Gaviti

NOVEMBER 21, 2024

Eliminate the Errors from Accounts Receivable Many of the mistakes talked about in this article can be better managed and even eliminated with Gaviti, accounts receivable automation solution. Credit management and monitoring. Want to learn more? Schedule a product demo.

Automated Cash Application 98

Automated Cash Application Credit and Collections Cash Applicator Deductions 98

Abrigo

DECEMBER 20, 2024

Based on comments from the Abrigo Advisory Services team and our bank and credit union clients, executives will have their work cut out to manage profitability, balance sheet growth, and credit risk. Still-elevated interest rates are running into declining consumer purchasing power, which stands to add pressure to credit risk.

Credit Unions 78

Credit Unions CECL Credit Risk 78

Abrigo

APRIL 11, 2025

This article covers these key topics: Hindrances to sound loan review scoping What loan review should be able to do How to stop scoping like it's 1985 Bringing your loan review scope into 2025 Determining the scope of a financial institutions loan review is the foundation of an effective loan review process. appeared first on Abrigo.

Credit Risk 78

Credit Risk CECL 78

Abrigo

DECEMBER 31, 2019

Those priorities are apparent in the most popular Abrigo lending and credit blog posts for the year. Articles focused on improving loan pricing, creating a better experience for borrowers, and developing risk ratings customized for the institution were among the most-viewed throughout the year. Credit Risk.

Credit Risk 60

Credit Risk Credit Unions Small Businesses 60

Abrigo

FEBRUARY 9, 2015

One of the most popular tools to monitor credit risk is a standardized risk rating system. A credit risk rating system provides banks and credit unions the opportunity to grade transactions in their commercial loan portfolio by level of risk. All credit exposures should be rated.

Credit Risk 60

Credit Risk Credit Unions Transactions 60

Abrigo

MAY 19, 2016

Monitoring credit risk management, interest rate risk and banks’ ability to stress test loans affected by low oil prices are among the priorities for supervisors at the Office of the Comptroller of the Currency (OCC) these days, according to the agency’s recent mid-year status report on its operating plan.

Credit Risk 60

Credit Risk Cybersecurity 60

Abrigo

SEPTEMBER 25, 2024

Would you like other articles like this in your inbox? Read Main Street Bank's story Abrigo SBA Lending Blog Lending & Credit Risk SBA Lending Breaking down SBA lending: What is E-Tran? Key Takeaways E-Tran is the SBA's loan submission platform. 7(a) and 504 loan programs both use E-Tran for managing loans.

Credit Unions 151

Credit Unions Credit Risk Credit and Collections Small Businesses 151

Abrigo

FEBRUARY 12, 2025

Banks & credit unions use technology to solve challenges AI today is the result of decades of research and development. Credit bureaus , which were very localized at the time, began expanding to a more national footprint. Expanding these bureaus nationally enabled standardization in credit assessments.

Credit and Collections 88

Credit and Collections Credit Reporting Agencies Credit Unions Credit Risk 88

Know-It Global

MAY 8, 2023

As a business owner, it’s essential to understand and manage credit risk to maintain a healthy cash flow and avoid financial losses. Credit risk is the potential for a borrower to fail to repay a loan or credit extended to them. The good news is you can avoid these issues. Did you know? Worldwide coverage.

Credit Risk 52

Credit Risk Bad Debt Credit and Collections Default 52

Actico

SEPTEMBER 13, 2021

In the blog article, we show which elements in the credit risk process are suitable for this. Lending in banks offers numerous opportunities to digitize and fully or partially automate manual processes.

Credit Risk 52

Credit Risk 52

Know-It Global

MAY 8, 2023

As a business owner, it’s essential to understand and manage credit risk to maintain a healthy cash flow and avoid financial losses. Credit risk is the potential for a borrower to fail to repay a loan or credit extended to them. The good news is you can avoid these issues. Did you know? Worldwide coverage.

Credit Risk 52

Credit Risk Bad Debt Credit and Collections Default 52

Emagia

MARCH 15, 2024

Managing credit risk for B2B customers is critical for seamless order to cash (OTC) and working capital cycles. Businesses that follow traditional reactive strategies in OTC processes may find it difficult to collect at-risk future invoices, likely leading to large invoices going delinquent.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

Emagia

MARCH 15, 2024

Managing credit risk for B2B customers is critical for seamless order to cash (OTC) and working capital cycles. Businesses that follow traditional reactive strategies in OTC processes may find it difficult to collect at-risk future invoices, likely leading to large invoices going delinquent.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

Abrigo

SEPTEMBER 23, 2024

Would you like other articles like this in your inbox? Data for banks & credit unions Real-time pricing trends for loans Now that the Fed has lowerered interest rates , financial institutions will want to carefully monitor current loan interest rate trends in their markets to remain competitive as rates drop.

Credit Unions 88

Credit Unions Credit Risk Credit and Collections Small Businesses 88

Your Virtual Credit Manager

MARCH 14, 2023

Here’s an article on overcoming collection excuses. If you let invoices go until they reach 60 days past due or longer, you will also, in many instances, compound your problems by processing additional orders to customers that should have been identified during the interim as bad credit risks.

Collector 189

Collector Past Due Invoices Bad Debt Credit and Collections 189

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. If not paid by the discount date, the full amount is due in 30 days.

Bad Debt 130

Bad Debt Accounts Receivable (AR) Credit Risk Bankruptcy 130

Your Virtual Credit Manager

NOVEMBER 14, 2023

Selling only to financially strong customers reduces the risk of bad debt loss, (and the cost of Credit and Collections activity required). Most companies, however, need incremental sales volume from higher-credit-risk customers to break even and achieve profitability. it just might help them pay you sooner!

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

DECEMBER 5, 2023

Share Differentiating Your Customers The two most important customer account characteristics that will foreshadow the Collection Strategy you should pursue are: The size of their AR balance Their credit risk profile As a rule, customers that owe you larger amounts of past due AR should receive more and earlier attention than customers who owe less.

Credit and Collections 130

Credit and Collections Third Party Collections Accounts Receivable (AR) Credit Risk 130

Cpcmcredit Blog

NOVEMBER 7, 2023

the article blames “Brexit” and government policy. As some of you will know, im a pretty avid cycler and have been for over 15 years, well before the current “mamil” craze and of course the boom in cycling through lockdown. This lockdown boom is over, as illustrated in this piece in the Observer.

Credit Risk 52

Credit Risk 52

Abrigo

MAY 27, 2022

What Makes a Successful Credit Manager Focusing on these traits can only help you become a better credit manager at your financial institution. Would you like other articles on loan review in your inbox? 5 Traits of the Ideal Credit Manager. Credit Analysis Training. Credit Risk Management.

Credit Management 78

Credit Management Credit Risk 78

Abrigo

DECEMBER 1, 2021

Would you like other articles like this in your inbox? This article is substantially updated from a 2013 blog post. There will always be risks inherent in loan portfolios, and effective portfolio management and loan control functions are critical to the overall risk management function of banks and credit unions.

Credit Risk 78

Credit Risk Credit Unions 78

Your Virtual Credit Manager

JANUARY 2, 2024

If collections are not done properly and in an adequate frequency , your AR will age, cash flow will decrease, and the risk of bad debt loss will increase. Photo by Kai Pilger on Unsplash ) We have written several articles on collections, which you can find in our archive. To learn more, you will need to be a paid subscriber.

Bad Debt 130

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

Abrigo

OCTOBER 21, 2024

How financial institutions deal with problem loans Problem loans are a natural outcome of the risks banks and credit unions take when lending, and they should be expected over the long run during the ups and downs of the business cycle.

Credit Unions 78

Credit Unions Default Credit and Collections Credit Risk 78

Your Virtual Credit Manager

JANUARY 3, 2023

Photo by DESIGNECOLOGIST on Unsplash Editor’s Note: To start off the New Year, we’re bringing back three of the most popular YVCM articles from 2023. We’ve condensed the articles to save you time, but have also provided links to the originals should you want to take a deeper dive. Update your customer master file.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

SEPTEMBER 19, 2023

Starting in October, free subscribers will only receive the introductory section of our weekly articles. Plus, you will get full access to our growing archive of over 100 articles! Raise Their Prices: When you have a high credit risk customer, you should be charging them the highest price possible. Offer ends 9/30/23.

Credit and Collections 130

Credit and Collections Default Bad Debt Credit Risk 130

SAP Credit Management

JANUARY 13, 2023

This blog article will explore operational and financial considerations for this supply chain model and some leading practices and methods to enable this model in SAP and S/4HANA ERP. The Principal company or the Hub entity should be allocated more management control and business risks (e.g. Pharmaceutical/Life Sciences and High-Tech.

Transactions 170

Transactions Credit Risk 170

Pactola

DECEMBER 7, 2020

For over 30 years, the regulators have advocated, or required, an independent validation of credit risk. And finally: Is it risk based? This article identifies common misconceptions and deficiencies in CRR functions that we’ve evaluated in our roles as former regulators, bankers, or as independent consultants.

Credit Risk 40

Credit Risk Transactions 40

Abrigo

MAY 19, 2023

You might also like this webinar, "Return to basics: Asking the right credit risk questions." Introduction A few good men and women In previous articles, we have explored the objectives of a loan review and credit risk review system in general.

Credit Risk 78

Credit Risk Credit Unions Revenue Recognition Default 78

Abrigo

AUGUST 2, 2023

CRE credit risk is in the spotlight A structured approach to assessing commercial real estate risk helps banks and credit unions address inquiries about the health of CRE loans. Executives should be prepared to discuss credit risk stress testing outcomes and their impact on risk management decisions.

CECL 78

CECL Credit Risk Credit Unions 78

Abrigo

JULY 20, 2024

Want more articles like this? Credit risk : In C&I lending, at least part of the collateral is intangible. The emphasis for commercial credit risk management and evaluation is cash flow, fixed charges coverage, and working capital cycles. What will need to change for solid commercial credit analysis ?

Credit Unions 78

Credit Unions Credit Risk Small Businesses 78

Abrigo

MAY 24, 2024

Would you like other articles like this in your inbox? The FedNow Service enables community financial institutions to stay competitive by meeting instant payment demands. Implement it smoothly with these tips on preparing for FedNow.

Credit Unions 97

Credit Unions CECL Credit Risk Transactions 97

Serrala

SEPTEMBER 7, 2023

Read more Bild Credit & Risk Management Automate processes across your entire credit management lifecycle for faster and more accurate credit decisions and less manual activities. Reduce DSO and optimize working capital with the most comprehensive collections software. Be inspired, learn from peers and discover trends.

Credit and Collections 98

Credit and Collections Order to Cash Cash Applicator DSO 98

Abrigo

NOVEMBER 18, 2016

In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. Learn more about the Sageworks Credit Risk Management Solution. This reflects a larger industry trend.

Credit Unions 98

Credit Unions Credit Risk 98

Your Virtual Credit Manager

OCTOBER 15, 2024

Full Speed Ahead for Collections Effective collections management is key to maintaining healthy cash flow and minimizing overdue accounts, which will reduce your risk of bad debt losses. To achieve this, it's essential to have the right personnel, tools, and processes in place.

Chapter 11 100

Chapter 11 Bad Debt Bankruptcy Accounts Receivable (AR) 100

Abrigo

OCTOBER 17, 2023

Supervisory priorities Banking examiners to focus on managing change As banks and credit unions face an ever-evolving landscape that requires adaptability and innovation, they would be wise to take stock of their change management processes. This article describes recent comments by financial regulators about managing change.

Credit Unions 78

Credit Unions CECL Credit Risk Dashboards 78

Your Virtual Credit Manager

DECEMBER 6, 2022

The two most important functions are: Credit Risk Management involves investigating (vetting) and monitoring the financial strength of your customers to ensure they have the financial resources to pay your invoices on time.

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

Abrigo

AUGUST 29, 2022

E-signature capabilities benefit both customers and staff Banks and credit unions that leverage electronic signature capabilities reap the benefits of a more efficient lending process. Would you like other articles like this in your inbox? Lending & Credit Risk. How to implement consistent credit risk pricing.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections 78