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It's Time for a Layered Approach to Collections

Your Virtual Credit Manager

The evolution of Accounts Receivables (AR) automation has revolutionized our collection strategies. Manual collection processes centered on an aged accounts receivable trial balance (ARTB) lack the regimentation and efficiency brought about by automation. What do you need help with?

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Strategies for Navigating Elevated Interest Rates

Your Virtual Credit Manager

There has always been a strong correlation between the cost of funds and accounts receivable (AR) management. Any delays in receiving payments from customers can, therefore, have a more pronounced effect on a company's bottom line profits. If they cannot pay on time, they are not worth the additional collection effort.

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Divide and Conquer Your Past Due AR

Your Virtual Credit Manager

This misguided search for a singular understanding applies to many things, including collecting Accounts Receivable (AR). Optimal Collection results are achieved by utilizing different collection techniques with different types of customers. “One size does not fit all.”

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Rising Interest Rates’ Impact on Accounts Receivable

Lockstep

As the Federal Reserve tightens interest rates at the highest level in over 20 years, it’s a good time to review your manual accounts receivable (AR) processes to seek out your unresolved cash traps. It’s no surprise that rising interest rates are causing companies to evaluate their AR and cash position. .

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Three More Ways to Reduce Your Outstanding Accounts Receivable

Lockstep

Is your AR aging creeping beyond resolution? Are you even able to review and report on your aging accounts receivable? The role of accounts receivables (AR) teams is increasingly important as the backbone of your organization’s financial health. Enter Award-Winning Lockstep .

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A Complete Guide to Average Collection Period Formula with Example

Emagia

The average collection period is an important accounting metric that evaluates a company’s ability to manage its accounts receivable (AR) effectively. What is an Average Collection Period? It is a crucial indicator of a company’s financial health and liquidity.

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Three Ways to Reduce Your Outstanding Accounts Receivable

Lockstep

Is your AR Aging creeping beyond resolution? Are you even able to review and report on your aging accounts receivable? The role of accounts receivables (AR) teams is increasingly important as the backbone of your organization’s financial health. Enter Award-Winning Lockstep .