Your Virtual Credit Manager

JANUARY 17, 2023

The sales team learned very quickly that eliminating the friction from the billing and payment processes facilitated earlier customer payments, hence larger commissions. 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.

Credit and Collections 246

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

Your Virtual Credit Manager

JANUARY 30, 2024

Larger balances and higher-risk customers receive more personalized and persistent collection efforts, while accounts with smaller balances and lower-risk are addressed through a heavier dose of automated dunning notices. However, that doesn’t exclude an opportunity to do even better.

Credit and Collections 130

Credit and Collections Collector Accounts Receivable (AR) AR Automation 130

Emagia

NOVEMBER 21, 2023

How can AI help decrease DSO (Days Sales Outstanding)? Reducing Days Sales Outstanding (DSO) is a perpetual challenge, and AI emerges as a strategic ally in this pursuit. AI can help decrease DSO by improving collections and credit management processes.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections B2B Credit 52

Your Virtual Credit Manager

NOVEMBER 1, 2022

In an ongoing Collections environmen t , you will have already contacted the high risk accounts, so your prioritization scheme should be as follows: Accounts previously contacted that have failed to pay as promised. In fact, broken promises should be followed up the day after the payment was expected.

Credit and Collections 130

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

Your Virtual Credit Manager

APRIL 11, 2023

Poor Credit Controls: Poor credit control practices can result in providing goods or services to high-risk accounts that are likely to pay beyond terms or even default on payments. Photo by Elisa Ventur on Unsplash When a company’s AR under-performs, the consequences are substantial. An under performing AR.

Bad Debt 130

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

Gaviti

JANUARY 8, 2023

Start small with these core KPIs and then expand your options as the need arises: Days Sales Outstanding: It gauges how long it takes for customers to pay their invoices. The lower the DSO, the more efficient a company’s collections process is. Book a demo today to see how it works.

Credit and Collections 98

Credit and Collections Days Sales Outstanding DSO High-Risk Accounts 98