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AR Data Management, AR Automation, & Accelerating Cash Flow

Your Virtual Credit Manager

What’s Involved in “Cleaning” an AR Portfolio In a perfect world, your AR Ledger would contain only whole, current invoices; or at least nothing seriously past due. Over time, AR Ledgers unfortunately tend to collect “Clutter.” Please share this newsletter with your small business customers.

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Manual Billing and Collections Are Draining Your Profits

Your Virtual Credit Manager

Looking around us, the Amazons, Netflixes, and HubSpots of the world were billing and charging clients automatically, while our business’s billing and collections looked pretty much the same as it had been done before computers. Automation is the cost-effective way to increase productivity. Getting paid can be a pain.

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Small Business Credit Management Consulting

Your Virtual Credit Manager

Many times companies find it challenging to do this, and when that happens, working capital and cash flow are impacted. Your Virtual Credit Manager works with SMBs to root out the system constraints, process inefficiencies and hidden risks that create unnecessary transactional friction, thereby diluting profitability and hindering cash flow.

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Leveraging Automation for Customer Credit Scoring

Lockstep

In today’s economy, it is essential to be able to allocate credit where it is needed most. based B2B sales are paid using customer credit, knowing how much credit to extend and to which customers is of dire importance. Issuing too much credit to the wrong customers can lead to disastrous outcomes. .

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What is AI-powered Accounts Receivable Automation Software: How Does it Work and Benefit Businesses?

Emagia

Automation of accounts receivable is the process of automating various manual tasks involved AR process like invoicing, collecting, and tracking receivable to ensure timely collection. Credit Management The starting point in the AR process is credit check, though that is part of broader OTC process.

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What is an Invoice? Best Practices, Tips, and Examples

Emagia

Invoices serve as a record of transactions between businesses and clients. Traditionally, invoicing has printing and mailing physical invoices, but those are very costly. An invoice details the terms of the payment, the deadline for making payments, and the means of payment that are accepted. What is an Invoice Used For?

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Retirement Planning for Business Owners: 10 Strategies to Boost Your Savings

Due

Reducing your expenses and increasing your revenue are the best ways to help your company thrive, allowing you to capitalize on more profits and increase your retirement contributions. These are some of the best strategies: 1. Utilize accounting automation software. Collect cash up front. Negotiate for discounts.