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Is Granting Credit Terms Worth the Risk?

Your Virtual Credit Manager

Here are four primary questions to ask regarding your accounts receivable (AR) portfolio that will help you get started: 1. What are the risks? To fully understand the risks of doing business with a specific account, it’s essential to look beyond just financial statements and credit reports.

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Top Accounts Receivable Challenges for 2023: Be prepared

Gaviti

As accounting processes continue to evolve, it’s becoming increasingly clear that harnessing the power of technology can help businesses streamline their operations and make more informed decisions. If you’ve been looking for accounts receivable process improvement ideas, you’ve come to the right place.

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Building an AR disaster recovery plan for the cloud era

billtrust

Test and update your plan regularly: Testing helps you identify weaknesses to make necessary changes—for example, your cybersecurity. What are some common mistakes people make when creating a DRP? This way, you can be sure that you have a safe, up-to-date copy of everything you need. Creating a DRP can be a daunting task.