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It's Time for a Layered Approach to Collections

Your Virtual Credit Manager

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?

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Disconnected Systems Leads to Disparate Cash Flows

Lockstep

Whether that be an email that comes in asking for a copy of an invoice an explanation of why they’re being charged a certain amount, these errors will impact days sales outstanding (DSO). . These disconnected systems can hurt cash flows and productivity.

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Accounts Receivable Analysis: Meaning, Objectives, Importance

Gaviti

Are you able to collect invoices on all of the revenue your business generates? What are the average days sales outstanding? The most common is DSO. Consider these additional KPIs: Bad debt ratio: This measures the monetary value of receivables you believe you cannot collect. Collections analytics.