Blog of the Credit Management and cash collection
The Credit Management paradox
What is the Credit Management paradox? How this essential function is available only in few companies?
Credit Management is every passing day a function whose necessity is more recognized by business managers. In a context of economic crisis where companies are struggling to fund the development of their activity, the speed-up of cash...08-30-2017
Why should you chase your customers before the due date of your invoices?
What are the advantages to start the collection process before the invoices due dates? How to perform an efficient collection prior due date?
Any commercial relationship is based on mutual commitments shared between the seller and the buyer. The buyer undertakes to pay the price of the service or equipment delivered on the date specified in the contract and invoices. However, the buyer frequently forgets, at least temporarily, this...08-23-2017
Request late payment penalties to your overdue customers
Late penalties are a great tool to educate your customers to pay on time and to get a financial compensation in case of overdue. How to apply them?
Invoices should be paid on their due date unless there is a good reason to not pay them: material or service delivered is not complete, invoice is wrongly issued, quality issue... etc. In all other cases, you should have your invoices paid on time according to the due date as committed by your...07-28-2017
Debt collection Media Tutorial
Chase up customers for payment is a good practice! But with what media? Phone, email, SMS, interactive email ... Which communication vectors choose to be the most effective?
New tutorial on recovery media. Which media are most used? Are some obsolete or forbidden? What are the most appropriate means of communication for debt collection? Is it necessary to adapt the media according to the level of dunning, or the type of customer, the collection...06-24-2017
Zoom on the debt collection kit
Download the collection kit including many templates of reminder mails and emails as well as tutorials for each step of the telephone call, from pre-chase to pre-litigation.
Debt collection management requires several competencies to be efficient : Good understanding of accounts receivable management and stakes of this activity (cash, profitability, customer satisfaction ...) Sales and relationship skills, whether with clients or internally ...06-07-2017
What is the role of the CFO in Accounts Receivable management?
Accounts receivable are a key financial stake related to company's cash flow and profitability. What is the role of the CFO in this management and the choices that relate to it?
Accounts Receivable management and credit management are often overlooked by company executives. However, it has multiple consequences, primarily financial but also commercial. The receivables are also a barometer of the quality produced by the company at all stages of the quote to cash...05-07-2017
QuickBooks users, improve your debt collection with few clicks
Do not miss the opportunity to effectively manage your debt collection in a simple and accessible way with My DSO Manager.
You can upload your customer and receivable data into My DSO Manager in a few clicks with our dedicated connector. You will then be able to immediately use our efficient credit management and debt collection software. How to proceed ? Find My DSO Manager in the App Store of Quickbooks! Sync...04-02-2017
My DSO Manager news
Find out what's new and the latest improvements My DSO Manager, the most powerful, intuitive and simple web-based recovery software
The technical, financial and human constraints linked to the implementation of a software often explain the reluctance to embark on this type of adventure. The creation of My DSO Manager has been organized around this issue, in order to reduce it considerably, or even totally eliminate...03-31-2017
Credit management organization
What are the different ways to organize credit management function? Advantages and disavantages of each one.
Credit management function can be managed in different ways. It is very interesting to see how it is organized depending on the type of business and / or the country of the company. Commercial culture is a key element in credit management. So there may have as many credit organization as...02-16-2017
News of My DSO Manager
Latest features added to My DSO Manager, allowing to improve efficiency and intuitivity of the debt collection software.
Here are the new features recently added to My DSO Manager: View the progress of the collection scenario directly in the customer record! Understand at a glance which stage of the collection scenario you are with: In green, actions that have been completed ...02-04-2017
The enigmas of the DSO
The DSO is the main KPI for accounts receivable management but it is not always easy to understand. What is really the DSO?
The DSO is certainly the most widely used indicator in credit management in all countries of the world. It is a major stake because of its key role in evaluating business performance and its effect on the working capital requirement (WCR). However, it is not easy to grasp. It is the subject...01-09-2017
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