Your Virtual Credit Manager

JANUARY 30, 2024

Learn More About YVCM Consulting The Traditional Approach to Automating Collections Automation introduced a structured approach to collection strategies, driven by trigger events such as days past due, missed payments, or non-responsiveness to communication. What do you need help with?

Credit and Collections 130

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

Collenda

DECEMBER 14, 2023

How does debt collection automation work in practice? While the benefits of using technology to aid debt collection are clear on the side of the creditor, debtors too can benefit from the convenience and sense of anonymity automation brings. Debt collection automation helps keep the collection process at arm’s length.

Debt Collections 90

Debt Collections Collections Automation Transactions 90

Your Virtual Credit Manager

APRIL 9, 2024

If they cannot pay on time, they are not worth the additional collection effort. Invest in Technology: Leverage technology solutions, such as e-billing platforms, collection automation and auto-cash, to streamline processes, improve efficiency, and gain better insights into AR performance.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Credit Card Payments Collections Automation 130

Grit

APRIL 23, 2024

Data Collection Automated systems help you collect and store order execution-related data. Order Execution Technicians have access to comprehensive information regarding the work order, such as the necessary parts, instructions, and pertinent paperwork.

Collections Automation 52

Collections Automation 52

Your Virtual Credit Manager

DECEMBER 5, 2023

Make Your Virtual Credit Manager your trusted source for expert advice on Credit & Collection Management Best Practices : credit extension, risk mitigation, debt recovery, cash flow enhancement and more. In most cases, you will be able to embed your Collection Strategies in the these types of software solution.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Third Party Collections Credit Risk 130

Your Virtual Credit Manager

JANUARY 3, 2023

This included a 100 percent increase in past due collected. For the full story, check out “ Power Collecting: Automation for Effective Asset Management ,” Piumelli and Schmidt (Wiley 1998), pages 11-14 & 129. During 1995, DSO was reduced by an additional 10 percent, and bad-debt write-offs cut in half.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Gaviti

NOVEMBER 7, 2022

They managed to use their admin at 48% because these automated systems successfully handled multiple thresholds. Collections automation has an even better effect. This, in turn, reduced the rate of AP fraud. It also reduced staffing needs. Because you spend less, profits are higher. .

DSO 52

DSO Credit and Collections Dashboards Cash Forecasting 52