Your Virtual Credit Manager

MARCH 14, 2023

Collectors spend most of their time asking for payments While it is true collectors are constantly requesting payment of past due balances, once that request is made they end up spending most of their time resolving disputes and invoice discrepancies. Learn More About Credit Reports 5.

Collector 189

Collector Past Due Invoices Credit and Collections Bad Debt 189

Your Virtual Credit Manager

SEPTEMBER 10, 2024

To continue reading and learn how to recognize O2C shortcomings along with seven critical factors for AR success you must be a paid subscriber to Your Virtual Credit Manager. Do you need help assessing your customers’ credit risks?

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

Your Virtual Credit Manager

JANUARY 17, 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 But, On the Other Hand. it just might help them pay you sooner! Risk of losing or demotivating some productive salespeople.

Credit and Collections 246

Credit and Collections Accounts Receivable (AR) Days Sales Outstanding Past Due Invoices 246

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

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

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 1, 2022

Effective collections can also reduce bad debt losses by compensating for a liberal or weak Credit Control function. Simply defined, collections is the process of contacting customers to secure payment for your invoices. For the most part collections deals with past due invoices — those not paid within established terms.

Credit and Collections 130

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

Your Virtual Credit Manager

JANUARY 16, 2024

The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit.

Debt Collections 130

Debt Collections Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

APRIL 25, 2023

The bottom line was a 13 percent reduction in DSO over a 6 month period in conjunction with invoice accuracy rising above 90 percent. Readers of Your Virtual Credit Manager can now access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit.

Credit and Collections 130

Credit and Collections Past Due Invoices Collector Deductions 130

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

Eastern Credit Management Services

JULY 15, 2019

Fret no longer, as this entry in our blog is going to explore how to deal with customers who keep breaking promises to pay on their past due invoice and how a collection agency can help. They will obtain a promise to pay a past due invoice from their customer and wait for the money to arrive.

Past Due Invoices 52

Past Due Invoices Third Party Collections Credit and Collections Invoice Collections 52

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. Please share this newsletter with your small business customers.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Gaviti

SEPTEMBER 7, 2023

DSO Formula (Ending Total Receivables ÷ Total Credit Sales) x Number of Days What Is the ‘Best Possible’ DSO? The main difference between these two calculations is that best days sales outstanding does not take into consideration past due invoices. Naturally, the smaller the number, the better your performance.

DSO 52

DSO Days Sales Outstanding Past Due Invoices Credit and Collections 52

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

: Our electronic credit file stores customer data – even scanned documents – allowing you fingertip access to customer files and the ability to report on important data elements across your database; Our user-defined modeling for scoring, credit limits and terms allows you to streamline your account approval and evaluation process, ensuring (..)

Past Due Invoices 40

Past Due Invoices Credit and Collections Dashboards 40