Your Virtual Credit Manager

APRIL 4, 2023

Supporting profitable sales through the extension of credit Collecting as much of the AR generated as possible by or near the due date to ensure a substantial cash inflow Mitigating the risk of bad debt losses These tasks are best accomplished in a tidy environment. What constitutes optimization of a company’s AR?

Past Due Invoices 100

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 100

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

Your Virtual Credit Manager

JANUARY 3, 2023

What’s Involved in “Cleaning” an AR Portfolio In a perfect world, your AR Ledger would contain only whole, current invoices; or at least nothing seriously past due. Over time, AR Ledgers unfortunately tend to collect “Clutter.” Please share this newsletter with your small business customers.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Gaviti

SEPTEMBER 7, 2023

DSO Formula (Ending Total Receivables ÷ Total Credit Sales) x Number of Days What Is the ‘Best Possible’ DSO? The main difference between these two calculations is that best days sales outstanding does not take into consideration past due invoices. Naturally, the smaller the number, the better your performance.

DSO 52

DSO Days Sales Outstanding Past Due Invoices Credit and Collections 52

Eastern Credit Management Services

JULY 15, 2019

Fret no longer, as this entry in our blog is going to explore how to deal with customers who keep breaking promises to pay on their past due invoice and how a collection agency can help. They will obtain a promise to pay a past due invoice from their customer and wait for the money to arrive.

Past Due Invoices 52

Past Due Invoices Third Party Collections Credit and Collections Invoice Collections 52

Your Virtual Credit Manager

NOVEMBER 21, 2023

For most small businesses, collections are reactive. When a customer goes past due, they then go into action — typically with a call, though it is also likely that unless a sizeable amount is involved a call is not made right away. Keep in mind that your goal is to create an effective collection strategy.

Credit and Collections 130

Credit and Collections Past Due Invoices Small Businesses Credit Management 130

Your Virtual Credit Manager

NOVEMBER 1, 2022

Photo by Kenny Eliason on Unsplash Effective collections is the single most important factor for achieving reliable cash inflows. Effective collections can also reduce bad debt losses by compensating for a liberal or weak Credit Control function. Procrastination only makes a past due situation worse.

Credit and Collections 130

Credit and Collections Past Due Invoices Bad Debt Accounts Receivable (AR) 130

Credit & Management Systems, Inc.

JULY 26, 2017

Credit & Management Systems, Inc. will be at the CRF Credit & Accounts Receivable EXPO on Monday August 7, 2017. Stop by and let us show you what’s new in CMS Credit Suite. aid them to manage one of their company’s most important assets. Attending CRF in Denver?

Past Due Invoices 40

Past Due Invoices Credit and Collections Dashboards 40

The Esker Blog

JANUARY 10, 2023

In the wake of the pandemic, CFOs found themselves with a new batch of supply chain and finance challenges — ones that have made it increasingly difficult to manage processes, collect cash and reach your accounts receivable goals. Historically, the processes within collections, cash application and credit management are highly manual.

AR Aging 95

AR Aging Accounts Receivable (AR) Credit and Collections Past Due Invoices 95