Blog of the Credit Management and cash collection
Late payment penalties: interest rates are increasing!
Faced with inflation, which radically changes the perception of late payments and their effect on the profitability of companies, the legal and the ECB's key interest rates have increased significantly. What are the impacts on late payment penalties?
The legal interest rate between professionals has gone up a notch. 2.06% on January 1, 2023, mechanically increasing the minimum rate of late payment penalties to 6.18% (three times the legal interest rate). This increase is in line with the main key rate of the European Central Bank (ECB)...01-05-2023
My DSO Manager and Cap Recovery Partnership
We are thrilled to partner with Cap Recovery, whose appropriate approach on the local market compliments our now-extensive international reach.
The world is constantly changing; rules change, benchmarks shift; you must be mobile and agile to stay on track. Keeping on track also entails forming alliances with professionals in order to capitalize on expertise. We are therefore pleased to work with Cap Recovery, a collection and...12-23-2022
Attend the presentation of My DSO Manager!
Attend the flash presentation of My DSO Manager, leading software for cash collection and credit management.
What day? Thursday Decembre 15th, 2022 What time? 11:00 to 11:45 am ...11-23-2022
Calculate easily due dates of your bills!
Use our free online tool to calculate the due date of your invoices based on the payment term defined with your customers!
Source of late payments and disputes if incorrectly determined, the due date sets when a debt has to be paid by the buyer. It must be indisputable and in accordance with the payment term applied; which starts from the issue date of the invoice. Some payment due dates are not necessarily obvious...11-10-2022
How to define a credit management strategy?
Managing the customer's financial relationship is all the more necessary when it is uncertain. How to define a real strategy to develop the turnover of your company while preserving its cash flow and profitability?
Inflation, supply difficulties, increased delays in delivering orders, rising interest rates, etc. The situation is radically new and different from past decades. The effects on companies' cash flow and their ability to honor their commitments are still difficult to determine, but the signs...09-28-2022
Collection of 84 billion euros accelerated by My DSO Manager over the last twelve months!
1,200 companies in 85 countries accelerate their collections and improve their customer satisfaction thanks to our Credit Management and cash collection software! Why not yours?
The agility and intuitiveness of our software appeals to dozens of companies each month because it allows them to very quickly achieve their goals of improving cash flow and the quality of their receivables management. With no commitment period beyond a month or a quarter, affordable and quick...09-22-2022
Late penalty: The European Central Bank dramatically increases its interest rates!
What impact on trade credit and payment delays between professionals?
In response to the skyrocketing inflation of the past few months (9.1% in August in the Euro zone!) the European Central Bank has raised its key interest rate by 75 basis points, establishing it at 0.75%. It is the highest raise ever recorder by the Frankfurt Institute which is not concealing the...09-14-2022
Credit management at the heart of the economic transition!
What is the role of credit management in an economic world where paradigm shifts are accelerating and becoming more and more necessary, certainly vital?
Widen the field of possibilities by anticipating the unexpected. Support the development/growth (evolution FR = croissance ou changement ?) by controlling risks. Participate in the turnover’s growth while maintaining the financial equilibrium. Shift towards profitable sales. Sell and get...09-13-2022
Take part in the exclusive webinar on how to evaluate the performance of your business!
Cash collection, credit risk management, dispute resolution, how to evaluate the performance of your company?
What day? Thursday September 22th, 2022 What time? 3:30pm to 4:00 pm ...09-07-2022
My DSO Manager is recruiting a Software Support Assistant
Do you have experience in BtoB collection and/or credit management, with good interpersonal skills, bilingual french/english? Are you looking for a professional opportunity in a special company, which develops and markets an exceptional business software?
The compagny P2B Solutions is a company created in 2015 and editor of the Saas software My DSO Manager used by more than 1200 companies in 85 countries. With a strong development in France and abroad, it has become a leader in its sector. My DSO Manager is an attractive credit management...08-31-2022
Accounts receivable management
Manage your accounts receivable efficiently using a powerful and intuitive tool.
What does it mean? Accounts receivable includes all the invoices issued by the company as well as the outstanding amounts recorded by the accounting department. It is an important asset, corresponding to receivables awaiting payment, invoices overdue for payment and unpaid invoices. The...07-27-2022
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