Know-It Global

JULY 26, 2023

These tools streamline processes, reduce errors, and improve overall efficiency, enabling faster and more accurate credit management. Know-it seamlessly connects with Xero , Sage , QuickBooks and FreeAgent which allows you to automate the complete credit control process, helping you mitigate credit risk, reduce debtor days and boost cashflow!

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Electronic Funds Transfer Credit and Collections Debt Collections Bad Debt 98

TreviPay

AUGUST 27, 2024

A higher turnover ratio means that companies are turning more outstanding payments into usable money, which leads to a healthier cash flow, high liquidity and demonstrates that the company is at a smaller risk of being in bad debts. What is a Good Accounts Receivable Turnover Ratio?

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TreviPay

SEPTEMBER 18, 2024

Indemnity Percentage: The indemnity percentage refers to the portion of the debt covered by the insurer. Exclusions: Common exclusions include pre-existing bad debts, disputes between buyer and seller and non-payment arising from unresolved contractual disagreements.

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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. Delinquent accounts increase the amount of bad debt your company accumulates and its perceived risk for investors.

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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.

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Credit Management Credit and Collections Bad Debt Credit Risk 52

JSP Credit Management

SEPTEMBER 23, 2021

We also learned that one of the most used methods for improving SEO is by writing a blog. At the outset, our initial plan consisted of a plan to write 10 blogs. To come up with 10 different ideas of what to write about as a blog, and each one of them had to be completely life-changing to each reader of it of course.

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Debt Collections Credit and Collections Bad Debt Credit Management 52

Know-It Global

JUNE 28, 2023

These insights help identify potential risks, predict payment behaviours, and customise credit terms based on individual customer profiles. Consequently, businesses can optimise credit management strategies to minimise bad debt, improve cash flow, and maximise profitability.

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Credit Scoring Credit and Collections Bad Debt Credit Management 52

JSP Credit Management

MAY 10, 2022

Something, we might add, that JSP Credit Management absolutely loves, but has something to do with the topic of this blog, on “cultural awareness”. From the outset JSP Credit Management set out to make being culturally aware a conscious effort. We are showing that right now with this blog.

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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. But this blog is not about your customers, this is about you. It contains a discussion about something that we actually have very firm convictions about. So, time for the big reveal.

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Know-It Global

JUNE 20, 2023

It involves managing credit sales and making informed credit decisions, ensuring timely payment from customers, and minimising bad debt. This guide provides a comprehensive overview of credit control practices and strategies that your business can implement to mitigate credit risk, reduce debtor days and boost cashflow!

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Bad Debt Credit and Collections Debt Collections Credit Risk 19

Know-It Global

JANUARY 31, 2023

Improved banking terms Banks and financial institutions will offer better banking terms to businesses that have trade credit insurance in place, because this provides greater protection to their assets. Your business will be able to borrow more, usually with a preferential rate. This cash can be used to reinvest into your business to grow!

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Credit and Collections Bad Debt Credit Risk 52

JSP Credit Management

APRIL 19, 2022

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. Don't worry, this is not a "don’t listen to your business plan" blog. We are big advocates of having a business plan.

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Debt Collections Credit and Collections Collector Bad Debt 52