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. it just might help them pay you sooner! Revenue or Profits?
Gaviti
FEBRUARY 4, 2025
Use data-driven insights to improve customer segmentation and prioritize high-risk accounts. Monitor key performance indicators ( KPIs ) like Days Sales Outstanding (DSO) and collection effectiveness to track progress. Many traditional KPIs, like DSO, are not always a good indicator of collection success.
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Gaviti
DECEMBER 18, 2024
Accounts receivable reporting software refers specifically to the elements of A/R that present data and analytics in the form of an accounts receivables report. These types of reports include cash flow forecasting, aging reports, DSO calculations, and A/R performance. A/R performance. Greater A/R efficiency.
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.
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.
Emagia
JANUARY 2, 2025
For example, AI can flag high-risk accounts, giving the AR team the information they need to prioritize collections. FAQs How does AI improve cash flow management in accounts receivable? Emagia also provides businesses with predictive insights, enabling them to make data-driven decisions and optimize their AR processes.
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.
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