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Gleaning Actionable Insights from Credit Scores

Your Virtual Credit Manager

You should also segment your AR portfolio to see how risk is distributed by things like customer purchasing volume, distribution channel, industry type, geographic region, AR aging bucket, and so forth.

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Resolve to Be More Proactive in 2024

Your Virtual Credit Manager

Segmenting your receivables can be based on any number of criteria: industry type, distribution channel, customer risk rating or score, credit limit, AR aging and so on. While these are all useful as a secondary segmentation, the place you want to start is with customer annual purchases from your firm.

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Don't Leave Converting Sales into Cash to Chance

Your Virtual Credit Manager

Under-performing AR has the potential to create a cash flow crisis that can shut down your business in very short order. Without effective AR management, your cash flow is subject to entropy as the AR ages, as well as to the shocks caused by customer defaults.

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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.

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Lockstep Inbox Update: AR and AP Templates

Lockstep

Let’s say your AR aging report notes you have three customers who are 7+ days overdue. For accounts payable, some of the new templates include: Copy of Bill, Action Required for Bill, Request for W9, and Bill Payment Scheduled . How does it work? Accessing the templates is easy.

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Why email makes accountants’ lives difficult: Data, Reporting and Analytics

Lockstep

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? Talk about a time suck! Email isn’t designed for that.

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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.