Your Virtual Credit Manager

FEBRUARY 28, 2023

Your Virtual Credit Manager (YVCM) previously published an article discussing the pros and cons of Prompt Payment Discounts. It will reduce your Accounts Receivable (AR) balance and the associated elevated credit risk inherent in a larger AR. This is a subject that has valid arguments for and against.

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Bad Debt Accounts Receivable (AR) Credit Risk Bankruptcy 130

Your Virtual Credit Manager

MARCH 21, 2023

The collapse of SVB was more about management errors, by the management of the bank and ostensibly by regulators, than a fundamental weakness on the financial institution’s balance sheet. After all, as of December 31, 2022, this was a bank with $291 billion in assets. Learn More About Credit Reports 5.

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Accounts Receivable (AR) Bankruptcy Bad Debt Credit and Collections 130

Know-It Global

FEBRUARY 7, 2023

Know-it, the all-in-one credit management solution, has today announced a new partnership with Swoop to bring Invoice Finance-it to the cloud-based platform.

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Credit and Collections Credit Risk Credit Management 98

Know-It Global

MAY 19, 2023

million overdue invoices on their books at the end of 2022 according to insolvency and restructuring trade body R3. Automate your credit control with Know-it! Glasgow-based fintech Know-it has launched a new national TV ad campaign in partnership with STV. The problem is much closer to home, with Scottish firms having over 1.2

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Credit and Collections Credit Risk Credit Management 98

Know-It Global

MAY 19, 2023

With the number of registered company insolvencies at 1,685 and 183 compulsory liquidations in April 2023 – nearly twice the number in April 2022 – the pressure on UK SME cashflow remains very real. This is according to Lynne Darcey Quigley, founder & CEO of Know-it. This article was first published by Business Money.

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Credit Risk Credit Management Small Businesses 52

Know-It Global

MAY 19, 2023

With the number of registered company insolvencies at 1,685 and 183 compulsory liquidations in April 2023 – nearly twice the number in April 2022 – the pressure on UK SME cashflow remains very real. This is according to Lynne Darcey Quigley, Founder & CEO of Know-it. This article was first published by Fintech Finance.

Credit Risk 52

Credit Risk Credit Management Small Businesses 52

Know-It Global

APRIL 13, 2023

Late payments are crippling businesses all over the UK with 52% of businesses experiencing late payment , and 25% reporting increased instances of late payment in 2022. Automate your credit control to mitigate credit risk, reduce debtor days and boost cashflow! You’re not alone. days to 31.3 days, up by 1.5

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Credit and Collections Days Sales Outstanding Credit Scoring DSO 97

Serrala

AUGUST 29, 2022

The below will guide you through a few easy steps to identify if your credit landscape is due an upgrade. Credit Risk Management Software for Effective Credit Control Proactive credit risk management is a must to support a healthy business strategy.

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Credit and Collections Credit Risk Dashboards Credit Scoring 52

Emagia

OCTOBER 31, 2022

Why should credit management be automated. How important is the automation of credit management for business growth. Autonomous finance eliminates efficiency bottlenecks in finance operations such as credit management, accounts receivables, accounts payables, cash flow, budgeting, F&PA, and other financial processes.

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Credit and Collections Bad Debt Credit Management DSO 59

JSP Credit Management

FEBRUARY 3, 2022

When debts are owed to a third-party that is not the original creditor, there is a danger of not recognising the credit risk and the credit risk for accounts receivable is higher than traditional credit lines. billion by 2022. In the United States, the debt collection market is expected to reach $26.45

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Debt Collections Collector Credit and Collections Credit Risk 52

Know-It Global

APRIL 19, 2023

In Scotland the figure is 21% higher compared to March 2022, with 140 insolvencies recorded. Set suitable credit limits Based on the creditworthiness of the customer, a credit limit is set, which is the maximum amount of credit that can be extended to the customer.

Bad Debt 98

Bad Debt Credit and Collections Credit Risk Credit Management 98

Know-It Global

JANUARY 24, 2023

Know-it is a cloud-based platform that can be accessed on a web browser from anywhere in the world, allowing businesses to always keep on top of their credit management to protect their business cashflow, something that will be vital throughout 2023 as we navigate a recession. Others fully embrace it while some struggle against it.

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Credit Risk Credit Management Transactions 52

Know-It Global

JANUARY 19, 2023

Know-it is a cloud-based platform that can be accessed on a web browser from anywhere in the world, allowing businesses to always keep on top of their credit management to protect their business cashflow, something that will be vital throughout 2023 as we navigate a recession. Others fully embrace it while some struggle against it.

Credit Risk 52

Credit Risk Credit Management Transactions 52

Know-It Global

APRIL 11, 2023

Over 23,000 UK companies were made insolvent in 2022, up 56% compared to the year before, with almost 20,000 of these companies winding up because of not being able to pay their outstanding debts. The credit cycle is so delicate. Simply connect your sales ledger in seconds and you’ll have complete credit control at your fingertips.

Credit and Collections 52

Credit and Collections Credit Risk Credit Management 52

Know-It Global

JANUARY 24, 2023

“ Know-it is a cloud-based platform that can be accessed on a web browser from anywhere in the world, allowing businesses to always keep on top of their credit management to protect their business cashflow, something that will be vital throughout 2023 as we navigate a recession.” 2023 will be full of innovation and growth.”

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Credit Risk Credit Management Transactions 52