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Blog of the Credit Management and cash collection

New tutorial about productivity in credit management
What productivity in credit management? Which benefits for the companies when improving efficiency of credit department?
Productivity is often needed and required by management. It can lead to financial improvements (but not only) or to an erosion of the quality of internal processes. What type of productivity is suitable to credit management functions? Read our tutorial
12-07-2018
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...
11-13-2018
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...
11-06-2018
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...
08-29-2018
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,...
07-16-2018
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...
06-22-2018
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...
06-15-2018
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...
06-12-2018
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...
06-07-2018
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...
04-25-2018

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