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?
Your Virtual Credit Manager
JANUARY 3, 2023
The client had been forced to layoff seven of their 16 credit department employees and were desperate to find a way to keep up with collections during their peak season and meet the aggressive DSO goals upper management had set. This included a 100 percent increase in past due collected.
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Lockstep
JUNE 1, 2022
Lockstep’s award-winning accounts receivables (AR) automation solution, Lockstep Receivables , helps clients increase cash flow, decrease DSO, and scale their accounting departments through digital transformation.?. Accounts receivable automation elevates your payments strategy and reduces DSO by 30%. Learn More.
Gaviti
NOVEMBER 7, 2022
At the same time, the worth of shaving even one day off your DSO increases. They managed to use their admin at 48% because these automated systems successfully handled multiple thresholds. Collections automation has an even better effect. Want to know what your DSO is? This, in turn, reduced the rate of AP fraud.
Lockstep
MAY 4, 2022
Collection representatives shouldn’t have to write the same email or letter over and over again to dozens or hundreds of customers when they could quickly mass-mail customers who should receive the same message. . Improve collections efficiency with award-winning Lockstep and see an average 20X ROI. Enter Award-Winning Lockstep .
Lockstep
APRIL 20, 2022
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.
Emagia
MAY 16, 2023
For instance, if a corporation has a 20 day old $500,000 AR balance with an average collection period of 25, it can anticipate receiving payment within a week. Evaluate Credit Terms Typically, a low DSO is advantageous for businesses. However, occasionally, a different scenario might play out.
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