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Blog of the Credit Management and cash collection



03-12-2018 :

New tutorial: credit risk, who decide?


Who is responsible for granting a credit line to a client identified as risky? On what basis? What are the mistakes to avoid?

Find here our new tutorial about credit risk management. In the areas of credit management and debt collection, prevent is better than cure.. Moreover, we do not cure of an unpaid invoices, we write off receivable and create losses which, we hope, will remain at an absorbable level by the company. The efficiency of the Accounts Receivable management depends mainly on its preventive nature. Anticipating problems to avoid them is always a winning approach and consumes much less time...
New tutorial: credit risk, who decide?

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03-11-2018 :

Connect Creditsafe with My DSO Manager


Retrieve and use in My DSO Manager key Creditsafe information about your customers to optimize your risk management.

Latest news of My DSO Manager, innovative credit management software for all sizes of companies (our solution is used by SME as well as big international groups), allowing to include your Creditsafe data (« Note » and « Recommended Credit ») to your customers files using our new connector « Creditsafe Connect ». This new feature allows you to daily follow-up your account receivable against Creditsafe's recommendations, updated daily in My DSO Manager,...
Connect Creditsafe with My DSO Manager

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01-31-2018 :

Why so few companies are using software to manage their customers receivables?


Most companies are at the Stone Age regarding the use of software to manage their customers receivables, using mainly their accounting tool, their emailbox and Excel for this purpose. Why is this situation going to change?

A recent French study done by AFDCC shows that only a few percentage of companies surveyed are using a dedicated too. If we extrapolate this survey to all French companies, this ratio would even drops dramatically to certainly reach well under 1%. This conclusion is also valid for companies abroad. Why such a small part, while the management of the client receivables, the collection and the risk are crucial points for the development, the stability and the durability of a...
Why so few companies are using software to manage their customers receivables?

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01-24-2018 :

Tutorial about the DSO, the credit management KPI


What is the Days Sales Outstanding? How to compute it and how to use it to improve credit management performance? What are the limits of the DSO?

The Days Sales Outstanding is the most used Key Performance Indicator in Credit Management. The purpose of this indicator is to get it lowest as possible. However, there are several ways to compute it and to understand it. Read our tutorial about the DSO! You will find explanations about the indicator, the methods to compute it, and tools for calculation and reporting.
Tutorial about the DSO, the credit management KPI

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01-23-2018 :

Happy New Year with Credit Management tools and My DSO Manager!


2018 will be a positive year! Growth is there and must be managed well in order to be beneficial to your business. It's time to improve credit management practices and put in place the right tools!

Best wishes for 2018! Credit Management tools and My DSO Manager wish you every success in your business!
Happy New Year with Credit Management tools and My DSO Manager!

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01-07-2018 :

Tutorial about credit management


New tutorial about credit management. What is it? What's its purpose? What is the role of the credit manager?

Credit management should be used by any company working in Business to Business whatever is her size. Even those who do not have a credit manager employee shall apply the key principles of this function that is key for the sustainability of all companies, especially small and medium ones. Find here our tutorial about credit management and tools associated: Read the article.
Tutorial about credit management

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12-19-2017 :

Approve your credit limits in My DSO Manager


Setting a credit limit per customer is essential to properly manage the credit risk. My DSO Manager now offers a credit limit validation workflow based on user-defined levels (credit analyst, CFO, ...etc.)

Set a credit limit for each of your buyers allows to manage your accounts receivable according to their financial capacity and their solvency. This is a key element in the management of the risk of bad debts, which is the root cause of financial issues of many companies. My DSO Manager proposes to set approval levels for credit limits by users and a validation workflow ensuring traceability and transparency of the decisions taken. Steps: Set in the Settings tab the validations...
Approve your credit limits in My DSO Manager

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11-15-2017 :

Improve your business cash flow and customer satisfaction with My DSO Manager


As a modern, efficient and qualitative solution, My DSO Manager is used by large international groups as well as small and medium-sized companies.

How to accelerate cash receipts, solve disputes more quickly and increase the credibility of your company with your customers? Just focus on the causes of late payments and unpaid invoices! ? The use of debt collection and credit management software helps to achieve these goals while improving the internal processes of the quote to cash process. Simple and accessible, My DSO Manager is quickly taken in hand by specialists (collectors, credit managers, accountants, ...) as non-specialists...
Improve your business cash flow and customer satisfaction with My DSO Manager

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11-06-2017 :

How to value the cost of the Accounts Receivable?


New tutorial and online tool to calculate the financial cost of trade receivables for your business. This is key to define sales and payment conditions and to evaluate the ROI of a AR financing solution.

How much does cost the Accounts Receivable to your business? Are your factoring contract, or early payment discount offers profitable? Why and how to value this balance sheet current asset which is often one of the biggest? With which method? And which one is the good? It is to try to answer these questions, sometimes subjective, that we offer you a new tutorial and a new online tool that will allow you to calculate the cost of credit for your business. Read the tutorial Use the...
How to value the cost of the Accounts Receivable?

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09-24-2017 :

My DSO Manager, the credit management software in Alpine style


A climb in high altitude takes a few days in Alpine style or several months in classical style. The same applies to the implementation of a software. My DSO Manager is the first credit management solution in Alpine style

The Alpine-style refers to mountain climbers who make climbs in high altitude in an autonomous and very fast way thanks to the improvement of the techniques and the equipment. It is opposed to the classic expedition style where mountaineers set up fixed camps, connected by fixed ropes, fed with material and food by dozens or even hundreds of porters (sherpas in particular). These expeditions takes many months, have a very high cost and require very advanced organization. To achieve...
My DSO Manager, the credit management software in Alpine style

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31-03-2017 :

My DSO Manager news


04-02-2017 :

News of My DSO Manager


09-01-2017 :

The enigmas of the DSO


15-12-2016 :

My DSO Manager news!


15-01-2012 :

How will be 2012


My DSO Manager
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