article thumbnail

Resolve to Be More Proactive in 2024

Your Virtual Credit Manager

Share Streamlining Processes and Workflows Another area where being proactive can reduce downstream issues involves your order-to-cash (O2C) process and the tasks associated with it. Please feel free to share this newsletter with your small business customers. it just might help them pay you sooner!

article thumbnail

Get Ready for a Wave of Commercial Bankruptcies

Your Virtual Credit Manager

Likewise, the construction and business services industries, accounting for nearly 20 percent of insolvencies last year, are projected to remain the hardest hit in 2024. percent in 2024 — that’s roughly one in twelve. Automate as much of the Order-to-Cash (O2C) Process as possible. Fitch Ratings forecasts U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Lack of AI Knowledge Internally Slowing Spread of Automation in Shared Service Organizations

Emagia

Adoption of the GBS model is growing, with more than two-thirds of those surveyed already running as GBS and 85% of SSO/GBS companies planning to expand their services, according to insights from the recent SSON Research and Analytics webinar “Global State of the Industry: SSO/GBS Outlook 2024.”

article thumbnail

AI, Inflationary Concerns Take Center Stage at NACM Connect’s Gateway Conference

Emagia

A majority of credit leaders who spoke on site at the Gateway Conference with representatives from Emagia noted that their companies had either begun integrating AI into their credit and finance operations or were actively exploring solutions to implement by early 2024.

article thumbnail

Four Goals Guaranteed to Improve Cash Flow

Your Virtual Credit Manager

If you are an executive at a small or mid-sized business, chances are you are in the process of putting together a budget for 2024, or have already done so. 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
article thumbnail

France’s E-Invoicing Mandate: What It Entails, What It Means for You & How to Ensure Compliance By 2024

The Esker Blog

153 of France’s Finance Law 2020, making e-invoicing mandatory for all domestic B2B transactions starting in 2024. This mandate will gradually be applied between July 1, 2024, and January 1, 2026, according to a schedule and terms set by decree depending on company size and sector of activity. This includes processing any format (e.g.,

article thumbnail

Industry: Pharmaceutical and life sciences

Serrala

Optimizing the Order-to-Cash cycle: Accounts receivable teams trust Serrala Radically simplify even the most complex transactions, automate invoice posting, get paid quicker and with full visibility and compliance across your entire customer ecosystem. section-marketo-background').length>0){ length>0){ jQuery('.mktoFormRow','fieldset[data-wrapper-for~="col1"]').each(function(i,

DSO 52