Waystar

MARCH 15, 2023

This is the third post in a new Waystar blog series: 7 steps to sharpen your healthcare revenue cycle. Can’t wait for a new blog each week? With a staggering amount of patient bad debt on the horizon, it’s crucial to execute a reliable pre-visit clearance process. PAtient financial experience TIP: 2.

Collector 98

Collector Credit and Collections Bad Debt Deductions 98

Know-It Global

APRIL 19, 2023

Supply chains threatened by soaring insolvencies Recent data has revealed the average bad debt for UK SMEs is £16,641, a spike of 61% in a year! Bad debts If the insolvent company owes you money, you may not be able to recover the debt, or you may only receive a fraction of what you are owed.

Bad Debt 98

Bad Debt Credit and Collections Credit Risk Credit Management 98

The Esker Blog

DECEMBER 13, 2022

Talent attraction & retention Pace of digitalization & innovation Security risks & data breaches Increasing bad debt. customer insights (business history, payer performances, credit risk management, etc.), and even predictive analytics (payment predictions, collections forecast, etc.). . Internally.

Accounts Receivable (AR) 97

Accounts Receivable (AR) DSO Bad Debt Invoice to Cash 97

Credit Management Group UK

DECEMBER 15, 2022

As previously employed as a Credit Manager by a national recruitment company and working for many recruitment firms since setting up CMG UK we have a vast amount of experience in making sure our clients get paid. Lesson : We now credit check all out client’s potential new customers companies and confirm full legal entity name at the outset.

Credit and Collections 98

Credit and Collections Bad Debt Credit Management Deductions 98

Know-It Global

JULY 5, 2023

Maintaining a healthy cashflow through credit control is crucial for the long-term success and sustainability of any enterprise, especially against the backdrop of soaring insolvencies and record instances of late payment. One effective strategy for achieving this goal is to implement a robust credit control system.

Bad Debt 52

Bad Debt Credit and Collections Debt Collections Credit Scoring 52

RMAi Blog

DECEMBER 9, 2022

On average, American’s are buying more and more of life’s necessities using their credit cards. According to the Federal Reserve Bank of New York, as published in its Quarterly Report on Household Debt and Credit Report the total household debt in the third quarter of 2022, increased by $351 billion (2.2%) to $16.51

Credit and Collections 100

Credit and Collections Bad Debt 100

Know-It Global

JULY 26, 2023

Evaluate and improve your credit terms Begin by assessing your current credit terms and ensure they are reasonable and aligned with industry standards. Consider shortening the credit period, tightening credit limits, or implementing stricter credit approval processes. Struggling for time?

Electronic Funds Transfer 98

Electronic Funds Transfer Credit and Collections Debt Collections Bad Debt 98

Know-It Global

JUNE 14, 2023

Offering trade credit can bring a huge boost to your business! One effective strategy that accomplishes both goals is offering trade credit. This is an arrangement where businesses extend credit to their customers, allowing them to purchase goods or services and pay at a later date.

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk Default 52

Know-It Global

JUNE 5, 2023

Effective credit control is crucial for maintaining a healthy cashflow and financial stability. By implementing a well-structured credit control process, businesses can mitigate the risks associated with late payments and bad debts, ensuring a steady stream of revenue.

Electronic Funds Transfer 52

Electronic Funds Transfer Bad Debt Credit and Collections Credit Management 52

Emagia

JANUARY 27, 2025

One of the most essential aspects of business finance is managing credit effectively. Whether you are a small business owner or managing the finances of a large enterprise, having the right tools to manage credit can make a huge difference. This is where credit management software comes in. What is Credit Management Software?

Credit Management 40

Credit Management Bad Debt Credit and Collections Credit Risk 40

Lendio

MARCH 13, 2023

You will become very familiar with accounts receivable, sometimes abbreviated as AR, if you are a freelancer who gets paid via invoices or if you sell goods on credit. An alternative method of accounting for your business’ receivables that will never be collected is by keeping a running allowance for doubtful accounts on your balance sheet.

Allowance for Doubtful Accounts 52

Allowance for Doubtful Accounts Bad Debt Credit and Collections Credit Sales 52

billtrust

NOVEMBER 1, 2022

The primary goals of accounts receivable The best KPI for accounts receivable Ten AR optimization goals you should accomplish How to get paid faster with key collection strategies How accounts receivable automation can eliminate manual tasks. After all, staying in business is hard if you can’t collect the money your customers owe you.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Bad Debt Days Sales Outstanding DSO 52

TreviPay

SEPTEMBER 18, 2024

Trade credit insurance has become a vital tool for businesses looking to protect themselves from the risk of non-payment by customers. Trade credit insurance, also known as accounts receivable insurance, safeguards businesses from significant losses. This guide to trade credit insurance will help you navigate the complexities of it.

Bad Debt 52

Bad Debt Default Credit and Collections Export Credit 52

JSP Credit Management

MAY 26, 2022

We sometimes reference famous names when writing our blogs, such as Karl Marx, and other notable scholars who might have contributed to our way of thinking and perhaps our approach to our work too. We’ve written about the current insolvency statistics affecting companies struggling for cash in earlier blogs.

Credit Management 52

Credit Management Credit and Collections Bad Debt Credit Risk 52

Know-It Global

JUNE 28, 2023

In today’s fast-paced and interconnected world, credit control has become a vital aspect of financial management for businesses. Traditionally, credit management involved manual processes and relied heavily on human intervention, which often proved time-consuming and prone to errors. Check out this short demo to see how-it works!

Credit Scoring 52

Credit Scoring Credit and Collections Bad Debt Credit Management 52

Know-It Global

JANUARY 31, 2023

Trade credit insurance provides much needed protection against the risk of your customers going into liquidation or administration! Trade credit insurance allows you to insure single invoices to ensure you’re still paid even if your customers go insolvent and can’t pay their invoices themselves. How does trade credit insurance work?

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk 52

TreviPay

AUGUST 27, 2024

It is crucial in determining how efficiently a business is collecting payments from customer credit purchases during a specific period of time. The Accounts Receivable Turnover Ratio is a financial measurement used to determine how efficiently a company collects payments from its customers during a time period, typically a year.

Credit and Collections 52

Credit and Collections Bad Debt Credit Sales DSO 52

Waystar

MARCH 15, 2023

This is the third post in a new Waystar blog series: 7 steps to sharpen your healthcare revenue cycle. Can’t wait for a new blog each week? With a staggering amount of patient bad debt on the horizon, it’s crucial to execute a reliable pre-visit clearance process. PAtient financial experience TIP: 2.

Collector 52

Collector Credit and Collections Bad Debt Deductions 52

Gaviti

NOVEMBER 16, 2023

The method you choose will depend on a range of factors, including how you define a delinquent account, the level of delinquency, how it impacts your organization, and whether or not it affects your company’s credit report. It extends the time period until a receivable is collected, increasing the risk of negative cash flow.

Credit and Collections 52

Credit and Collections Bad Debt Invoice to Cash Debt Collections 52

JSP Credit Management

SEPTEMBER 23, 2021

When JSP Credit Management was first incorporated, naturally a fair amount of preparatory work had already been done. This has been one of JSP Credit Management’s core mantra’s since starting up. We also learned that one of the most used methods for improving SEO is by writing a blog. Marketing plan?”,

Debt Collections 52

Debt Collections Credit and Collections Bad Debt Credit Management 52

JSP Credit Management

SEPTEMBER 28, 2021

We could not think of a more enticing headline to a blog if we tried, so please forgive the clickbait, but this week’s blog is much more than that. One of the other advantages to such a review is that, especially when it comes to debt collection, it is centred around an activity that is high in volume and transactional value.

Credit and Collections 52

Credit and Collections Collector Bad Debt Debt Collections 52

CreditStrong for Business

MARCH 10, 2023

Late payments remain on your credit bureau report and influence your credit score for seven years. Fortunately, there are ways to improve your overall credit profile to offset the adverse results that late payments have on your credit score. What Is Considered as a Late Payment? on the due date are deemed as late.

Credit Scoring 52

Credit Scoring Credit Card Payments Bankruptcy Chapter 7 52

Lendio

NOVEMBER 13, 2023

Selling accounts receivable (aka factoring) is a financial strategy where a business sells its outstanding invoices or accounts receivable to a third-party company, referred to as a ‘factor’ The factor pays the business a significant portion of the amount due up front, then proceeds to collect the full amount from the indebted customer.

Credit and Collections 52

Credit and Collections Accounts Receivable (AR) Credit Scoring Invoice Amount 52

JSP Credit Management

NOVEMBER 15, 2021

Things have been fairly challenging here at JSP Credit Management’s headquarters just lately. An ever-increasing workload has placed some pressure on our ability to meet some of our usual deadlines, such as our weekly blog, for example. We apologise for that, as realise that some of our followers enjoy reading them.

Collector 52

Collector Credit and Collections Bad Debt DSO 52

Lendio

MAY 23, 2023

Send out reminders to collect on outstanding income for the year. Pro Tip : Any invoice overdue by 90 days that you are unable to collect on is considered “bad debt” and may be eligible to be a tax write-off. See Which Tax Credits You Qualify For A tax credit will decrease the total amount you owe on your total tax bill.

Small Businesses 52

Small Businesses Deductions Credit and Collections Bad Debt 52

billtrust

OCTOBER 27, 2022

Credit cards. One of the most common forms of payment is the good old-fashioned credit card. Credit cards allow customers to make purchases without carrying large amounts of cash. You’ll need to accept credit card payments to stay competitive while doing business online. Share with your network: Mail. Debit cards.

Credit and Collections 52

Credit and Collections Bad Debt Credit Card Payments Transactions 52

FICO Blog

JANUARY 5, 2023

I suspect Yogi would be disappointed to know that after many years of writing a year-end public policy predictions blog post, I am no longer aware of my batting average. With a weakening economy, BNPL firms have seen a rise in bad debts, growing losses, increased costs of operations and tumbling share prices. Four 2023 U.S.

Cybersecurity 52

Cybersecurity Bad Debt Credit and Collections Transactions 52

Eagle Business Credit

JUNE 20, 2024

For B2B businesses, financial management involves several specific considerations, including managing cash flow, understanding credit terms, and leveraging financial tools to optimize business performance. This blog will explore key strategies and practices that B2B businesses can implement to manage their finances more effectively.

Small Businesses 40

Small Businesses Credit and Collections Bad Debt Credit Management 40

Emagia

FEBRUARY 5, 2025

For CFOs and AR teams, this comprehensive view is a game-changer in managing accounts receivable, improving collections, and optimizing cash flow. In this blog, we will explore how a Customer 360-Degree View can transform your AR process and how Emagias AI-powered AR Automation Platform helps unlock the full potential of this strategy.

AR Automation 40

AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 40

JSP Credit Management

APRIL 19, 2022

JSP Credit Management's journey so far has taken some unexpected turns in its short lifespan. Until about a month later that is, when an opportunity arose on social media to get involved in a disputed commercial debt that existed between two parties that were based in Europe and Asia respectively. That is "what was your recovery rate?",

Debt Collections 52

Debt Collections Credit and Collections Collector Bad Debt 52