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Creditmanagement is integral to accounts receivable management. Good creditmanagement 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. What is B2Bcreditmanagement?
For B2B businesses, creditmanagement is essential for accounts receivable (AR) management success. Proper, healthy creditmanagement allows for steady cash flow, better collections management and a manageable days sales outstanding (DSO). . External and Supporting Data . Learn More.
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 creditmanagement 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. Key features include: Comprehensive Credit Scoring: Ability to evaluate creditworthiness using diverse data inputs and advanced scoring models.
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