Your Virtual Credit Manager

FEBRUARY 21, 2023

That certainly holds true for business processes, including the management of your Accounts Receivable (AR) and the part it plays in the order-to-cash process. If your AR is deteriorating, you better diagnose the problem as quickly as possible so you don’t incur cash flow problems and bad debt losses.

DSO 130

DSO Credit and Collections Collection Effectiveness Index Bad Debt 130

Your Virtual Credit Manager

AUGUST 29, 2023

As you review your metrics, here are five signs that there may be a problem with your collection practices: DSO Is Rising: Days Sales Outstanding is the most common metric for measuring accounts receivable (AR) performance. As the saying goes, you can’t manage what you don’t measure.

DSO 130

DSO Credit and Collections Bad Debt Collection Effectiveness Index 130

Your Virtual Credit Manager

DECEMBER 19, 2023

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

DSO Third Party Collections Credit and Collections Deductions 130

Lockstep

JUNE 15, 2022

For B2B businesses, credit management is essential for accounts receivable (AR) management success. Proper, healthy credit management allows for steady cash flow, better collections management and a manageable days sales outstanding (DSO). .

AR Automation 89

AR Automation Bad Debt DSO Accounts Receivable (AR) 89

billtrust

NOVEMBER 1, 2022

The primary goals of accounts receivable The best KPI for accounts receivable Ten AR optimization goals you should accomplish How to get paid faster with key collection strategies How accounts receivable automation can eliminate manual tasks.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Bad Debt Days Sales Outstanding DSO 52

Lockstep

DECEMBER 2, 2022

By using dedicated email accounts for accounts receivable (AR) and accounts payable (AP), businesses can avoid some of the common pitfalls that come with a lack of organization. In this blog post, we will discuss the benefits of using shared accounting inboxes and how they can help your business grow.

Accounts Receivable (AR) 85

Accounts Receivable (AR) Days Sales Outstanding Small Businesses 85

Lockstep

MAY 17, 2022

This week, we are celebrating the success of our wonderful customers, because accounting teams are the backbone of every business. Even more so, without the organization and fortitude of the accounts receivable (AR) teams, cash flow would be a “cash trickle.” .

Accounts Receivable (AR) 52

Accounts Receivable (AR) Days Sales Outstanding DSO 52

Your Virtual Credit Manager

JULY 11, 2023

Accounts Receivable (AR) is among the three largest assets on most companies’ books — inventory along with plant and equipment are the other two. AR is also the primary source of cash to fund daily operations. Not a subscriber … why don’t you take advantage of a free YVCM subscription?

Best Possible DSO (BPDSO) 100

Best Possible DSO (BPDSO) DSO AR Metrics Credit and Collections 100

Your Virtual Credit Manager

APRIL 11, 2023

Accounts Receivables (AR) require active management. Any O2C friction that results will ultimately have a negative affect on AR performance. Photo by Elisa Ventur on Unsplash When a company’s AR under-performs, the consequences are substantial. There are multiple costs and vulnerabilities that emerge.

Bad Debt 130

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

Your Virtual Credit Manager

DECEMBER 6, 2022

If your sales are consummated via payment at the point of sale, which may involve “pay with order” or “pay on delivery” protocols involving a credit card or an online e-payment product, managing Accounts Receivable (AR) will not be big issue for you.

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

Your Virtual Credit Manager

JULY 25, 2023

The other option you have involves improving the performance of your accounts receivable (AR). Chances are there is a substantial amount of liquidity that is trapped in your AR portfolio. That is why it is critical to identify some KPIs that will provide indications you are achieving your AR management goals.

Best Possible DSO (BPDSO) 130

Best Possible DSO (BPDSO) DSO Cash Forecasting Credit and Collections 130

Your Virtual Credit Manager

NOVEMBER 1, 2022

The key factors informing your prioritization scheme are: The amount of the past due accounts receivable (AR) The age of the past due AR (e.g, 15 days or 120 days?) It also will typically deliver a 10-20 percent improvement in Days Sales Outstanding (DSO) within six months to a year.

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Past Due Invoices Credit and Collections Bad Debt Accounts Receivable (AR) 130

The Esker Blog

FEBRUARY 21, 2023

When a longer DPO is coupled with shorter days sales outstanding (DSO) , a company can create a shorter cash-conversion cycle that further increases liquidity, allowing the company to grow. For many organizations, this line of credit with their supplier is more practical than bank loans.

Days Sales Outstanding 52

Days Sales Outstanding DSO Accounts Receivable (AR) Transactions 52

Lockstep

MARCH 29, 2022

Marrying this data is important, but you are left checking platforms, ERP, and spreadsheets to accurately connect with customers and vendors. And knowing where you stack up regarding days sales outstanding (DSO) or AR Aging? There’s a better way to manage accounts receivable (AR).

AR Aging 52

AR Aging Accounts Receivable (AR) Days Sales Outstanding DSO 52

Gaviti

SEPTEMBER 19, 2022

In particular, we’re seeing automation become the norm in accounts receivable (AR) functions, with teams seeing immediate results from streamlined collections processes and improved cash flow. . Monitoring AR metrics like days sales outstanding ( DSO ) is one of the best places to start.

AR Automation 52

AR Automation DSO AR Metrics Accounts Receivable (AR) 52

Emagia

JULY 3, 2023

Cash Application Automation for True Straight-Through Processing It takes a lot of human effort for your internal accounts receivable (AR) personnel to manually match payments to customers’ accounts. Consider using cash application software and AR automation to simplify this procedure and reduce manual labor.

Automated Cash Application 52

Automated Cash Application Cash Applicator Days Sales Outstanding AR Automation 52

The Corcentric Blog

JUNE 27, 2023

Accounts Receivable automation has been increasingly adopted by businesses as a way to streamline their financial processes and optimise their cash flow. Many similar technologies are already in use for accounts payable (AP) departments, such as algorithms and AI to automate the processing of invoices received.

AR Automation 52

AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 52

Gaviti

FEBRUARY 6, 2023

As accounting processes continue to evolve, it’s becoming increasingly clear that harnessing the power of technology can help businesses streamline their operations and make more informed decisions. Below, we’re reviewing some of the top accounts receivable challenges in 2023 and offering quick ways to shore up your collections process.

AR Automation 52

AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 52

Emagia

JUNE 19, 2023

Using an accounts receivable (AR) automation platform like Versapay, you can eliminate manual invoicing and automate this process. In turn, it facilitates efficient payments and reduces days sales outstanding (DSO). This saves time, reduces errors, and prevents lost files.

AR Automation 52

AR Automation Past Due Invoices Accounts Receivable (AR) Credit and Collections 52

TreviPay

AUGUST 11, 2023

Chief financial officers (CFOs) and treasurers are also under pressure to refine and improve cash flow management practices, reduce unpaid invoice write-offs, and streamline workflows. Conventional AR processes and paper-based workflows do not suit remote work. Other factors have come into play as well, including the following: 1.

Credit Card Payments 52

Credit Card Payments Accounts Receivable (AR) Days Sales Outstanding Transactions 52