Your Virtual Credit Manager
JANUARY 3, 2023
Email us to learn how the experts at Your Virtual Credit Manager can help you clean up your AR Ledger and increase cash flow by improving your Collection Process. The first month after we automated a few basic tasks to supplement our accounting package, we realized an increase in collections of 30 percent.
Your Virtual Credit Manager
NOVEMBER 14, 2023
It affects the level of bad debt loss (uncollected Accounts Receivables) you suffer. Selling only to financially strong customers reduces the risk of bad debt loss, (and the cost of Credit and Collections activity required). The increased risk of a significant bad debt loss that your firm bears.
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Your Virtual Credit Manager
FEBRUARY 7, 2023
By securing the payment mechanism that will be used during the customer onboarding process, payments are embedded in the transaction, eliminating most late payments. The pleasant surprise was that during this process, we found that end-to-end AR automation actually solves much more than just late payments. The list can go on.
Lockstep
JUNE 15, 2022
The credit plan will help your organization reduce bad debt and write-offs. You may want to reduce average outstanding receivables by 5% or decrease bad debt by 10% year-over-year. These first goals are important because they help the credit and collections department understand the purpose and intent.
Emagia
FEBRUARY 5, 2023
These days, with various data points related to your customers available in the public domain and technologies available to collect and analyze them in the way it is required, the credit authorization process is mostly driven by data and analytics provided by AR automation tools.
Lockstep
JULY 27, 2022
Increased customer loyalty: Offering credit terms can show customers that you trust them and are willing to work with them, which can lead to increased loyalty and repeat business. . However, there are also some risks associated with offering customer credit, including: .
Gaviti
JULY 11, 2024
Advanced A/R automation software, such as Gaviti, enables you to measure A/R team performance as well as the performance of individual team members. Schedule a Product Demo The 7 Best Accounts Receivable (AR) Automation Software Different accounts receivable automation solutions offer different benefits.
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