Your Virtual Credit Manager

DECEMBER 19, 2023

If they are the result of a payment deduction (partial payment), an issue requiring an administrative solution, not handling the matter inflates your AR. If, however, there are unpaid invoices that have been allowed to go beyond the 90 day mark, you have a serious collection problem. Implementing a collection software solution provi.

DSO 130

DSO Third Party Collections Credit and Collections Deductions 130

Your Virtual Credit Manager

APRIL 18, 2023

There are still some options here, including some firms that can help you with distributing both electronic and paper invoices, but you will need about 500 invoices per month for their services to provide economic benefits Collections : Many Collection Agencies will perform “first party” collections for you.

Bad Debt 130

Bad Debt Credit and Collections Third Party Collections Accounts Receivable (AR) 130

Your Virtual Credit Manager

DECEMBER 26, 2023

Late fees, admittedly hard to enforce, are a useful negotiating tool when pricing is being reviewed or if an account has to be placed for third-party collections. Knowing their payment schedule will give you some idea of when you can expect payment and coordinate your collection efforts accordingly.

Collector 130

Collector Credit and Collections Default Third Party Collections 130

Your Virtual Credit Manager

MARCH 19, 2024

When an unresponsive customer reaches 90 to 120 days past due, you should consider sending a final demand letter and then turning the account over to a third-party collection agency. Collection Activity: Request detailed explanations for invoice disputes and require supporting documentation to substantiate the claims.

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Third Party Collections 100

Emagia

JANUARY 30, 2023

Payment Collection: Digital OTC leveraging RPA, AI, and Analytics helps companies define the point where the outstanding invoices are followed up directly and when they are either written off as bad debt or passed to third-party collections or factoring agencies.

Order to Cash 52

Order to Cash Bad Debt Third Party Collections Credit and Collections 52

Trade Credit & Liquidity Management

APRIL 16, 2025

Enhance Your Collection Capabilities Take the lead on automating the collections process Implement collection strategies based on materiality and risk Identify the root causes of collection delays Resolve aged receivable credit balances before they become an escheatment issue.

Supply Chain Risk Assessment 52

Supply Chain Risk Assessment Credit and Collections Bulk Transfer Cash Forecasting 52