DAL Snapshots
DAL Documentation Checklist
Need an easier placement process? DAL Documentation Checklist has valuable information to help expedite recoveries!
NACM Credit Managers Index
The National Association of Credit Management's seasonally adjusted Credit Managers' Index (CMI) for December 2022 came in at 51.6 points, marking the third consecutive month of deterioration in the index. Click below to read the full article.
Red Flag warnings
There are several warnings signs to indicate when a debtor will require escalated collection efforts, such as when a debtor has made two broken promises the likelihood of default greatly increases. To be aware of the signs and for a more proactive collection effort, DAL has created Red Flag Warning, Spot the Signs.
Measuring Receivables Performance with KPIs
The ability to convert AR to cash is the primary job of the Credit Department. The overall performance of the department should be monitored and used to help improve efficiencies of the department and for future considerations. Most companies use Days Sales Outstanding (DSO), however, there are several other Key Performance Indicators (KPI's), that used in conjunction with one another, give a better picture of a company's receivables.
Where is your debtor's Threshold?
Your debtor’s threshold is that nebulous, collection-cycle timeframe when your customer actually makes the payment. It may be upon your first call, during execution of judgment, anywhere in between — or never. Do you know the threshold for each of your customers, and is it documented in a file? Of course, there is no concrete answer.