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Blog of the Credit Management and cash collection



11-13-2018 :

Zoom on the credit limit calculation online tool


The credit limit represents the maximum amount of outstanding credit you agree to give to a customer. It is based on the business need as well as the financial capabilities of the company.

Key indicator to control the financial risk of your business, the credit limit sets a maximum amount of outstanding receivables that you agree to grant to each of your customers. It has a warning role if the outstanding amount reaches or exceeds the limit set, which must lead to action to reduce this outstanding amount: reduction of the payment term, obtaining downpayments or additional guarantees (credit insurance, bank guarantees, ...). To be really used in the company and to make it...
Zoom on the credit limit calculation online tool

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11-08-2018 :

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 classical 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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11-06-2018 :

Manage efficiently overdue receivable, a priority for any business!


Only the combination of a cash collection tool and dedicated skills can achieve a good level of performance, and thus improve the cash flow of your company.

Late payments are a major handicap for many companies. They have several causes: dispute, administrative problem, insolvency of the buyer, ...etc. A specific tool and specific skills are essential to manage them and to get paid. The purpose of My DSO Manager and Credit Management tools is to provide to any business regardless of its size the most relevant, simple tool to set up and use, as well as adequate job skills. My DSO Manager is now more than three years old and has 4 000 active...
Manage efficiently overdue receivable, a priority for any business!

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08-29-2018 :

Can credit management functions be replaced by robots?


The digital revolution underway is upsetting the practices of the professionals in the management of the accounts receivable (cash collectors, credit analysts, credit managers, etc.). Will it go so far as to replace people with robots?

This question, raised by Andriy Sichka in her article « Will Computers Replace Credit Managers? » Or in a french article « Révolution digitale : ces professions qui vont disparaître (Digital revolution: these professions that will disappear) » could worry. The digital revolution of our jobs, not dating from today as they have begun since the rise of the Internet, seems to be a central topic of this autumn. As Andriy Sichka explains, the function of a...
Can credit management functions be replaced by robots?

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07-16-2018 :

Get paid before the blackout of August


How to get paid July and August due invoices before the summer period. What are the methods to avoid payment delays during this fateful period for corporate cash flow?

Many companies in many countries close their doors during the month of August where it is the summer period. During that time, it is often very complicated to get its invoices paid. Some take advantage and shift their payments due in July and August to September ... if all goes well. Indeed, many companies in difficulty go bankrupt in September after the pivotal period of summer, one of the most sinistrogenic period of the year. It is easy for these companies to find arguments for not...
Get paid before the blackout of August

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06-22-2018 :

New tutorial: Improve your internal processes with cash collection!


How to use debt collection to improve the quality of your business? Are the issues related to credit management broader than the cash optimization?

New tutorial about potential of cash collection to identify and fix biggest issues in its company. Accounts Receivable management does not cover only cash stakes but can highlight the internal processes that don't work well with treasury and profitability consequences. What are the links between Credit Management and quote to cash process? What is the methodology to activate these ongoing improvements? Read the article.
New tutorial: Improve your internal processes with cash collection!

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06-15-2018 :

News of My DSO Manager: Group the collection of several accounts


The Accounts Receivable management software My DSO Manager continues its strong growth in the five continents. It is continually improved with efficient and intuitive features.

My DSO Manager strategy is very simple: Offer the most qualitative, affordable and flexible solution, whether it concerns the software's functionalities or its implementation. These principles make possible to optimize the cash collection management and thus improve cash flow, profitability and customer relations. My DSO Manager software is now used by hundreds of companies of all sizes in Europe and around the world, and manages in a simple way complex organizations multi-entities,...
News of My DSO Manager: Group the collection of several accounts

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06-12-2018 :

Tutorial about time management in cash collection


What is the link between effectiveness of debt collection and the timeline of actions taken? Is time management a key factor of success for the collector?

New tutorial about the time management in cash collection. How to illustrate the crucial importance of the temporal element in the Accounts Receivable management? It is possible to highlight that like in other areas of management, or more broadly, other human activities the determinant impacts of time management. What are the implications? How can you reap the full benefits of taking this key factor into account? Read our tutorial: Time and collection management
Tutorial about time management in cash collection

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06-07-2018 :

Seen on the web ... How to differentiate the payment behavior of your customers?


There are several ways to differentiate the payment behavior of your customers, the one found by this company is at least ... original ...!

Seen on the web… ! To easily identify one of your bad paying customers, you can, like this Russian company, realize a pyramid of 3 tons, and put it in front of his company ... Or, in My DSO Manager, you can enable payment profiles: And rather than a concrete pyramid, have a colored flag next to your customer's name, to see in a glance in all My DSO Manager screens to which payment profile your customer belongs! Then adapt your collection strategy, communications,...
Seen on the web ... How to differentiate the payment behavior of your customers?

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04-25-2018 :

What are the keys of cash collection?


New tutorial detailing the art of cash collection and the four pillars of this activity. What are the multiple added values of this function sometimes misunderstood, often underestimated?

What are the pillars of debt collection? Essential but unknown activity, whose impact on the company is often underestimated. Why is it a true art combining multiple skills that need to be intelligently scheduled? Find our tutorial on this essential function but often neglected, whose scope exceeds what is usually agreed. Read our tutorial: The keys of cash collection
What are the keys of cash collection?

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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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