February, 2024

Remove cash-applicator-invoice-to-cash
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Avoid Falling Into These 7 AR Management Traps

Your Virtual Credit Manager

After all, credit and collections is essential to the performance of your order-to-cash (O2C) process and cash conversion cycle. From processing credit applications to negotiating payment plans, each AR activity you undertake requires thoughtful consideration. it just might help them pay you sooner!

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Get Ready for a Wave of Commercial Bankruptcies

Your Virtual Credit Manager

Following the sharp but short Covid Recession, roughly 5 million small businesses closed shop in the first six months after the economic shutdown, but commercial bankruptcies did not begin increasing until May of 2023, ostensibly due to the government’s economic stimulus programs. That money has now been spent. Fitch Ratings forecasts U.S.

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5 Methods to Reduce Late Payments

Gaviti

L ate invoice payments have the potential to create a snowball effect for your business that you want to avoid at all costs. If late invoice payments cause you to miss loan repayments, it can impact your credit, and, if it continues, can land you in court. They don’t receive a reminder prior to the invoice due date to make a payment.

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5 Methods to Reduce Late Payments

Gaviti

L ate invoice payments have the potential to create a snowball effect for your business that you want to avoid at all costs. If late invoice payments cause you to miss loan repayments, it can impact your credit, and, if it continues, can land you in court. They don’t receive a reminder prior to the invoice due date to make a payment.

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Why is B2B Credit Automation Critical in The Digital Era?

Emagia

Top line, bottom line, and cash flow – the three critical components in business – are the barometers of the health of a business, that influence its sustenance and growth. Order To Cash (OTC) is one business process that impacts all these three elements. This calls for a robust credit management system in place.

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A/R Management vs Debt Collection: What’s the Difference?

Gaviti

Since your company’s ability to get paid quickly directly impacts your cash flow, it’s important that you have a strategy for both your accounts receivable management to encourage the timely payment of invoices. This includes proactively managing invoices that ensures that receivables are paid on time.

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What sources of capital are best for business?

Credibly

The choice you make directly impacts cash flow, risk management, and control over your operations. For businesses with fluctuating revenue or lower credit scores, a merchant cash advance is an excellent option. It’s the lifeline that fuels growth, innovation, and stability. You’ll share your profits with your investors.