Base Value (Check this box if you want to deduct a cut-off value from Base Value.

Deductions 180

Deductions Default 180

SAP Credit Management

FEBRUARY 2, 2023

Tax Deductibility Code/Content: This field must be empty if the corresponding tax event of the tax code is non-taxable. For tax codes created for purchasing, you must specify if the tax amount is fully deductible, not deductible and so on. This field must be empty if the corresponding tax event of the tax code is non-taxable.

Deductions 158

Deductions Transactions 158

Emagia

DECEMBER 3, 2024

Managing credit approvals, invoicing, collections, and deductions manually can be overwhelming, error-prone, and inefficient. Manufacturing: Global manufacturers often deal with complex credit risks and diverse customer bases. Emagia automates invoicing and deduction management, ensuring faster cash realization.

Days Sales Outstanding 52

Days Sales Outstanding Revenue Recognition DSO Credit and Collections 52

Your Virtual Credit Manager

SEPTEMBER 12, 2023

To make matters worse, invoice errors also tend to generate payment deductions (partial payments). Correcting invoices and reconciling payment deductions are essentially rework: work that is not necessary if you got it right the first time. To make matters worse, most payment posting errors will involve deductions.

Credit and Collections 130

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

Your Virtual Credit Manager

SEPTEMBER 26, 2023

Share First, Clean Out the Garbage During the course of a year, your AR will accumulate partially paid invoices, payments that have not been applied or that have been misapplied, debit memos, and credit memos. Many of these items result from unresolved payment deductions, customer chargebacks or disputes. What do you need help doing?

Credit and Collections 147

Credit and Collections Accounts Receivable (AR) Deductions Collector 147

Your Virtual Credit Manager

JULY 16, 2024

Ensure the customer has received ALL the invoices and other documentation requested, and that there are no unresolved disputes or open deductions. If there are preexisting disputes or deductions, make sure that all relevant information has been shared and the balance due explained. Do you need help managing credit and collections?

Collector 100

Collector Accounts Receivable (AR) Past Due Invoices Credit and Collections 100

SAP Credit Management

JANUARY 23, 2023

They are not recalculated in the Central Finance system.

Deductions 166

Deductions Default 166

SAP Credit Management

JULY 27, 2023

However, for this particular project, you set a deduction of EUR 20 per hour. In the Manage Prices – Sales app, you define these pricing conditions by using the condition type PSP0 for the regular service price and condition type PCP0 for the project-specific price. Next, you define a project-specific price.

Revenue Recognition 132

Revenue Recognition Deductions Invoice Amount Default 132

Your Virtual Credit Manager

AUGUST 29, 2023

Unresolved Disputes Are Accumulating in Your AR: Payment deductions and disputes can clog up your collection process. Rising deduction volumes are an indication of weaknesses in your fulfillment and billing processes, and you should make it a priority to identify and address those issues.

DSO 130

DSO Credit and Collections Bad Debt Collection Effectiveness Index 130

Your Virtual Credit Manager

APRIL 18, 2023

There are also some credit consulting firms that provide credit analysis services to small and medium-size enterprises (SMEs), and if you sell retail chains, there are boutique credit bureaus that provide analysis, recommendations and ongoing coverage of this industry.

Bad Debt 130

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

SAP Credit Management

JULY 10, 2023

Once an employee’s purchase leave request is approved, the system sets up a deduction pay component in the employee’s payroll record. This deduction can be a one-time deduction or spread over a specified period, depending on the organization’s configuration.

Deductions 141

Deductions 141

Your Virtual Credit Manager

APRIL 25, 2023

There was a lot of gnashing of teeth on the part of the sales team at the beginning, but invoice accuracy improved in each subsequent month as the sales began transmitting accurate pricing and terms to order processing, thereby reducing downstream disputes and payment deductions. Need help setting credit policies and procedures?

Credit and Collections 130

Credit and Collections Past Due Invoices Collector Deductions 130

Your Virtual Credit Manager

FEBRUARY 21, 2023

Readers of Your Virtual Credit Manager now have access to sharply discounted business credit reports from D&B, Experian, or Equifax through our partner Accredit. Buy Credit Reports Perfect Order Index (POI) Another metric we favor measures the quality and collect-ability of the AR being added to the portfolio.

DSO 130

DSO Credit and Collections Collection Effectiveness Index Bad Debt 130

SAP Credit Management

JULY 31, 2023

If we now deduct the included quantity (50 high-resolution images and 100 low-resolution images), the quantity that needs to be charged changes: 550 high-resolution images and 920 low-resolution images. In the Manage Billing Data app, in the bill item, we can then see the calculated amounts.

Deductions 170

Deductions 170

Your Virtual Credit Manager

OCTOBER 25, 2022

This minimizes the chance of incorrectly holding a customer order because of it exceeding acceptable past due parameters or its specified credit limit, and prevents all the customer relationship and cost damage caused by delays applying customer payment to the AR ledger.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Cash Applicator Deductions 130

SAP Credit Management

JULY 28, 2023

DeductibleTaxService in SAP Business One SDK enables you to add, look up, update and remove Deducted Purchase Tax Codes related data in ORTG table. Deducted Purchase Tax Codes is specific to Israel (IL) localization.

Deductions 110

Deductions 110

Gaviti

JULY 18, 2024

Gaviti’s invoice-to-cash A/R management and automation platform helps organizations streamline their entire A/R lifecycle, from invoice distribution and credit monitoring through cash application, disputes and deductions. Credit Management and Monitoring. Dispute Management and Deductions.

Cash Forecasting 95

Cash Forecasting DSO Credit and Collections Deductions 95

Your Virtual Credit Manager

JANUARY 10, 2023

Invoice errors delay payment approval by your customers and may also cause them to make payment deductions. For more on Invoice Accuracy, including metrics on the impact of invoice errors on slow payments, check out these previous YVCM installments: Your Virtual Credit Manager Are Your Invoices Delaying Customer Payments?

Credit and Collections 130

Credit and Collections Bad Debt Invoice Disputes Default 130

Your Virtual Credit Manager

JUNE 27, 2023

Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. More About Purchasing Credit Reports The Irregular Payer: Unpredictable and inconsistent payment patterns highlight this persona.

Collector 26

Collector Credit and Collections High-Risk Accounts Accounts Receivable (AR) 26

Emagia

FEBRUARY 21, 2025

Its AI-driven analytics provide predictive insights, allowing businesses to optimize cash flow management and minimize overdue payments. It automates invoicing, credit management, and dispute resolution for maximum efficiency.

Accounts Receivable (AR) 40

Accounts Receivable (AR) AR Automation Credit and Collections Cash Forecasting 40

SAP Credit Management

FEBRUARY 4, 2023

It is possible to send a lot of additional information Invoice Number (of invoice paid), Date of Invoices paid, Amount (before deductions), Deductions and net amount. The note to payee section can be used to send additional information about the payments made. This can be from 50 to 200 characters.

Deductions 142

Deductions Transactions 142

SAP Credit Management

JANUARY 30, 2023

You cannot create tax deductibility codes for tax through the PDI system; however, you can create them in the fine-tuning activity, Tax Settings for Purchasing, in the SAP Business ByDesign system. You must manually redo the entire process in the customer system.

Deductions 119

Deductions 119

Gaviti

DECEMBER 18, 2024

Its order to cash software delivers reports that go beyond the standard collections, deductions, cash application, credit, electronic invoicing, and payment processes to include KPI tracking that uncover insights to help improve performance.

Collection Effectiveness Index 52

Collection Effectiveness Index DSO Credit and Collections Invoice to Cash 52

SAP Credit Management

SEPTEMBER 21, 2023

This storage invoice amount may get deducted from the purchase price or send as a separate invoice to the farmer. If the company buys the 3 rd party grain which they have on storage, the storage fees can also be incorporated into the commodity purchase settlement and for example be deducted from the purchase price.

Invoice Amount 135

Invoice Amount Deductions 135

SAP Credit Management

FEBRUARY 12, 2023

Introduction of Standard Deduction of 50,000 INR in New Tax Regime. Employees opting for New Tax Regime will now get the benefit of Standard Deduction of 50,000 INR from salary. Surcharge rate on income above 5 crores is reduced from 37% to 25% in New Tax Regime.

Deductions 120

Deductions Default 120

Your Virtual Credit Manager

JUNE 13, 2023

don’t answer the phone, don’t return messages, bounced emails, etc.) — customer is avoiding you Requests for extended payment terms — customer trying to extend cash flow Request for an increased credit limit — customer trying to increase cash flow These last two items may be legitimate business requests.

Credit and Collections 26

Credit and Collections Bad Debt Default Credit Risk 26

Gaviti

NOVEMBER 4, 2024

3 – Quadient Quadient’s dispute management tool is also part of its full accounts receivable management platform designed to automate the order-to-cash cycle and accelerate cash flow. Credit Management and Monitoring.

Credit and Collections 52

Credit and Collections Invoice to Cash Payment Portals DSO 52

Emagia

FEBRUARY 20, 2025

Credit Management Automation Implementing automated credit management allows businesses to assess customer creditworthiness efficiently. By utilizing real-time data and analytics, companies can make informed decisions about extending credit, thereby minimizing the risk of bad debts.

AR Automation 40

AR Automation Credit and Collections Cash Applicator DSO 40

Your Virtual Credit Manager

MARCH 12, 2024

The experts at Your Virtual Credit Manager can help you bring in the cash. Learn More About YVCM Services Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit.

AR Transformation 100

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