Your Virtual Credit Manager

APRIL 2, 2024

Commercial credit scores predict the likelihood of a business fulfilling its financial obligations, particularly regarding debt repayment and trade credit. Commercial credit scores are often not as well understood as consumer credit scores such as FICO. Photo by Element5 Digital on Unsplash First, a little background.

Credit Scoring 130

Credit Scoring Credit and Collections Bad Debt Credit Risk 130

TreviPay

JANUARY 11, 2023

An important player in effective cash flow management is days sales outstanding (DSO). DSO is the average number of days a company takes to collect a customer’s payment for a sale. Part of the cash conversion cycle, DSO is also sometimes referred to as “days receivables” or “cash collection period.”.

Days Sales Outstanding 98

Days Sales Outstanding DSO Credit and Collections Alternative Payment Methods 98

TreviPay

MAY 12, 2023

Days sales outstanding (DSO) is another good example. What is days sales outstanding (DSO)? Days sales outstanding (DSO) (also known as days receivables or cash collection period ) is a measure used to help determine the state of businesses’ collection process. So, this company’s DSO is 50.5

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Total Receivables 52

TreviPay

MAY 12, 2023

Days sales outstanding (DSO) is another good example. What is days sales outstanding (DSO)? Days sales outstanding (DSO) (also known as days receivables or cash collection period ) is a measure used to help determine the state of businesses’ collection process. So, this company’s DSO is 50.5

DSO 52

DSO Days Sales Outstanding Credit and Collections Total Receivables 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?

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DSO Third Party Collections Credit and Collections Deductions 130

Gaviti

MARCH 4, 2024

Once an invoice hits accounts receivable (A/R), it enters what’s called the average collection period. Other common names include “days sales in accounts receivable,” “average receivables collection period,” or “ days sales outstanding (DSO).” Your average collection period is an important key performance indicator (KPI).

DSO 52

DSO Credit and Collections Days Sales Outstanding Credit Sales 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

TreviPay

JANUARY 7, 2023

Working capital management aims to decrease the amount of time it takes to receive cash after a sale, or days sales outstanding (DSO). One of the most common causes of extended DSO is uncollected sales. In fact, according to a study of 27,000 companies around the world, DSO averages 64 days.

DSO 59

DSO Days Sales Outstanding Alternative Payment Methods Credit and Collections 59

Credit Tools

DECEMBER 13, 2023

My DSO Manager has been named as a finalist in Credit and Collection Technology Awards organized by Credit Connect UK judging panel. The company has been invited and was also present for Think Tank.

Credit and Collections 40

Credit and Collections DSO 40

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. These include: A streamlined dunning process.

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Debt Collections Credit and Collections DSO Invoice Collections 52

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. The key with DSO is to pick one method and use it consistently.

Best Possible DSO (BPDSO) 100

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

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

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). . The credit plan will help your organization reduce bad debt and write-offs.

AR Automation 89

AR Automation Bad Debt DSO Accounts Receivable (AR) 89

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

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

Gaviti

JANUARY 8, 2023

It adds an extra step to credit extension and A/R processes, but it saves organizations time they would otherwise spend hunting payments for invoices. How Prioritization Strategies Improve Collections Performance. Accounts Receivable teams can use prioritization strategies to increase the efficiency of their collections process.

Credit and Collections 98

Credit and Collections Days Sales Outstanding DSO High-Risk Accounts 98

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.

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Days Sales Outstanding DSO Credit and Collections B2B Credit 52

Gaviti

JANUARY 7, 2024

Understanding the Challenges in A/R Collections Like many ERPs, Netsuite is a leading Enterprise Resource Platform (ERP) designed to optimize various business processes and includes various financial capabilities such as bank reconciliation, management of accounts payables and financial reporting. Inability to track collections performance.

Invoice to Cash 52

Invoice to Cash Credit and Collections Collector Deductions 52

Chaser

MAY 2, 2024

Assessing how credit departments receive late payments can help them determine the efficiency of their collection methods. Metrics such as days sales outstanding (DSO) , and average days delinquent (ADD) can help them know their current position and areas they need to improve on.

Average Days Delinquent 52

Average Days Delinquent Days Sales Outstanding DSO Credit and Collections 52

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

MAY 16, 2023

The average collection period is an important accounting metric that evaluates a company’s ability to manage its accounts receivable (AR) effectively. It measures the time it takes for the business to collect payments from its clients, which reflects its cash flow effectiveness and ability to meet short-term financial obligations.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections DSO Credit Sales 52

Credit Tools

APRIL 25, 2023

Consulting, specialized audits, and cutting-edge solutions for managing credit risk and collections are just some of the ways in which Efficash and My DSO Manager are working together to help.

DSO 40

DSO Credit and Collections Credit Risk 40

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. This blog is also published by cmweb.nl.

Credit Management 52

Credit Management DSO Credit and Collections 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

Gaviti

NOVEMBER 14, 2022

Receivables collection is one of the most critical functions of any business, but it can also become one of the most stressful. Companies can reduce many overwhelming and monotonous aspects of collections via automation. Sage Intacct streamlines collections tasks but automation alone is not enough. Scroll down to Credits.

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Credit and Collections DSO Invoice Collections Default 72

Gaviti

APRIL 24, 2024

Dunning workflows are a series of automated emails and actions that A/R teams use to collect invoices from customers. Regardless of the details of how you set up your dunning workflow, however, you’ll know it’s successful when DSO improves. It streamlines the collections process. It reduces costs related to delinquent accounts.

DSO 52

DSO Credit and Collections Bad Debt Days Sales Outstanding 52

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

Chaser

MARCH 29, 2023

That’s where Days Sales Outstanding (DSO) comes into play. One of the key factors that can impact your business’s cash flow is the time it takes for your customers to pay for the goods or services you’ve provided.

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Days Sales Outstanding DSO 97

Gaviti

NOVEMBER 20, 2023

Most Accounts Receivable teams use DSO as the main KPI to measure their performance. By extension, most A/R invoice-to-cash management platforms and teams base their key performance indicators (KPIs) on the measurement of Days Sales Outstanding, or DSO. For example, since each company has different payment terms (e.g,

Collection Effectiveness Index 52

Collection Effectiveness Index Days Sales Outstanding DSO 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

Gaviti

JANUARY 2, 2024

It offers data on the effectiveness of your collection efforts by measuring the average number of days it takes to collect overdue payments. But continually high ADD scores across clients may indicate poor collection efficiency on your side. If you need help with this, check out how to calculate DSO.

Collection Effectiveness Index 52

Collection Effectiveness Index Average Days Delinquent DSO Days Sales Outstanding 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. Getting B2B credit management right can make a huge difference to a company’s success and growth… What is credit management?

B2B Credit 52

B2B Credit Credit Management Credit and Collections Days Sales Outstanding 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

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. This blog is also published by cmweb.nl.

Credit Management 40

Credit Management DSO Credit and Collections 40

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. Collections analytics.

DSO 52

DSO Credit and Collections Days Sales Outstanding Cash Applicator 52