Your Virtual Credit Manager

JUNE 27, 2023

Photo by Keren Fedida on Unsplash Each business customer presents a unique set of circumstances. Identifying the groupings within your customer accounts receivable (AR) portfolio enables you to deal with them all more effectively and efficiently. PLEASE NOTE: Due to the July 4th holiday there will be no post next week.

Collector 26

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

Your Virtual Credit Manager

AUGUST 27, 2024

In such an ideal scenario, every customer would have both the ability and the integrity to pay their bills in full and on time, eliminating any need for a credit management. Do you need help assessing customer credit risks? What is, or will be, your firm’s level of exposure to this account?

Accounts Receivable (AR) 100

Accounts Receivable (AR) Default Credit and Collections Cybersecurity 100

Your Virtual Credit Manager

NOVEMBER 14, 2023

If you discuss credit terms with a competitor, you are in violation of anti-trust statutes forbidding price fixing. Photo by Aziz Acharki on Unsplash ) Because Credit Policy is a part of Sales Policy, how you manage credit impacts company profits. Credit Insurance policies often exclude individual, high risk accounts.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

SEPTEMBER 17, 2024

To continue reading and learn nine areas of focus for supercharging your collection process, you must be a paid subscriber to Your Virtual Credit Manager. Do you need help assessing your customers’ credit risks?

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Gaviti

DECEMBER 18, 2024

These advanced technologies are now seamlessly integrated into accounts receivable reporting software, playing a crucial role in optimizing A/R processes, boosting efficiency, and improving overall cash flow for businesses. What Is Accounts Receivable Reporting Software? Greater A/R efficiency.

Collection Effectiveness Index 52

Collection Effectiveness Index DSO Credit and Collections Invoice to Cash 52

Your Virtual Credit Manager

APRIL 11, 2023

That all the above consequences can present themselves simultaneously, only makes the downside worse. If they don’t pass muster for open credit terms, there are still other options for securing or insuring payment. Here’s more on Credit Checks.

Bad Debt 130

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

Bectran

MARCH 5, 2025

If left unchecked, bad debt eats into your revenue, making a substantial impact on everything from your cash flow to future credit approvals. When steps are not taken to root out its underlying causes, credit managers may begin to approve new credit applications more sparingly.

Bad Debt 52

Bad Debt High-Risk Accounts Credit and Collections Default 52