Blog of the Credit Management and cash collection
Covid-19 crisis and credit management: act now!
What impact on credit management and accounts receivables management will have the economic crisis caused by the Covid-19?
In addition to the health and human impact, the effects of the global health crisis will be obviously major for the economy. It will probably be more significant than those of the 2008 crisis which "was only a financial crisis" whose effects on the economy had certainly been significant but which...
03-20-2020
The payment profile, a major advantage for an efficient management of your Accounts Receivable
How to use the payment profiles to optimize the management of the Accounts Receivable of its company and to highlight the internal problems?
Nowadays, profiling is best known as a solid way to collect information related to the profiles of Internet users from their reactions to e-mails, advertisements and their browsing behavior on the web in order to identify in particular their buying behavior.
So why not imagine that your...
02-24-2020
Happy New Year with Credit Management tools!
Credit tools and My DSO Manager team wish you a very Happy New Year for 2020 and to optimize your company's Accounts Receivable, thus ensuring its sustainability and development.
A company is a living organism in perpetual evolution which must adapt to its environment to survive and develop.
The quality of the services and products marketed must constantly be improved in order to correspond to the market and the needs of the customers.
As such, the AR is a good...
01-02-2020
Which credit management organization in SMEs?
How can SMEs organize themselves for optimal management of their accounts receivables? Which actors should be involved with which organization?
How to manage the last but essential step in the sales process of your business? The one without which everything that has been done previously was done for nothing: commercial negotiation, delivery or realization of the service, billing and after-sales service, etc.
Find out our tutorial...
12-13-2019
New tutorial about collection efficiency rate
Check out our tutorial on this Key Performance Indicator, which is stimulating and positive, and allows collectors to constantly evaluate themselves.
Evaluating the performance of the collection managers very often leads to many questions as no indicator is really indisputable.
Unlike sales people for whom turnover and order taking are unavoidable, the subject here is more complex.
The collection efficiency seems to be an extremely...
12-10-2019
How to manage customer risk with My DSO Manager?
Modern, intuitive and powerful software created by credit managers, My DSO Manager integrates all the features required for a smooth and optimal management of customer risk.
Assessing the creditworthiness of customers and then adapting payment conditions accordingly are the first key steps to avoid bad debts and late payments.
My DSO Manager, full Credit Management solution, allows to analyze and control the risk with several integrated functionalities:
...
11-19-2019
Vote for the start-up of the year!
My DSO Manager has been selected with fifteen other companies to be part of the candidates for the Start-up Trophy of the newspaper Presences! Vote online to support the one that seems most relevant to you!
Why vote for My DSO Manager as a start-up of the year?
Because My DSO Manager is already used by more than 600 companies of all sizes in 70 countries to improve their cash flow and their WCR.
Veolia, Schneider Electric, Atlas Copco and many others manage their Accounts...
10-31-2019
Zoom on Risk Management in Export business
How to manage the export credit risk? Which security tools to use? Read our tutorials and tools to identify, assess and cover risks.
Find our eight tutorials and eighteen tools concerning this essential part of the credit manager job where cash management is intrinsically linked to the risk management in export business.
In export, everything is more complex. The risks are numerous and of many natures. The high value...
10-04-2019
Last news of My DSO Manager
Continuous improvement while keeping the intuitiveness of the software is the leitmotif of My DSO Manager, SaaS solution for managing cash collection.
Here are the new features recently added to My DSO Manager:
Automatic actions ? set the days and time slots for sending automatic e-mails
New Hashtags to manage amounts in different currencies ? add _per_currency at the end of each Hashtag in order amounts are grouped by...
09-18-2019
How to rejuvenate your aging balance?
What is the goal of an aging balance? To rejuvenate of course! A serious facelift is however an absolute necessity for any company that wishes to improve its cash flow and maintain its profitability!
The aging balance, this classic tool in terms of appreciation of collection performance, deserves that we take some time to really exploit it and also know how to rejuvenate it.
Little reminder: Constituted of different buckets, it looks as a simple tool.
The standard approach is to...
07-19-2019
Why should you use a cash collection software?
What interest can a find SMEs to use specialized software in credit management
Cash is the lifeblood of any business. Cash makes possible to meet its obligations to its suppliers and financial partners.
Cash allows the payment of salaries, and provides the ability to invest and develop the business.
This assumption is generally accepted. Almost all leaders and business...
07-18-2019
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