Your Virtual Credit Manager
APRIL 2, 2024
Still others may be predictive of default, financial distress or financial health, and creditworthiness. While credit scores will not always predict the expected result, they are statistically correlated to predict a much higher occurrence of a given outcome (e.g., delinquency or default) than will be found in a random sample.
Your Virtual Credit Manager
AUGUST 29, 2023
The point is, if DSO is rising, you need to check to determine if collections are the problem. Receivables Are Getting Older: Your AR aging report categorizes outstanding invoices by their age. If a significant portion of your receivables are in the "overdue" categories (e.g.,
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Your Virtual Credit Manager
DECEMBER 6, 2022
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. This software firm did not actively manage its AR.
Your Virtual Credit Manager
JUNE 20, 2023
In terms of extending credit, tightening credit controls to minimize the risk of bad debt loss is a natural result of this mindset. Tighten monitoring and control over your larger high risk customers — This will help eliminate or greatly reduce large bad debt losses that can seriously harm your cash flow.
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