Blog of the Credit Management and cash collection
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
New tutorial: credit risk, who decide?
Who is responsible for granting a credit line to a client identified as risky? On what basis? What are the mistakes to avoid?
Find here our new tutorial about credit risk management. In the areas of credit management and debt collection, prevent is better than cure.. Moreover, we do not cure of an unpaid invoices, we write off receivable and create losses which, we hope, will remain at an absorbable level by the...03-12-2018
Connect Creditsafe with My DSO Manager
Retrieve and use in My DSO Manager key Creditsafe information about your customers to optimize your risk management.
Latest news of My DSO Manager, innovative credit management software for all sizes of companies (our solution is used by SME as well as big international groups), allowing to include your Creditsafe data (« Note » and « Recommended Credit ») to your customers files using our...03-11-2018
Why so few companies are using software to manage their customers receivables?
Most companies are at the Stone Age regarding the use of software to manage their customers receivables, using mainly their accounting tool, their emailbox and Excel for this purpose. Why is this situation going to change?
A recent French study done by AFDCC shows that only a few percentage of companies surveyed are using a dedicated too. If we extrapolate this survey to all French companies, this ratio would even drops dramatically to certainly reach well under 1%. This conclusion is also valid for companies...01-31-2018
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New tutorial: Credit management for an ecological transition
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The credit management facing a shock wave
The payment profile, a major advantage for an efficient management of your Accounts Receivable
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