Your Virtual Credit Manager

JUNE 4, 2024

Successful collections require the coordination of a variety of activities: timely and accurate invoices and payment posting, monthly statements, email reminders and other dunning notices as well as telephone calls. Of all these items, making the necessary phone calls generates the greatest value in respect to recovering past due invoices.

Collector 130

Collector Credit and Collections Past Due Invoices Credit Management 130

Your Virtual Credit Manager

JANUARY 16, 2024

Lack of Primary Documents Most of the time it won’t matter if don’t have a signed credit agreement or contract, but it will if you are forced to place an account with a collection agency, and even more so if you have to go to court to recover your receivables. Your terms and conditions should always be crystal clear.

Debt Collections 130

Debt Collections Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

NOVEMBER 21, 2023

Readers of Your Virtual Credit Manager can access sharply discounted business credit reports & scores from D&B, Experian, or Equifax through our partner accredit. Using a report generator, it should not be difficult to create a report in CSV or XLS format that both lists and totals past due invoices by account.

Credit and Collections 130

Credit and Collections Past Due Invoices Small Businesses Credit Management 130

Your Virtual Credit Manager

APRIL 4, 2023

Subscribe now The Problem with AR Clutter In a perfect world, your AR Ledger would contain only whole, current invoices; or at least nothing seriously past due. Invoice balances that remain unpaid 60 or 90 or more days beyond their due date are not providing any benefits.

Past Due Invoices 100

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

Your Virtual Credit Manager

NOVEMBER 14, 2023

Readers of Your Virtual Credit Manager can access sharply discounted business credit reports & scores from D&B, Experian, or Equifax through our partner accredit. These customers will require more intense follow up of past due invoices (e.g., If not, the customer must be contacted.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

JANUARY 31, 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 8. Technical issues: Computer system failures or internet disruptions, can cause delays in processing invoices and making payments.

Credit and Collections 246

Credit and Collections Past Due Invoices Bankruptcy Order to Cash 246

Your Virtual Credit Manager

JANUARY 3, 2023

Share How to Clean Up Your AR Ledger Launch a collection program to collect all past due invoices at least 15 days late. Match as many unapplied payments and unapplied credit memos to open invoices, deductions, and debit memos as possible. Clear from your AR ledger as many of the clutter transactions as possible.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

DECEMBER 13, 2022

In many cases, your new customer credit evaluation will identify those accounts you can expect to pay late, but that is a risk businesses are often willing to take, and reasonably so. Consequently, most businesses need to designate somebody to handle the collection of past due invoices.

Collector 130

Collector Credit and Collections Past Due Invoices Credit Management 130

The Esker Blog

JANUARY 10, 2023

Historically, the processes within collections, cash application and credit management are highly manual. This often leaves customers without noticeably high balances or long past-due invoices receiving limited collections touches, forcing collectors to be more reactive than proactive.

AR Aging 95

AR Aging Accounts Receivable (AR) Credit and Collections AR Automation 95

Credit & Management Systems, Inc.

JULY 26, 2017

We’d love to chat about how your system can aid in streamlining your new account approval, current customer risk assessment, and/or collections monitoring processes so you are receiving maximum benefit. Are you taking advantage of these features?:

Past Due Invoices 40

Past Due Invoices Credit and Collections Dashboards 40