2022 Bad Debt Credit Risk 
Your Virtual Credit Manager
FEBRUARY 28, 2023
It will reduce your Accounts Receivable (AR) balance and the associated elevated credit risk inherent in a larger AR. Getting customers to pay now rather than later reduces the risk of a default down the road. It will contribute to you realizing accelerated cash inflows, which will be critically important during a recession.
Your Virtual Credit Manager
OCTOBER 15, 2024
” That comes after a 61 percent increase over the same period from 2022 to 2023. As a consequence, commercial accounts receivable (AR) portfolios are at an increasing risk of suffering bad debt losses. Department of Justice expects bankruptcy filings to double in the next three years, as indicated by its U.S.
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Your Virtual Credit Manager
JANUARY 3, 2023
Do not match unapplied credits with open deductions and debits unless there is documentation to relate them or you will be in violation of escheatment laws. Refresh the credit risk ratings and credit limits of customers that have not been updated within the past two years. Does You AR Portfolio Need Spring Cleaning?
Your Virtual Credit Manager
MARCH 21, 2023
After all, as of December 31, 2022, this was a bank with $291 billion in assets. Bad things happen when you don’t manage risk For the better part of 2022, SVB was without a chief risk officer (CRO). The role of credit should not be focused on preventing bad debt losses, but rather maximizing profits.
Know-It Global
APRIL 19, 2023
In Scotland the figure is 21% higher compared to March 2022, with 140 insolvencies recorded. Supply chains threatened by soaring insolvencies Recent data has revealed the average bad debt for UK SMEs is £16,641, a spike of 61% in a year! Company insolvencies continue to climb steeply March monthly insolvency statistics reveal.
Emagia
OCTOBER 31, 2022
According to Gartner’s Chief Research Officer for Finance, Alexander Bant, “ 2022 will be a make-or-break year for CFOs when it comes to unlocking the value of AI, hyper-automation, digital skills, continuous processes, and data management. Why Should You Automate Credit Management Processes?
Know-It Global
JANUARY 31, 2023
Trade credit insurance provides much needed protection against the risk of your customers going into liquidation or administration! In 2022 the number of registered corporate insolvencies soared 56% to 23,180 in England, Scotland and Wales and Creditors’ Voluntary Liquidations (CVLs) spiked 51% year-on-year.
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