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Cash Flow – A B2Bcredit card program enhances cash flow through a reduction in the cycle time it takes to close a transaction, whether it be at the point of purchase or a defined payment date, by eliminating float time through the United States Postal Service.
Good credit management supports consistent cash flow, smooth payment collections, customer satisfaction, and much else. It matters even more for companies working in the business-to-business (B2B) space. At its core, credit management is the caretaking of a company’s financial health. What is B2Bcredit management?
Most recently that meant talking with a group of leaders in the B2Bcredit industry as part of NACM South Central’s annual “Day at the Races” event in Louisville, KY. How can AI help decrease DSO (Days Sales Outstanding)? AI can help decrease DSO by improving collections and credit management processes.
This technological advancement represents a significant departure from the manual, relationship-based credit assessments of the past, offering a more efficient and inclusive financial landscape. Here is how: Streamlined CreditApplication Process.
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