Your Virtual Credit Manager

MARCH 19, 2024

If all your customers paid promptly — by the time the invoice was due — you would not need to do any collection work. Collections is a reactive process. The amount of collection activity with which you are tasked is directly proportional to your customers’ payment habits.

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Accounts Receivable (AR) 100

Your Virtual Credit Manager

NOVEMBER 28, 2023

Whether you have automated AP or not, you’ll need to generate a comprehensive listing of all vendor invoices with their amounts and due dates, which you can then sum up into weekly or monthly payment forecasts. You will also need to account for a certain level of disputed invoices.

Cash Forecasting 130

Cash Forecasting Credit and Collections Accounts Receivable (AR) Invoice Disputes 130

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.

Debt Collections 52

Debt Collections Credit and Collections DSO Invoice Collections 52

Your Virtual Credit Manager

JANUARY 10, 2023

Photo by Patrick Hendry on Unsplash Although defaults resulting in significant bad debt losses are a rare event for trade creditors, much of the focus of AR Management is on credit risk. Banks make money by lending so they pay close attention to the credit risk of the borrower. Invoice Errors How accurate is your invoicing?

Credit and Collections 130

Credit and Collections Bad Debt Invoice Disputes Credit Management 130

Credit Management Group UK

MARCH 28, 2023

Issues for cash flow in recruitment SMEs within the UK are owed billions in late payments; this is an issue that is affecting all industries, in businesses of all sizes and is likely to continue for as long as businesses continue to provide credit.

Invoice Disputes 85

Invoice Disputes Credit and Collections Credit Management 85

Your Virtual Credit Manager

MAY 9, 2023

Should you forecast a cash shortage at any point, you will then have time to: Devise ways to increase your cash inflow, often involving more aggressive collections of your accounts receivable Plan which expenditures can be reduced and/or delayed Not a subscriber … why don’t you take advantage of a free YVCM subscription?

Cash Forecasting 130

Cash Forecasting Accounts Receivable (AR) Invoice Disputes Credit and Collections 130

Credit Management Group UK

NOVEMBER 21, 2022

Produce – Deliver – Invoice are the stages of the Order to Cash in which you will manage your invoice disputes, how quickly you resolve these disputes greatly impacts how quickly you are paid. What can be disputed?

Invoice Disputes 59

Invoice Disputes Order to Cash Credit Management 59