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. We are currently offering 33 percent off our standard small business consulting rates. Please feel free to share this newsletter with your small business customers.

Debt Collections 130

Debt Collections Collector Credit and Collections Bad Debt 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. it just might help them pay you sooner!

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

Your Virtual Credit Manager

JANUARY 31, 2023

Cash flow problems: The primary reason businesses declare bankruptcy is liquidity issues, so it should come at no surprise that cash flow problems are a top reason for a business paying late. they are a small business waiting to get paid on a big project) or a sign of financial distress. Buy Credit Reports 8.

Credit and Collections 246

Credit and Collections Past Due Invoices Bankruptcy Credit Management 246

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 DSO 130

Your Virtual Credit Manager

NOVEMBER 14, 2023

On the positive side, Credit Insurance may help you get a higher credit line and a lower interest rate if you are pledging your receivables as collateral for a bank loan or line of credit. For more on the ins and outs of Credit Insurance, check out this post. it just might help them pay you sooner!

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

JANUARY 3, 2023

For the same reason, AR clutter can reduce the collateral value of your AR portfolio by causing current accounts to be excluded from the funding equation on an asset-backed loan or line of credit. Please share this newsletter with your small business customers. it just might help them pay you sooner!

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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.

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Collector Credit and Collections Past Due Invoices Credit Management 130

Your Virtual Credit Manager

NOVEMBER 21, 2023

For most small businesses, collections are reactive. When a customer goes past due, they then go into action — typically with a call, though it is also likely that unless a sizeable amount is involved a call is not made right away. Please feel free to share this newsletter with your small business customers.

Credit and Collections 130

Credit and Collections Past Due Invoices Small Businesses Credit Management 130

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? it just might help them collect faster and pay you sooner.

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

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