Your Virtual Credit Manager

MARCH 14, 2023

Commercial collections is no different. Collection myths can be found at the very root of bad decisions as well as informing counter-productive activities. Adhering to collection myths more often than not leads to bad outcomes. Simply put, collection myths get in the way of doing the best job possible. Subscribe now 1.

Collector 189

Collector Past Due Invoices Bad Debt Credit and Collections 189

Gaviti

SEPTEMBER 7, 2023

Most business managers use the standard DSO when running the calculations, but it is also possible to calculate the best DSO. What Is ‘Standard’ DSO? Most often, managers use a timed cycle to calculate DSO. Most companies consider a DSO under 45 days to illustrate decent performance.

DSO 52

DSO Days Sales Outstanding Past Due Invoices Credit and Collections 52

TreviPay

MARCH 20, 2023

Credit management is integral to accounts receivable management. Good credit management supports consistent cash flow, smooth payment collections, customer satisfaction, and much else. It covers multiple different smaller components involved in issuing, monitoring, and collecting credit.

B2B Credit 52

B2B Credit Credit Management Credit and Collections Days Sales Outstanding 52

Your Virtual Credit Manager

DECEMBER 19, 2023

As part of that budget, you have likely made some accommodation for your accounts receivable (AR), probably in the form of a Days Sales Outstanding (DSO) objective based on past performance. Maybe you have factored in an incremental improvement in DSO, but how much thought have you given to how you are going to meet that budgeted goal?

DSO 130

DSO Third Party Collections Credit and Collections Deductions 130

Onguard

OCTOBER 31, 2023

Credit management, a term often associated with the finance department, turns out to be a dynamic process involving several departments within an organisation. Let’s face it, manual credit checks and invoice processing can be time-consuming and error-prone. Think sales, marketing, customer success and IT.

Credit Management 52

Credit Management Days Sales Outstanding Credit and Collections DSO 52

Onguard

MAY 16, 2023

This makes for a challenging time for credit management staff. For one in five (18%) organisations, the uncertain economic conditions create challenges in improving credit management. A healthy DSO In a good approach to credit management, having a healthy DSO is crucial.

Credit Management 52

Credit Management DSO Credit and Collections 52

Onguard

APRIL 28, 2023

Using credit management software makes it possible to bring together all customer information and generate a comprehensive customer profile. Read further and discover how Visma | Onguard’s credit management solution can help your organisation streamline its customer journey. Credit management software solutions 4.

Credit Management 52

Credit Management DSO Credit and Collections Order to Cash 52

Your Virtual Credit Manager

JULY 25, 2023

Turning your inventory over faster and your payables slower will add cash to your balance sheet, as will raising capital by selling shares in your company or getting a loan or line of credit. Here are the KPIs you will need at a minimum: Days Sales Outstanding (DSO) - This metric tells you how fast you are converting your sales into cash.

Best Possible DSO (BPDSO) 130

Best Possible DSO (BPDSO) DSO Cash Forecasting Credit and Collections 130

Onguard

MAY 16, 2023

This makes for a challenging time for credit management staff. For one in five (18%) organisations, the uncertain economic conditions create challenges in improving credit management. A healthy DSO In a good approach to credit management, having a healthy DSO is crucial.

Credit Management 40

Credit Management DSO Credit and Collections 40

Onguard

AUGUST 9, 2023

Which FinTech technologies are transforming the credit management process? Digital transformations: the future of credit management Big data & AI Expectations of big data and artificial intelligence (also known as artificial intelligence or AI) have been high for years.

Credit Management 52

Credit Management Credit and Collections Invoice Amount DSO 52

Onguard

DECEMBER 1, 2022

Using credit management software makes it possible to bring together all customer information and generate a comprehensive customer profile. Read further and discover how Visma | Onguard’s credit management solution can help your organisation streamline its customer journey. . Credit management software solutions.

Credit Management 52

Credit Management DSO Credit and Collections Order to Cash 52

Lockstep

JUNE 15, 2022

For B2B businesses, credit management is essential for accounts receivable (AR) management success. Proper, healthy credit management allows for steady cash flow, better collections management and a manageable days sales outstanding (DSO). . Getting Started .

AR Automation 89

AR Automation Bad Debt DSO Accounts Receivable (AR) 89

Your Virtual Credit Manager

JULY 11, 2023

This article focuses on one widely used metric, Days Sales Outstanding (DSO) and the best ways to understand it. Subscribe now Understanding DSO DSO, (along with an Aging Analysis of the unpaid AR), is the most popular metric used to gauge AR management performance. quarter, year-to-date, 12 months, etc.)

Best Possible DSO (BPDSO) 100

Best Possible DSO (BPDSO) DSO AR Metrics Credit and Collections 100

Credit Tools

NOVEMBER 23, 2022

Attend the flash presentation of My DSO Manager, leading software for cash collection and credit management.

DSO 52

DSO Credit and Collections Credit Management 52

Gaviti

FEBRUARY 17, 2024

For some customers, however, you’ll need another strategy altogether for collecting unpaid and overdue invoices: debt collection. The Key Components of Effective A/R Management The main aspect of A/R management is the collections of receivables. Streamlined credit management. Dispute resolution.

Debt Collections 52

Debt Collections Credit and Collections DSO Invoice Collections 52

Onguard

FEBRUARY 23, 2023

CFOs and CEOs, are you familiar with DSO? While many businesses focus on improving their DPO (supplier side) and DOI (inventory holding) metrics to enhance their cash flow, the real impact can be found by examining your customer base and their payment habits, which is reflected in the DSO metric. How do you calculate DSO?

DSO 40

DSO Sales Weighted DSO Credit and Collections Collector 40

Credit Tools

FEBRUARY 10, 2023

With the Sellsy connector, you can automatically import your customer and accounting data into My DSO Manager and begin managing your customer account in our collection and credit management.

DSO 52

DSO Credit and Collections Credit Management 52

Credit Tools

FEBRUARY 10, 2023

With the Sellsy connector, you can automatically import your customer and accounting data into My DSO Manager and begin managing your customer account in our collection and credit management.

DSO 52

DSO Credit and Collections Credit Management 52

Your Virtual Credit Manager

DECEMBER 6, 2022

If your sales are consummated via payment at the point of sale, which may involve “pay with order” or “pay on delivery” protocols involving a credit card or an online e-payment product, managing Accounts Receivable (AR) will not be big issue for you. it just might help them pay you sooner!

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

Your Virtual Credit Manager

JANUARY 3, 2023

Over time, AR Ledgers unfortunately tend to collect “Clutter.” Clutter can also cause new orders to be placed on a credit hold when it otherwise would have been automatically released. Share How to Clean Up Your AR Ledger Launch a collection program to collect all past due invoices at least 15 days late.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Emagia

NOVEMBER 21, 2023

Most recently that meant talking with a group of leaders in the B2B credit industry as part of NACM South Central’s annual “Day at the Races” event in Louisville, KY. How can AI help decrease DSO (Days Sales Outstanding)? Reducing Days Sales Outstanding (DSO) is a perpetual challenge, and AI emerges as a strategic ally in this pursuit.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections B2B Credit 52

Credit Tools

SEPTEMBER 22, 2022

1,200 companies in 85 countries accelerate their collections and improve their customer satisfaction thanks to our Credit Management and cash collection software! Why not yours?

DSO 52

DSO Credit and Collections Credit Management 52

Your Virtual Credit Manager

APRIL 25, 2023

Inevitably you will need to initiate collection activities; in other words, start requesting past due customers pay what they owe your firm for goods and/or services provided on credit terms. What are the other tasks that will not get done or be delayed because of the time you devote to collections?

Credit and Collections 130

Credit and Collections Past Due Invoices Collector DSO 130

TreviPay

JANUARY 31, 2023

In-house trade credit management – a costly distraction and unnecessary risk Managing your in-house trade credit program may once have seemed like a good idea – but much has changed: costs and complexity have spiraled. At the same time, the risk of underwriting trade credit is also eliminated.

DSO 52

DSO Days Sales Outstanding Credit Scoring Credit and Collections 52

Gaviti

NOVEMBER 29, 2022

It also gives companies the ability to move away from manual tracking in spreadsheets, to a real-time dashboard, which saves time and gives a full and reliable visualization of the current state of collections. So, how can using a collection dashboard help, and why is it so indispensable as a growth tool? First Pass Yield.

Dashboards 52

Dashboards Average Days Delinquent Credit and Collections Cash Forecasting 52

Your Virtual Credit Manager

APRIL 11, 2023

Subscribe now Ten Reasons Accounts Receivables Under Perform Failure to Conduct Credit Checks: Sometimes newer business are so excited to get an order, they fail to check the new customer’s credit, only to end up selling to a deadbeat and not getting paid. Here’s more on Credit Checks. An under performing AR.

Bad Debt 130

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

Gaviti

MARCH 3, 2024

For example, RPA in accounts receivable can automate invoice distribution, payments, collections, payment matching and reconciliation. RPA use cases in finance include invoice processing, bank reconciliation, accounts payable and receivable, payroll processing and credit and risk management. A/R management and automation.

DSO 52

DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

Credit Tools

AUGUST 31, 2022

Do you have experience in BtoB collection and/or credit management, with good interpersonal skills, bilingual french/english? Are you looking for a professional opportunity in a special company,

DSO 52

DSO Credit and Collections Credit Management 52

Your Virtual Credit Manager

SEPTEMBER 13, 2022

Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo. If not approved, there should be an attempt to collect the disputed amount to avoid diluting profits, and if not collected, the deduction should be cleared by a bad debt write-off.

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Collenda

JULY 19, 2023

Aryza Launches Aryza Dunning to optimise receivables management in the UK and Ireland Aryza, a leading provider of financial software solutions, is proud to announce the launch of Aryza Dunning in the UK and Ireland. Its state-of-the-art security architecture meets the highest standards.

DSO 52

DSO Days Sales Outstanding Credit and Collections Credit Management 52

Collenda

MARCH 25, 2022

Receivables Management: “Find your cash leaks!”. A large number of adjusting screws in receivables management have an influence on working capital and DSO. Collenda held a Webinar together with the credit management consulting firm CRiON about working capital performance, do you see a lot of need for improvement?

DSO 52

DSO Days Sales Outstanding Credit and Collections Default 52

Know-It Global

APRIL 13, 2023

Debtor days, or as some call days sales outstanding (DSO), is a measure of how long it takes for a company to collect payment from its customers. High debtor days figures suggest that a business takes too long to collect payment. Business credit scores, credit ratings and credit limits are never fixed, they do change.

Credit and Collections 97

Credit and Collections Days Sales Outstanding Credit Scoring DSO 97

Emagia

FEBRUARY 5, 2023

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.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Lockstep

MAY 4, 2022

Still, there are some fundamental and easily-deployed tactics that are sometimes forgotten in the rigmarole of daily activities – tactics and concepts that every credit department can use to reduce outstanding receivables. . Who can increase credit limits or change credit terms? . Manage Your Team Resources.

AR Automation 81

AR Automation Accounts Receivable (AR) AR Aging Credit and Collections 81

apruve

OCTOBER 5, 2022

Technology is revolutionizing business payments and trade credit management. If you’re a large business looking for better ways to manage trade credit , you might be wondering: How does trade credit work today? Fintech innovation makes it possible to automate all aspects of the trade credit process.

Credit and Collections 52

Credit and Collections Days Sales Outstanding DSO Default 52

TreviPay

OCTOBER 18, 2023

TreviPay’s composable technology platform enables banks around the world to deliver automated accounts receivable, underwriting and trade credit management solutions to their large commercial clients. The global trade credit market is worth over $40 trillion and is a large opportunity ready to be explored by banks.

Credit and Collections 59

Credit and Collections DSO Credit Management Transactions 59

Emagia

OCTOBER 31, 2022

Why should credit management be automated. How important is the automation of credit management for business growth. Autonomous finance eliminates efficiency bottlenecks in finance operations such as credit management, accounts receivables, accounts payables, cash flow, budgeting, F&PA, and other financial processes.

Credit and Collections 59

Credit and Collections Bad Debt Credit Management DSO 59