Your Virtual Credit Manager

SEPTEMBER 3, 2024

Days Sales Outstanding (DSO) was at 63 days on predominantly Net 30 day terms. Over the next eight months: DSO was reduced from 63 to 41 days $61 million in AR was converted to CA$H Bad debt expense was reduced by $2.2 Collection Prioritization Drives Performance Improvement A medical device manufacturer with $1.6

Accounts Receivable (AR) 130

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

Your Virtual Credit Manager

SEPTEMBER 10, 2024

Pricing Problems: A supplier of medical devices implemented a new ERP system, but flaws in the pricing application caused it to frequently default to list price (nearly every accounts had exceptions), thereby generating hundreds of incorrect invoices. Poor credit approval and collection practices can single-handedly wreck DSO.

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

Your Virtual Credit Manager

AUGUST 29, 2023

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. If DSO is rising, you are falling behind. Collections is always playing a bit of catch up to sales.

DSO 130

DSO Credit and Collections Bad Debt Collection Effectiveness Index 130

Emagia

MARCH 3, 2025

Collections Management Effective collections management involves tracking overdue invoices and implementing escalation strategies for persistent defaulters. High Days Sales Outstanding (DSO) Regularly analyze DSO metrics and adjust credit policies accordingly. What is Days Sales Outstanding (DSO) and why is it important?

Days Sales Outstanding 40

Days Sales Outstanding DSO AR Reporting Credit and Collections 40

Your Virtual Credit Manager

DECEMBER 6, 2022

Without effective AR management, your cash flow is subject to entropy as the AR ages, as well as to the shocks caused by customer defaults. Even worse, the company’s stock price was depressed because of the company’s high Days Sales Outstanding (DSO) , a common measure of AR management effectiveness.

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

SAP Credit Management

AUGUST 24, 2023

It is a default option, it can be as it was. Operational data provisioning supports mechanisms to load data incrementally, e.g., from extractors, ABAP CDS Views and a DSO objects (see below). This approach used dataset option. New dataset has been created on S/4 HANA using CDC connector.

DSO 148

DSO Default Transactions 148

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. Assess Current AR Processes Evaluate existing AR workflows to identify inefficiencies and areas that would benefit most from automation.

AR Automation 40

AR Automation Days Sales Outstanding DSO AR Metrics 40

Your Virtual Credit Manager

APRIL 2, 2024

Still others may be predictive of default, financial distress or financial health, and creditworthiness. delinquency or default) than will be found in a random sample. As a rule of thumb, however, the more specific the outcome being predicted, the more accurate will be the score.

Credit Scoring 130

Credit Scoring Credit and Collections Bad Debt Credit Risk 130

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. Subscribe now A Transformative Experience A parts distributor was having difficulty with collections and high dispute volumes.

Credit and Collections 130

Credit and Collections Past Due Invoices Collector Deductions 130

Collenda

MARCH 25, 2022

A large number of adjusting screws in receivables management have an influence on working capital and DSO. The quality of those decisions is ultimately reflected in the Days Sales Outstanding ( DSO ). So, in my mind, the DSO is not only a very important KPI but also a figure defined by dysfunctions.

DSO 52

DSO Days Sales Outstanding Credit and Collections Default 52

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

Your Virtual Credit Manager

NOVEMBER 1, 2022

If you are just getting started working on a collections backlog, we recommend first going after customers with higher probabilities of default, followed by the customers with large amounts past due (to provide cash flow for your business).

Credit and Collections 130

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

Gaviti

JUNE 19, 2023

Focus on Your Most High-Risk Customers Your time and resources are limited, so focus on customers with the most significant risk of default. Gaviti automation tools have helped our clients reduce DSO and convert invoices into cash. Include payment due dates in your invoices and any communication you send out.

Days Sales Outstanding 98

Days Sales Outstanding Credit and Collections Payment Portals DSO 98

TreviPay

OCTOBER 31, 2022

This means Plank is always paid on time even if a buyer defaults on payment. Days Sales Outstanding (DSO) and the need to allocate resources to chase unpaid invoices were eliminated. Days Sales Outstanding (DSO) are eliminated as Plank is always paid on time, even if their buyers’ default on payment. .

Days Sales Outstanding 59

Days Sales Outstanding DSO Default Credit Risk 59

TreviPay

JANUARY 31, 2023

Credit scoring can also help identify potential customers who may be more likely to default on their payments, which can help minimize losses for the company providing the trade credit. It can help to inform decisions about the terms of the credit, such as the amount of credit extended and the interest rate charged.

DSO 52

DSO Days Sales Outstanding Credit Scoring Credit and Collections 52

Gaviti

FEBRUARY 6, 2023

Credit check and risk analyses, which offer a concrete way to determine which clients are most at risk of defaulting on payment terms. As a top area of focus, consider metrics like your days sales outstanding (DSO) rates and how small changes to processes can improve the accounts receivable cycle.

AR Automation 52

AR Automation Accounts Receivable (AR) DSO Days Sales Outstanding 52

Serrala

MARCH 14, 2024

Eliminating or reducing many of the problems caused by difficult manual payments processes, including low and slow conversion, high DSO, matching problems, a lack of visibility, time and money wasted chasing payments. As a result, Kingpolis reduced their average DSO from 26 to 14 days and saved over 60% on their print costs by digitizing.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Default 52

Emagia

FEBRUARY 5, 2023

If the automated AR application can alert the collection team about the probability of any payments getting overdue, they can proactively reach out to such customers to try mitigating the risk of a likely payment defaults. There are case studies that have founds that AI-powered AR automation software helps shorten your DSO up to 25 percent.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Collenda

DECEMBER 7, 2021

Companies in this sector that manage to reduce their days sales outstanding (DSO) gain an advantage. Improve liquidity and DSO. Experience shows that companies that optimise their workflows and processes and map them digitally dramatically improve cash flow and days sales outstanding (DSO). Modern software solutions can help.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Dashboards 52

Serrala

AUGUST 29, 2022

Schedule a Demo Key Collection Management Software Capabilities Collection Scoring A unique feature that defines a customer collection score based on flexible KPI’s, indicating the risk of late payments or possible defaults with collection strategies automatically adapting based on score calculated. Find out more. Interested in a demo?

Invoice to Cash 52

Invoice to Cash DSO Dashboards Deductions 52

Serrala

OCTOBER 31, 2022

SAP S/4 Hana implementation will also reduce DSO and enable you to reallocate your most important resources. . You will have 400 plus pre-built reporting KPIs available to you generating automatic matching rates, DSO (days sales outstanding), payment behaviors, and more. Key Features. AI-Powered Payment Matching. Security is paramount.

Cash Applicator 52

Cash Applicator DSO Days Sales Outstanding AR Automation 52

Serrala

MARCH 14, 2024

Read more Our customers can reduce their DSO (days sales outstanding) significantly by automating manual and repetitive tasks. Read more Reduce DSO and boost efficiency Our customers can reduce their DSO (days sales outstanding) significantly by automating manual and repetitive tasks. section-marketo-background').length>0){

DSO 52

DSO Invoice to Cash Days Sales Outstanding Insurance Companies 52

Onguard

APRIL 28, 2023

If customers default on their payments, this can have serious consequences and provide important insights for the credit management department. Finally, customer segmentation helps reduce the risk of payment default and achieve better results for the entire customer portfolio.

Credit Management 52

Credit Management DSO Credit and Collections Order to Cash 52

Onguard

DECEMBER 1, 2022

If customers default on their payments, this can have serious consequences and provide important insights for the credit management department. Finally, customer segmentation helps reduce the risk of payment default and achieve better results for the entire customer portfolio. How to lower your DSO.

Credit Management 52

Credit Management DSO Credit and Collections Order to Cash 52

Gaviti

NOVEMBER 14, 2022

Data analytics is critical in how companies adjust their credit strategies to reduce the risk of default and late payments. Top companies worldwide have reported lower DSO, more robust cash flow and optimized staffing needs. Additionally, Sage Intacct provides tools to help companies analyze data and generate reports.

Credit and Collections 72

Credit and Collections DSO Invoice Collections Default 72

apruve

OCTOBER 5, 2022

Lack of data or credit management experience that exposes the company to higher default risk. Of these three types of trade credit, bill payable trade credit provides advantages to B2B companies since a third party takes over the default risk. The main benefits of using Apruve are: Decrease DSO (Days Sales Outstanding) to 1 day.

Credit and Collections 52

Credit and Collections Days Sales Outstanding Default DSO 52

Serrala

MARCH 14, 2024

Read more Our customers can reduce their DSO (days sales outstanding) significantly by automating manual and repetitive tasks. Read more Reduce DSO and boost efficiency Our customers can reduce their DSO (days sales outstanding) significantly by automating manual and repetitive tasks. Bild What can our AR solutions do for you?

Credit and Collections 52

Credit and Collections DSO Days Sales Outstanding Invoice to Cash 52

apruve

SEPTEMBER 14, 2022

The Apruve Payment Platform automates credit, payments and A/R processes, while lenders in the Apruve Global Credit Network take on the risk of late and default payments. Apruve’s end-to-end digital experience promotes higher conversion rates as well as SMB customer retention and relationship expansion.

Days Sales Outstanding 52

Days Sales Outstanding DSO Default 52

billtrust

NOVEMBER 1, 2022

In other words, happy customers are more likely to pay on time and less likely to default on their payments. One common metric is days sales outstanding (DSO) , which measures the average number of days customers pay their invoices. Finally, maintaining customer satisfaction ensures repeat business and positive word-of-mouth.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Bad Debt Days Sales Outstanding DSO 52

TreviPay

MARCH 20, 2023

Factors for evaluating creditworthiness Average days sales outstanding (DSO) needs to be balanced against supplier terms so that your cash flow remains steady. To reduce the risk of customer defaults, existing clients should go through a periodic credit review and have their credit terms adjusted accordingly – if needed.

B2B Credit 52

B2B Credit Credit Management Credit and Collections Days Sales Outstanding 52

Serrala

MARCH 14, 2024

Read more Learn more Discover how Serrala solutions are transforming the way utilities businesses handle their finances SUCCESS STORY Suez Water Technologies and Solutions – optimizing order to cash to reduce DSO Suez Water Technologies and Solutions help industries worldwide solve their toughest water, wastewater, and process challenges.

Credit and Collections 52

Credit and Collections Automated Cash Application Cash Applicator Bad Debt 52

Gaviti

NOVEMBER 29, 2022

A low DSO means customers are paying their invoices quickly, and a high DSO indicates that customers take a longer time to pay their invoices. Access to the A/R KPI dashboard can help them revise policies to reach more customers or reduce the risk of default. Days Sales Outstanding. Collection Effectiveness Index.

Dashboards 52

Dashboards Average Days Delinquent Credit and Collections Cash Forecasting 52

Credit Research Foundation

APRIL 12, 2024

Risk Mitigation – A seldom noted but important point is that a properly implemented program can reduce your risk of slow payment, fraud, and default within your portfolio.

Credit Card Companies 195

Credit Card Companies B2B Credit Bad Debt DSO 195

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). To receive new posts and support my work, please subscribe for just $5 per month ($49 yearly). Do you need help improving cash flow?

Days Sales Outstanding 130

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

Bectran

MARCH 5, 2025

The inherent risk of default in businesses extending credit makes bad debt accumulation more than a cursory concern, it is a challenge that can strike at the heart of your operations. While this measure can improve DSO in the short term, it can also hurt your companys long-term growth, customer relationships and future cash flow.

Bad Debt 52

Bad Debt High-Risk Accounts Credit and Collections Default 52

Gaviti

MARCH 11, 2025

The introduction of AI has also enhanced fraud detection and risk management, allowing financial institutions to identify potential defaults and fraudulent activities more effectively. Risk Mitigation: Proactive identification and management of potential credit risks reduce the likelihood of defaults and financial losses.

Credit Risk 52

Credit Risk Credit Scoring Credit and Collections Credit Application 52