Your Virtual Credit Manager

JANUARY 17, 2023

The bottom line was a 13 percent reduction in Days Sales Outstanding (DSO) over a 6 month period in conjunction with invoice accuracy rising above 90 percent. A chemical distributor did just this by providing their Salesforce with a dashboard to monitor each region’s receivables portfolio. Revenue or Profits?

Credit and Collections 246

Credit and Collections Accounts Receivable (AR) Days Sales Outstanding Past Due Invoices 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. A chemical distributor did just this by providing Sales with a dashboard to monitor their region’s receivables portfolio. Calculations were included for customer margins and profitability.

Credit and Collections 130

Credit and Collections Past Due Invoices Collector Deductions 130

Emagia

DECEMBER 3, 2024

Industries with High Transaction Volumes Certain industries deal with thousands—or even millions—of transactions every month. Retail and Consumer Goods: In industries with thin margins and high transaction volumes, every day of delay impacts cash flow. Let’s explore.

DSO 52

DSO Days Sales Outstanding Revenue Recognition Credit and Collections 52

Emagia

DECEMBER 3, 2024

Industries with High Transaction Volumes Certain industries deal with thousands—or even millions—of transactions every month. Retail and Consumer Goods: In industries with thin margins and high transaction volumes, every day of delay impacts cash flow. Let’s explore.

DSO 52

DSO Days Sales Outstanding Revenue Recognition Credit and Collections 52

Gaviti

MARCH 21, 2023

While this may result in small transaction fees or tracking difficulties, at least you will be collecting the money that is owed for goods and services rendered. However, do you still find that your days outstanding, or DSO , is on the rise? Work with the customer and see if you can come up with an alternative payment method.

Payment Portals 78

Payment Portals DSO Alternative Payment Methods Dashboards 78

Gaviti

FEBRUARY 5, 2024

This release features the innovative Cash Application module, significant Credit Management enhancements, and the introduction of Gaviti Pay – a versatile payment gateway for streamlined, secure transactions. Customers who activate this module experience a decrease in the DSO of 35%, and an increase in the rate of paid invoices.

Cash Applicator 52

Cash Applicator Dashboards DSO Credit and Collections 52

Gaviti

MARCH 3, 2024

For example, IBM was able to adopt RPA to assist transactional pricers in determining the pricing of high-volume IBM software subscriptions, renewals and upgrades to sellers, saving them over 4,800 manual hours annually. This helps to speed up the entire invoice-to-cash cycle, reducing Days Sales Outstanding (DSO) and improving cash flow.

DSO 52

DSO Credit and Collections Days Sales Outstanding Cash Applicator 52