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

The Esker Blog

DECEMBER 13, 2022

With the New Year right around the corner, it’s an opportune time for finance leaders to review, reassess and rethink their accounts receivable (AR) strategies. Within the invoice-to-cash (I2C) process, there are many areas that AR leaders could focus on. Is your DSO longer than the industry average?

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Accounts Receivable (AR) DSO Bad Debt Invoice to Cash 97

Lockstep

JUNE 1, 2022

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. .

AR Automation 75

AR Automation Accounts Receivable (AR) DSO Credit and Collections 75

Your Virtual Credit Manager

APRIL 2, 2024

As such, they are just one of the many tools, such as credit reports, supplier and bank references, and financial statement analysis, that can help assess a business's creditworthiness. Commercial credit scores are often not as well understood as consumer credit scores such as FICO.

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Credit Scoring Credit and Collections Bad Debt Credit Risk 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). . Get Started with Lockstep Today! Learn More.

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AR Automation Bad Debt DSO Accounts Receivable (AR) 89

Lockstep

DECEMBER 15, 2022

Ensuring this secure connection allows Acumatica customers to leverage the award-winning accounts receivable automation technology to elevate Acumatica users’ collections strategy, while DSO by 30%. About Lockstep: Lockstep is a connected accounting network that automates accounting workflows between companies.

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Accounts Receivable (AR) DSO 75

Lockstep

NOVEMBER 16, 2022

In today’s fast-paced, competitive business environment, it’s more important than ever to optimize your accounts receivable (AR) processes. One way to do this is by leveraging automated customer communications as part of your broader accounts receivable automation strategy.

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AR Automation Accounts Receivable (AR) Days Sales Outstanding DSO 88

Lockstep

MAY 4, 2022

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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AR Automation Accounts Receivable (AR) AR Aging Credit and Collections 81

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.” .

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Accounts Receivable (AR) Days Sales Outstanding DSO 52

Emagia

NOVEMBER 2, 2023

Beyond ChatGPT: Understanding the Trends of Evolving Generative AI For Finance Beyond ChatGPT: Unlocking the Power of GenAI in Billing Beyond ChatGPT: Unlocking the Power of GenAI in Receivables Collection Generative Artificial Intelligence (GenAI) is generating significant buzz in today’s business landscape.

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Cash Applicator Accounts Receivable (AR) AR Automation Credit and Collections 52

Your Virtual Credit Manager

SEPTEMBER 13, 2022

They occur because a customer does not receive your product or service as ordered, or feels the invoice is incorrect. Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo.

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Deductions Credit and Collections DSO Accounts Receivable (AR) 130

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.

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

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.

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

Emagia

MAY 16, 2023

The average collection period is an important accounting metric that evaluates a company’s ability to manage its accounts receivable (AR) effectively. The average collection period is the length of time it takes for a company to receive payment from its customers for accounts receivable (AR).

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections DSO Credit Sales 52

Lockstep

APRIL 13, 2022

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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Accounts Receivable (AR) AR Automation AR Aging Credit and Collections 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.

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AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 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). Talk about a time suck!

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

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Automated Cash Application Cash Applicator Days Sales Outstanding AR Automation 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). AR automation also increases customer relations because of a user-friendly billing process.

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

The Esker Blog

JANUARY 3, 2023

Days Sales Outstanding (DSO) is a common measure for how long it takes a company to collect on an invoice. The goal is to reduce DSO to have the lowest DSO possible and quickly recover payment on accounts receivable (AR). DSO = ($125,000 / $950,000) × 365 days = 48.

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DSO Accounts Receivable (AR) Credit and Collections Days Sales Outstanding 98

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.

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

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. If DSO is rising, you are falling behind.

DSO 130

DSO Credit and Collections Bad Debt Collection Effectiveness Index 130

Gaviti

APRIL 18, 2024

As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (AR) collections aging report. What Is an AR Aging Report? Track a range of traditional KPIs such as Total A/R, DSO, collections rate, and customer risk in addition to unique smart KPIs.

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AR Aging Credit and Collections Bad Debt Accounts Receivable (AR) 52

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, It also will typically deliver a 10-20 percent improvement in Days Sales Outstanding (DSO) within six months to a year. 15 days or 120 days?)

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

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.

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AR Automation DSO AR Metrics Accounts Receivable (AR) 52

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. The benefits of shorter payment terms While the buyer in a supply chain relationship wants longer payment terms, suppliers are vying for the opposite.

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Days Sales Outstanding DSO Accounts Receivable (AR) Transactions 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

Lockstep

MAY 19, 2022

Designed as a shared inbox, Lockstep Inbox is meant for the individual or a team in the accounting department who communicates directly with customers and/or vendors. As needed, accounting teams can upgrade to paid plans that have advanced automation. Get Started with Lockstep Today! Learn More. The post What is Lockstep® Inbox?

Accounts Receivable (AR) 112

Accounts Receivable (AR) DSO Transactions 112

billtrust

DECEMBER 20, 2022

If a business relies on an outdated, manual process, this can be time-consuming, ultimately extending DSO. Plus, they also deal with nonstandard remittances from disparate payment sources. And we all know that working capital is essential for any CFO and, by extension, a business.

AR Automation 52

AR Automation Digital Lockbox Cash Applicator Collector 52

Lockstep

JUNE 14, 2022

Designed as a shared inbox, Lockstep Inbox is meant for the individual or a team in the accounting department who communicates directly with customers and/or vendors. As needed, accounting teams can upgrade to paid plans that have advanced automation. Get Started with Lockstep Today! Learn More. The post What is Lockstep® Inbox?

Accounts Receivable (AR) 10

Accounts Receivable (AR) DSO Transactions 10