Bad Debt Collector Credit Application 
Your Virtual Credit Manager
MARCH 4, 2025
We don’t, however, want to minimize the importance of the credit side of the equation. As discussed in a recent post , gathering customer information doesn’t stop with the credit application. You put your firm at risk by limiting credit assessments to only new customers, which is too often the case.
Your Virtual Credit Manager
DECEMBER 31, 2024
Best Practices for Handling Customers that Put a Low Priority on Paying Your Company Collectors face various challenges when dealing with past due balances, particularly when customers prioritize payments based on their financial situation, economic conditions, and internal processes. via direct external communication with the customer.
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Gaviti
SEPTEMBER 6, 2023
Cash Application: A New Era of Accuracy and Efficiency As Gaviti is a platform built by collectors for collectors, we understand the challenges that come with manual cash application processes – the potential for errors, time-consuming matching tasks, and the overall drain on resources.
Your Virtual Credit Manager
JANUARY 3, 2023
During 1995, DSO was reduced by an additional 10 percent, and bad-debt write-offs cut in half. Here are the six other types of AR automation being implemented across the order-to-cash (O2C) spectrum: Online Credit Applications: The best solutions provide approval workflow and automated reference checking.
Your Virtual Credit Manager
JANUARY 16, 2024
Here then are eleven mistakes that business debt collectors should avoid: 1. Ignoring Customer Disputes When a customer disputes an invoice or has issues with the services your business provided, it’s up to the collector to investigate before making additional collection demands beyond asking for payment of non-disputed items.
Your Virtual Credit Manager
DECEMBER 6, 2022
The company ended up writing off millions of dollars in bad debt. In addition, bad debt and concession expenses decreased by several million dollars annually. So far so good, but this company had an Achilles heal. This software firm did not actively manage its AR. Cash flow from AR was well below reported revenue.
Your Virtual Credit Manager
JANUARY 9, 2024
Two weeks ago we recapped the three most read articles from 2023: identifying red flags, understanding why customers pay late, and the secrets of successful collectors. Then last week we looked at credit hold best practices. From a credit management perspective, these are largely reactive topics.
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