Remove Accounts Receivable (AR) Remove Credit Management Remove Credit Risk
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Gain Leverage Over Slow Paying and Risky Customers by Holding Up Their Orders

Your Virtual Credit Manager

Meanwhile, customers who previously were approved during your initial credit evaluation may become past due, max out their credit limit, or, worse yet, be in a deteriorating financial situation, all of which become even more likely when the economy is volatile—the result: cash flow problems and more exposure to bad debt losses.

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Are Your Credit & Collection Policies Aligned with Company Goals?

Your Virtual Credit Manager

In most companies, sales are given a strong priority over the risk of slow payments and bad debts regardless of gross margins and the resources the credit and collection function can provide to mitigate risk. Photo by Piret Ilver on Unsplash ) Too often, credit and collections are an afterthought.

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Big Company Red Flags You Can't Afford to Miss

Your Virtual Credit Manager

Monitoring and evaluating the credit risk posed by public companies and other large firms differs significantly in comparison to small and mid-sized businesses. Because most of your biggest customers will be larger firms instead of smaller, it is typically the larger firms that will require higher credit limits.

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How Are Your Customers Doing?

Your Virtual Credit Manager

To continue reading and learn more about credit policy and the four key elements of credit control, you must be a paid subscriber. Your Virtual Credit Manager is a reader-supported publication. To receive new posts and support my work, please subscribe for just $5 per month ($49 yearly).

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Top 10 Strategies for Reducing Days Sales Outstanding (DSO)

Your Virtual Credit Manager

How was your accounts receivable (AR) performance last year? This is a very important question because AR is typically one of the top two or three largest assets for a B2B vendor. The primary way most companies measure AR performance involves looking at the Days Sales Outstanding (DSO) metric.

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Best Accounts Receivable (AR) Automation Software Vendor

Emagia

In today’s fast-paced business environment, efficient management of accounts receivable (AR) is crucial for maintaining healthy cash flow and ensuring the financial stability of an organization. To address these challenges, many companies are turning to accounts receivable automation software.

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How Credit Managers Can Become a Hero to Sales

Trade Credit & Liquidity Management

A company’s ability to extend reasonable credit terms to its customers and collect what is owed promptly has had an increasing impact on revenue and profit. Photo by Rafael Ishkhanyan on Unsplash ) Unfortunately, the Credit Manager’s role is often misperceived by the Sales team. No” of credit management lore.