CICM

JUNE 11, 2021

And it goes off with the customers’ DSO, which is stored in your master data in ERP, which hence makes your payments your customers’ individual payment habits. The post Wake Up To O2C Automation – A guest blog by HighRadius appeared first on Chartered Institute of Credit Management. heavy increase in the amount of correspondence.

Credit Management 40

Credit Management Collections 40

CICM

JUNE 9, 2021

Average DSO has already increased to 53 days in the UK, which is perceived as a result of high value unpaid invoices. The post Safe Harbour for Cash in the Perfect Storm – A guest blog by Serrala appeared first on Chartered Institute of Credit Management. What does that mean for finance organizations?

Credit Management 40

Credit Management Trade Creditors Collections 40

On Guard

FEBRUARY 4, 2022

In a previous blog just over three years ago, we discussed then-nascent technology – including artificial intelligence (AI) and Robotic Process Automation (RPA) – and its potential to shake up the credit management process for suppliers. So how far have we come and what obstacles remain for digital transformation? Big data and AI.

Credit Management 52

Credit Management Collections 52

Re:Ceeve

SEPTEMBER 10, 2020

Throughout this blog post, we’re going to examine why data analysis is such a hot topic right now, why it’s so potent within collections, how to turn your data into valuable assets, and the effect it can have on your bottom line. Your Days Sales Outstanding (DSO) will plummet and your revenue will skyrocket.

Lender 54

Lender Collections Financial services 54

Re:Ceeve

JUNE 12, 2020

It can be anything from: Blogs like ours. This attempt to find a balance between reducing days sales outstanding (DSO) and providing a first-class customer experience has plagued dunning processes for years. Examples of self-service experiences are infinite. Knowledge hubs. Online banking. Customer support knowledge bases.

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Collections Acquisition Retrieval Collection Agent 91

On Guard

MARCH 7, 2022

How can companies avoid payment pitfalls and lower their DSO in times of economic uncertainty? So how can companies avoid payment pitfalls and lower their DSO? So how can companies avoid payment pitfalls and lower their DSO? Lowering your DSO doesn’t have to be difficult. The long-term benefits of a lower DSO.

Credit Management 52

Credit Management 52

On Guard

JULY 23, 2020

Many businesses will look to their DPO (supplier side) and their DOI (inventory holding) metrics to improve their cash position when the more obvious place to look would be within your customer base (DSO) and whether, or not, they are paying their bills on time. How do you calculate DSO? Countback DSO (DSO of previous month plus no.

Credit Management 52

Credit Management Collections 52

On Guard

FEBRUARY 17, 2022

According to research, 48% of invoices issued by small businesses in the UK are paid past their due date, being paid on average 14 days late.

Creditworthiness 52

Creditworthiness Credit Management Collection Agencies Collections Agency 52

On Guard

DECEMBER 8, 2020

Maintaining the smallest DSO levels possible in the last few months of the year became crucial for keeping a sustainable cashflow. The recession of 2008 put detrimental strain on global businesses, not least accounts receivable departments.

Debtor 52

Debtor Collections 52

On Guard

DECEMBER 8, 2020

Maintaining the smallest DSO levels possible in the last few months of the year became crucial for keeping a sustainable cashflow. The recession of 2008 put detrimental strain on global businesses, not least accounts receivable departments.

Debtor 52

Debtor Collections 52

On Guard

OCTOBER 22, 2020

In the end, however, outstanding invoices have to be paid and preferably organisations keep the DSO (Days Sales Outstanding) as low as possible. For one in five finance professionals, lowering the DSO is the biggest challenge in the order-to-cash process. Lowering your DSO in times of crisis may sound too good to be true.

Trade 52

Trade 52

Re:Ceeve

JUNE 5, 2020

In this blog, we take an in-depth look into the changes driving customer-centric collections, the importance of making the transition, and how you can put these learnings into practice. Customer preference vs current collections strategy.

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Collections Acquisition Debt Management 83

On Guard

FEBRUARY 23, 2021

Using CreditManager for Reporting and Monitoring. Monitoring payments and invoices and reporting on them is crucial in credit management. Yet, as we deal with growing volumes of data this can be tricky.

Credit Management 52

Credit Management Debtor 52

On Guard

NOVEMBER 27, 2020

For instance: use software to your advantage, minimise risk of non-payment and lower your DSO and how to optimise your customer communication. The handy checklist below will help identify how you can shift focus onto maintaining strong customer relationships and ensuring the financial stability of your organisation.

Credit Management 52

Credit Management 52

On Guard

NOVEMBER 27, 2020

For instance: use software to your advantage, minimise risk of non-payment and lower your DSO and how to optimise your customer communication. The handy checklist below will help identify how you can shift focus onto maintaining strong customer relationships and ensuring the financial stability of your organisation.

Credit Management 52

Credit Management 52