article thumbnail

How CFOs can Tie Digital Order-to-Cash Initiatives to Enterprise-wide Strategy

Emagia

Order-to-Cash (OTC or O2C) is arguably one of the business processes most CFOs have a keen eye on, as it affects the three strategic goals of an enterprise, viz., topline, bottom line, and cash flow. Cash Application: Payments collected must be applied against the proper invoice of the relevant customer.

article thumbnail

Four Goals Guaranteed to Improve Cash Flow

Your Virtual Credit Manager

If your AR has a sizable balance over 90 days past due, you should make it a top priority to make your final calls, send the final demand letters, and if necessary refer the account to a third party collection agent. Most third party collection agencies now offer first party outsourcing.

DSO 130
article thumbnail

Should You Outsource AR Management?

Your Virtual Credit Manager

Subscribe now An Overview of the AR Functions that Can Be Outsourced One option is to outsource all AR responsibilities in support of the order-to-cash (O2C) process: from billing to credit and collections to remittance processing. Not a subscriber … why don’t you take advantage of a free YVCM subscription?

Bad Debt 130