Your Virtual Credit Manager

JUNE 27, 2023

Photo by Keren Fedida on Unsplash Each business customer presents a unique set of circumstances. Identifying the groupings within your customer accounts receivable (AR) portfolio enables you to deal with them all more effectively and efficiently. PLEASE NOTE: Due to the July 4th holiday there will be no post next week.

Collector 26

Collector Credit and Collections High-Risk Accounts Accounts Receivable (AR) 26

Emagia

JANUARY 2, 2025

In this blog, we will explore the crucial role AI plays in accounts receivable, how it can benefit businesses, and the challenges it presents. What is Accounts Receivable? Accounts receivable refers to the outstanding money owed by customers to a business for goods or services provided.

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Accounts Receivable (AR) Invoice Collections Cash Applicator Automated Cash Application 40

Gaviti

DECEMBER 18, 2024

These advanced technologies are now seamlessly integrated into accounts receivable reporting software, playing a crucial role in optimizing A/R processes, boosting efficiency, and improving overall cash flow for businesses. What Is Accounts Receivable Reporting Software? Greater A/R efficiency.

Collection Effectiveness Index 52

Collection Effectiveness Index DSO Credit and Collections Invoice to Cash 52

Your Virtual Credit Manager

AUGUST 27, 2024

What is, or will be, your firm’s level of exposure to this account? This should be assessed in respect to the level of exposure your customer, including related entities, presents to your entire AR portfolio as well as in relation to their peer group. How have the risks been changing over time? Something to Think About.

Accounts Receivable (AR) 100

Accounts Receivable (AR) Default Credit and Collections Cybersecurity 100

Your Virtual Credit Manager

NOVEMBER 14, 2023

Credit industry groups discuss the payment history of common customers, but they always have an independent moderator present so that customer discussion do not veer off onto the topic of how individual companies plan on selling those same customers in the future. Credit Insurance policies often exclude individual, high risk accounts.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

APRIL 11, 2023

That all the above consequences can present themselves simultaneously, only makes the downside worse. 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. Here’s more on Credit Checks.

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

Your Virtual Credit Manager

SEPTEMBER 17, 2024

Electronic Invoice Presentment and Payment (EIPP) platforms benefit both you and your customer, especially when your EIPP solution can communicate electronically with a wide variety of AP invoice capture platforms. Pay special attention to clients who have a history of late payments in an effort to get them to change their habits.

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100