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. The problem with DSO is that AR performance can be improving at the same time DSO is rising.

DSO 130

DSO Credit and Collections Collection Effectiveness Index Bad Debt 130

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 Learn More About Credit Reports Please share this newsletter with your small business customers.

Accounts Receivable (AR) 130

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

Your Virtual Credit Manager

DECEMBER 19, 2023

As part of that budget, you have likely made some accommodation for your accounts receivable (AR), probably in the form of a Days Sales Outstanding (DSO) objective based on past performance. Maybe you have factored in an incremental improvement in DSO, but how much thought have you given to how you are going to meet that budgeted goal?

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. It is best understood in relation to Best Possible DSO (BPDSO) which is essentially what your DSO would be if every customer paid on time. it just might help them pay you sooner!

Best Possible DSO (BPDSO) 130

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

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

JUNE 25, 2024

Rising Days Sales Outstanding DSO measures the average number of days it takes to collect payment after a sale. A rising DSO indicates that your collections are not matching the rate of new sales, and if that goes on for any length of time, your cash flow will not be able to support the volume of your current business operations.

Bad Debt 130

Bad Debt Credit and Collections DSO Days Sales Outstanding 130

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. Subscribe now Understanding DSO DSO, (along with an Aging Analysis of the unpaid AR), is the most popular metric used to gauge AR management performance. The key with DSO is to pick one method and use it consistently.

Best Possible DSO (BPDSO) 100

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

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. appeared first on Emagia.com.

DSO 40

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

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. 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

FEBRUARY 27, 2024

For a small business owner or executive, navigating credit decisions can be challenging, especially when they clash with the goals of other stakeholders within the company. Please feel free to share this newsletter with your small business customers. it just might help them pay you sooner!

Accounts Receivable (AR) 130

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

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

JANUARY 3, 2023

Please share this newsletter with your small business customers. The client had been forced to layoff seven of their 16 credit department employees and were desperate to find a way to keep up with collections during their peak season and meet the aggressive DSO goals upper management had set.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Trade Credit & Liquidity Management

MAY 8, 2025

Fake customers, redirected shipments, and phantom invoices can all slip through weak data controls, especially in businesses without strict oversight. Small businesses have annual median losses to fraud of around $200,000 —and AR fraud is more common than you know.” Just clean transactions from day one.

Credit and Collections 52

Credit and Collections Revenue Recognition DSO Credit Management 52

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

Your Virtual Credit Manager

MARCH 14, 2023

Please feel free to share this newsletter with your small business customers. If you fail to be both strategic and comprehensive in your collection efforts cash flow will be diminished, DSO will rise, and the risk of bad debt losses will increase. it just might help them pay you sooner!

Collector 189

Collector Past Due Invoices Bad Debt Credit and Collections 189

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

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

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

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. Readers of Your Virtual Credit Manager can now access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. it just might help them pay you sooner!

Credit and Collections 130

Credit and Collections Past Due Invoices Collector Deductions 130

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

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

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. Pricing varies based on features and scalability, ranging from affordable options for small businesses to more comprehensive solutions for larger enterprises.

Payment Portals 40

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

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. Make better credit decisions, lower DSO, and reconcile payments with near perfection. Schedule a demo to learn more.

DSO 52

DSO AR Automation Credit and Collections Bad Debt 52

Gaviti

JANUARY 10, 2023

Discrepancies between cash flow and DSO. 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. Supply chain disruptions.

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. The faster they get paid for their invoices (short DSO), the more cash they have on hand to keep operations running and invest in business growth.

Days Sales Outstanding 52

Days Sales Outstanding Accounts Receivable (AR) DSO Transactions 52

Gaviti

OCTOBER 10, 2024

Get the best Autonomous Invoice to Cash Solution out there Gaviti’s Autonomous Invoice to Cash streamlines your A/R processes and brings continuity and predictability to your company’s A/R, Make better credit decisions, lower DSO, and reconcile payments with near perfection. Schedule a demo to learn more.

Invoice to Cash 52

Invoice to Cash Credit and Collections Payment Portals DSO 52

Gaviti

JULY 29, 2024

While payment portal software is a general term that can be used in B2C and B2B contexts, customer payment portal software is a B2C solution mostly for small business owners. Key Features of the Payment Portal Payment portals for B2B businesses help automate a complex payment process that traditionally involves manual steps.

Payment Portals 52

Payment Portals Electronic Funds Transfer Invoice to Cash Credit and Collections 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

Eagle Business Credit

MARCH 18, 2025

Understanding The Impact of Import Tariffs on Your Business: How they could impact your cash flow In today’s volatile trade environment, small business owners face increasing uncertainty surrounding the implementation of import tariffs on goods from overseas. Better understand when you will be under the most pressure.

DSO 40

DSO Small Businesses Deductions 40

Your Virtual Credit Manager

SEPTEMBER 13, 2022

Please feel free to share this newsletter with your small business customers. The results: Recovery of over $500K of invalid deductions (pure profit) Over 90 day receivables reduced by 70 percent DSO reduction of 16 percent This case study also illustrates the cumulative effect deductions can have on profits and cash flow.

Deductions 130

Deductions 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. Although experienced and well-qualified, their small credit department was distracted from doing collections by other responsibilities.

Collector 130

Collector Credit and Collections DSO Debt Collections 130

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