Your Virtual Credit Manager

AUGUST 29, 2023

Use the following formula to determine your CEI: (Beginning receivables + Monthly credit sales - Ending total receivables) ÷ (Beginning receivables + Monthly credit sales - Ending current receivables). When the number drops below 80 percent, you should consider making changes to boost collections.

DSO 130

DSO Credit and Collections Bad Debt Collection Effectiveness Index 130

Your Virtual Credit Manager

SEPTEMBER 19, 2023

It involves intensive management of the customer’s total receivable balance supported by a substantial reduction in their credit limit. Such risk-based pricing is facilitated by grouping all high credit risk accounts into a classification that gets charged top dollar for your goods and services.

Credit and Collections 130

Credit and Collections Default Bad Debt Credit Risk 130

Your Virtual Credit Manager

JANUARY 3, 2023

Eventually, the amount of AR over 60 days past due increased to over 50 percent of total receivables. Their sales volume was growing, but they had a collections team that unfortunately lacked focus, a strategy, standard process, and metrics.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

TreviPay

MAY 12, 2023

Firstly, there are two main variables to consider: Ending total receivables: Your accounts receivable balance Total credit sales: The value of your outstanding invoices (usually given in dollars, pounds, euros, etc.) And annually enables comparisons with other years.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Total Receivables 52

TreviPay

MAY 12, 2023

Firstly, there are two main variables to consider: Ending total receivables: Your accounts receivable balance Total credit sales: The value of your outstanding invoices (usually given in dollars, pounds, euros, etc.) And annually enables comparisons with other years.

DSO 52

DSO Days Sales Outstanding Credit and Collections Total Receivables 52

Gaviti

SEPTEMBER 7, 2023

DSO Formula (Ending Total Receivables ÷ Total Credit Sales) x Number of Days What Is the ‘Best Possible’ DSO? This generally manifests as monthly, quarterly or annually. Because it can be calculated and recalculated regularly, it shows a detailed picture of progress over time.

DSO 52

DSO Days Sales Outstanding Past Due Invoices Credit and Collections 52

Gaviti

NOVEMBER 20, 2023

This number is displayed as a percentage: Collection Effectiveness Index = (Beginning Receivables + Monthly Credit Sales – Ending Total Receivables) / (Beginning Receivables + Monthly Credit Sales – Ending Current Receivables) x 100 3.

Collection Effectiveness Index 52

Collection Effectiveness Index Days Sales Outstanding DSO Credit and Collections 52