Your Virtual Credit Manager

FEBRUARY 20, 2024

We are currently offering 33 percent off our standard small business consulting rates. Learn More About YVCM Consulting The Limitations of DSO Days Sales Outstanding (DSO) is widely used to assess the efficiency of a company's AR management. Where do you need to improve? it just might help them pay you sooner!

DSO 130

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

Your Virtual Credit Manager

JUNE 25, 2024

Rising Days Sales Outstanding DSO measures the average number of days it takes to collect payment after a sale. The experts at Your Virtual Credit Manager are currently offering 33% off our standard small business consulting rates. (Photo by Kevin Andre on Unsplash ) So what should you keep an eye on?

Bad Debt 130

Bad Debt Credit and Collections Days Sales Outstanding DSO 130

Your Virtual Credit Manager

JANUARY 30, 2024

Please feel free to share this newsletter with your small business customers. We are currently offering 33 percent off our standard small business consulting rates. Collection software also provides automated workflow based on a collection strategy being assigned to each customer. it just might help them pay you sooner!

Credit and Collections 130

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

Your Virtual Credit Manager

MAY 14, 2024

Monitoring and tracking cash is a critically important activity for most small businesses (for more on that subject, check out “ Taking the Crystal Ball out of Cash Flow Forecasting ”). The experts at Your Virtual Credit Manager are currently offering 33 percent off our standard small business consulting rates.

AR Metrics 130

AR Metrics DSO Credit and Collections Accounts Receivable (AR) 130

Emagia

FEBRUARY 20, 2025

AI-Powered Analytics Emagia leverages AI to provide real-time insights into key AR metrics, such as Days Sales Outstanding (DSO) , collections performance, and cash flow forecasting. – Scalability Emagia is designed to grow with your business. . – Scalability Emagia is designed to grow with your business.

AR Automation 40

AR Automation AR Metrics Accounts Receivable (AR) Days Sales Outstanding 40

Emagia

FEBRUARY 21, 2025

Define Automation Objectives Establish clear goals for what the automation initiative aims to achieve, such as reducing days sales outstanding (DSO) or minimizing manual errors. Is accounts receivable automation suitable for small businesses? What are the risks of automating accounts receivable?

AR Automation 40

AR Automation Days Sales Outstanding DSO AR Metrics 40

Your Virtual Credit Manager

DECEMBER 12, 2023

Please feel free to share this newsletter with your small business customers. Share One Company’s Struggles with Recurring Revenue A capital equipment manufacturer had a thriving maintenance business. Consequently, cash flow decreased while Days Sales Outstanding (DSO) and Past Due Receivables skyrocketed.

Days Sales Outstanding 130

Days Sales Outstanding DSO Credit Management Small Businesses 130

Your Virtual Credit Manager

DECEMBER 6, 2022

Under-performing AR has the potential to create a cash flow crisis that can shut down your business in very short order. Cash Flow is the number one cause of small business bankruptcies. Please feel free to share this newsletter with your small business customers. it just might help them pay you sooner!

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

Your Virtual Credit Manager

NOVEMBER 1, 2022

Execution and Escalation then round out the three key elements of an effective and efficient Collection effort: Please feel free to share this newsletter with your small business customers. It also will typically deliver a 10-20 percent improvement in Days Sales Outstanding (DSO) within six months to a year.

Credit and Collections 130

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

Your Virtual Credit Manager

FEBRUARY 21, 2023

Subscribe now Days Sales Outstanding (DSO) From a credit perspective, DSO isn’t our favorite metric, but it is a standard used by accounting and finance professionals to reflect receivables turnover. Even so, we still recommend plotting the count-back method for calculating DSO against sales volume and AR balances.

DSO 130

DSO Credit and Collections Collection Effectiveness Index Bad Debt 130

Your Virtual Credit Manager

SEPTEMBER 10, 2024

Consequently, Days Sales Outstanding (DSO) increased by almost 50 percent with customer delinquency deteriorating so much that this supplier’s borrowing capacity under its asset-based credit facility was severely restricted. Learn More About Credit Reports Please share this newsletter with your small business customers.

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

Emagia

JANUARY 27, 2025

Reporting and Analytics Real-time reporting and analytics allow businesses to track AR performance metrics like Days Sales Outstanding (DSO), outstanding invoices, and overall collection efficiency. These insights enable businesses to identify bottlenecks and improve their AR strategies.

DSO 40

DSO AR Metrics Accounts Receivable (AR) Days Sales Outstanding 40

Your Virtual Credit Manager

DECEMBER 19, 2023

If you are an executive at a small or mid-sized business, chances are you are in the process of putting together a budget for 2024, or have already done so. Please feel free to share this newsletter with your small business customers. it just might help them pay you sooner!

DSO 130

DSO Third Party Collections Credit and Collections Deductions 130

Your Virtual Credit Manager

JULY 25, 2023

Here are the KPIs you will need at a minimum: Days Sales Outstanding (DSO) - This metric tells you how fast you are converting your sales into cash. Please feel free to share this newsletter with your small business customers. Invoices should go out within 1 day of every order fulfilled.

Best Possible DSO (BPDSO) 130

Best Possible DSO (BPDSO) DSO Cash Forecasting Credit and Collections 130

Abrigo

JANUARY 18, 2017

One simple way for advisors to get started is to begin educating owners on types of technology that can create new types of cash flow, can decelerate the flow of cash out of the business and can accelerate the flow of cash into the business. SCORE , a nonprofit association that helps small businesses in partnership with the U.S.

Days Sales Outstanding 88

Days Sales Outstanding Credit Card Payments Credit and Collections Dashboards 88

Your Virtual Credit Manager

AUGUST 29, 2023

Please feel free to share this newsletter with your small business customers. As you review your metrics, here are five signs that there may be a problem with your collection practices: DSO Is Rising: Days Sales Outstanding is the most common metric for measuring accounts receivable (AR) performance.

DSO 130

DSO Credit and Collections Bad Debt Collection Effectiveness Index 130

Your Virtual Credit Manager

APRIL 11, 2023

To avoid this, businesses should employ proven tactics in their collection strategies, including regular phone calls, emails or collection letters, and escalation of the matter when the debtor is not responsive. Please feel free to share this newsletter with your small business customers. An under performing AR.

Bad Debt 130

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

Lockstep

DECEMBER 2, 2022

Confusion leads to slower processes and in turn, your days sales outstanding skyrockets. It also allows for audit trails and improved security, while keeping your business finances running smoothly. This can make it difficult to track the progress of payments and can lead to confusion amongst employees.

Accounts Receivable (AR) 88

Accounts Receivable (AR) Days Sales Outstanding Small Businesses 88

Your Virtual Credit Manager

APRIL 2, 2024

Learn More About Consulting Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. Learn More About Credit Reports Please feel free to share this newsletter with your small business customers.

Credit Scoring 130

Credit Scoring Credit and Collections Bad Debt Credit Risk 130

Know-It Global

APRIL 13, 2023

Late payments are crippling businesses all over the UK with 52% of businesses experiencing late payment , and 25% reporting increased instances of late payment in 2022. Accountancy software company Xero recently published a report showing the average time taken for small businesses to be paid rose by 1.4 days to 31.3

Credit and Collections 97

Credit and Collections Days Sales Outstanding Credit Scoring DSO 97

Emagia

FEBRUARY 21, 2025

API Access : Allow for custom integrations with other business tools. Customizable Dashboards : Visualize key metrics such as Days Sales Outstanding (DSO) and aging reports. How do I choose the right accounts receivable software for my business? How much does accounts receivable software typically cost?

Payment Portals 40

Payment Portals Accounts Receivable (AR) Days Sales Outstanding Cash Applicator 40

Your Virtual Credit Manager

JULY 11, 2023

This article focuses on one widely used metric, Days Sales Outstanding (DSO) and the best ways to understand it. Multiply the Net Days by the percentage of sales to get the weighting for each of your payment terms, then sum the individual weightings to account for 100 percent of the sales.

Best Possible DSO (BPDSO) 100

Best Possible DSO (BPDSO) DSO AR Metrics Credit and Collections 100

Emagia

FEBRUARY 20, 2025

Importance of Automating Accounts Receivable In today’s fast-paced business environment, manual AR processes can lead to delays, errors, and inefficiencies. Automating these processes not only enhances accuracy but also ensures timely collections, thereby improving cash flow and reducing the days sales outstanding (DSO).

AR Automation 40

AR Automation Credit and Collections Cash Applicator DSO 40

Emagia

FEBRUARY 20, 2025

Choosing the Right Accounts Receivable Software Factors to Consider When Selecting an AR Software Business Size and Needs Whether a small business or an enterprise, choosing the right software depends on the complexity of AR processes. Scalability The software should be able to grow with your business.

AR Automation 40

AR Automation Bad Debt DSO Days Sales Outstanding 40

Gaviti

JANUARY 10, 2023

Small businesses can also benefit from this type of analysis, as it can help them identify and manage risk factors that could impact their cash flow. In today’s uncertain economy, all businesses must have a solid risk management plan. Days sales outstanding. Average days delinquent.

Average Days Delinquent 98

Average Days Delinquent Collection Effectiveness Index Days Sales Outstanding Cash Forecasting 98

The Esker Blog

FEBRUARY 21, 2023

When a longer DPO is coupled with shorter days sales outstanding (DSO) , a company can create a shorter cash-conversion cycle that further increases liquidity, allowing the company to grow. Shorter DSOs are important to small businesses as they depend on shorter payment windows to maintain cashflow.

Days Sales Outstanding 52

Days Sales Outstanding Accounts Receivable (AR) DSO Transactions 52

Gaviti

FEBRUARY 18, 2024

Summit A/R Summit A/R focuses on debt collections for small businesses that include the consumer, educational, dental, and medical industries and focuses on preserving human dignity (PHD). Its experienced PCS debt collectors are knowledgeable of relevant regulations such as HIPAA and legal processes necessary to recover debt.

Debt Collections 52

Debt Collections Credit and Collections Days Sales Outstanding Invoice to Cash 52

Emagia

MAY 8, 2023

Additionally, a positive trade credit history can benefit small businesses. Trade Credit Advantages and Disadvantages Corporation references can be given orally, in the form of a letter, or by sharing payment info with business credit reporting companies like Experian, Equifax, or Dun & Bradstreet.

Credit Scoring 52

Credit Scoring Bad Debt Days Sales Outstanding Credit Reporting Agencies 52

Gaviti

JULY 11, 2024

By centralizing data in one place, you’ll allow for A/R and finance teams as well as marketing, sales and procurement to see metrics such as days sales outstanding (DSO), unique KPIs and customer risk assessments. Gaining better visibility into the A/R process. Having a proactive collections strategy.

DSO 52

DSO AR Automation Credit and Collections Bad Debt 52

NorthOne

JUNE 26, 2023

By tracking cash flow regularly, businesses can identify potential problems before they become major issues and make informed decisions about investments and expenditures. Manage Debt and Credit Debt and credit can be significant financial burdens for small businesses.

Days Sales Outstanding 52

Days Sales Outstanding Credit Scoring Transactions Small Businesses 52

Your Virtual Credit Manager

MARCH 11, 2025

Improved Cash Flow and Forecasting EIPP accelerates the cash conversion cycle by accelerating invoice delivery, thereby enabling faster payments and reducing days sales outstanding (DSO). Learn More About Credit Reports Please share this newsletter with your small business customers.

Days Sales Outstanding 130

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

Your Virtual Credit Manager

MARCH 18, 2025

Whether you're a small business owner handling collections personally or part of a larger organization's credit department, understanding the nuances of the collection process is crucial. Learn More About Credit Reports Please share this newsletter with your small business customers.

Collector 130

Collector Credit and Collections DSO Debt Collections 130

Emagia

NOVEMBER 20, 2024

Conversion cycle formula helps businesses track their liquidity and operational performance. How to Calculate the Conversion Cycle The conversion cycle formula can be calculated by adding the days inventory outstanding (DIO) to the days sales outstanding (DSO), then subtracting the days payable outstanding (DPO).

Days Sales Outstanding 40

Days Sales Outstanding DSO Small Businesses 40

Emagia

DECEMBER 30, 2024

Choose the Right AR Automation Software : Select a solution that integrates seamlessly with your existing accounting or ERP systems and aligns with your business needs. Set Clear Objectives : Define specific goals for automation, such as reducing Days Sales Outstanding (DSO) or improving cash application rates.

AR Automation 40

AR Automation Accounts Receivable (AR) Days Sales Outstanding Credit and Collections 40

Emagia

DECEMBER 30, 2024

Automated Collections : Streamlines the collections process, reducing days sales outstanding (DSO). Can small businesses benefit from accounts receivable factoring? Yes, small businesses with consistent invoicing and creditworthy customers often use factoring to stabilize cash flow.

Credit and Collections 40

Credit and Collections Days Sales Outstanding Deductions Credit Risk 40

Emagia

FEBRUARY 14, 2025

Advanced Analytics for Data-Driven Decisions Emagias robust analytics platform provides real-time insights into collection performance, enabling businesses to make informed decisions. Whether youre a small business or a large enterprise, investing in the right debt collection software can make a substantial difference.

Debt Collections 40

Debt Collections Days Sales Outstanding Bad Debt DSO 40