Your Virtual Credit Manager
JANUARY 30, 2024
The evolution of Accounts Receivables (AR) automation has revolutionized our collection strategies. Previously, decisions were largely left to the discretion of individual collectors, resulting in subjective and inconsistent approaches. However, that doesn’t exclude an opportunity to do even better.
Your Virtual Credit Manager
JANUARY 17, 2023
Assign Collections to an Existing Employee : When doing this you need to consider if the person being assigned collection duties has the time and demeanor to be an effective collector. The bottom line was a 13 percent reduction in Days Sales Outstanding (DSO) over a 6 month period in conjunction with invoice accuracy rising above 90 percent.
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Gaviti
FEBRUARY 18, 2024
They simply run into a number of typical accounts receivables challenges on the way. In many traditional collections teams, each individual collector develops their own process for managing invoices. These include: Lack of a unified process. These components include: A/R management. Self-Service Payment Gateway.
Gaviti
FEBRUARY 18, 2024
They simply run into a number of typical accounts receivables challenges on the way. In many traditional collections teams, each individual collector develops their own process for managing invoices. These include: Lack of a unified process. These components include: A/R management. Self-Service Payment Gateway.
Your Virtual Credit Manager
NOVEMBER 1, 2022
The eternal challenge for collectors is that that there are typically more customers to be contacted than time and resources allow. When cash flow is critical, you may even want to reach out to key customer or high risk accounts about a week before payment is due.
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