Your Virtual Credit Manager

DECEMBER 20, 2022

Share Controlling Credit Risk Increasing sales to high margin customers disproportionately increases total gross profit. Explore options such as third party security on the debt owed you: Credit Insurance, an irrevocable Letter of Credit, obtaining collateral by filing a UCC Security Agreement, or a Guaranty of the debt by a third party.

Deductions 130

Deductions Credit and Collections Bad Debt Credit Risk 130

Your Virtual Credit Manager

JANUARY 9, 2024

Then last week we looked at credit hold best practices. From a credit management perspective, these are largely reactive topics. In fact, once you decide to sell a customer on open credit, most of the accounts receivable (AR) management tasks that follow have a reactive component. There is nothing wrong with that.

Credit and Collections 130

Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Your Virtual Credit Manager

OCTOBER 2, 2024

In determining the cost/benefit of any collateralization program, you must factor in the differences presented by each type of program, which include: Who owns the AR — is it sold or pledged as security? Who performs the Credit & Collection activities — you or the finance company?

Past Due Invoices 130

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

Credit Management Group UK

FEBRUARY 1, 2023

We have 3 live online training events that will help improve your credit management function. Enquire Now Small Claims Court £99 per person Running W/c 20th March W/c 19th June W/c 18th September Start time will be 2pm Our small claims court course will cover the process and procedures of taking legal action to get outstanding debts paid.

Bad Debt 94

Bad Debt Credit and Collections Order to Cash Credit Management 94

Your Virtual Credit Manager

MARCH 21, 2023

Subscribe now Lessons to Be Learned Looked at from the perspective of somebody responsible for the management of a portfolio of accounts receivable (AR), the events surrounding the SVB collapse present a cautionary tale. Any enterprise extending credit to another business needs to have real treasury expertise.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Bankruptcy Bad Debt Credit and Collections 130

Gaviti

JULY 24, 2024

Invoice Collection: When the accounting department receives the invoice, the accounts payable team confirms whether it ordered and received the product or service. Automated collections software can help ensure the invoicing process is as efficient as possible to facilitate timely payment from customers. Collections analytics.

Credit and Collections 98

Credit and Collections Bad Debt DSO Payment Portals 98

Fundera

JULY 16, 2018

A charge-off is when you’re so late on your credit card or loan payments that the lender expects you’ll never pay, so they remove the anticipated income from their ledger and document the loss as bad debt. Technically, that bad debt is “charged-off.” Technically, that bad debt is “charged-off” or “written-off.”.

Credit Scoring 72

Credit Scoring Bad Debt Credit and Collections Third Party Collections 72

Gaviti

NOVEMBER 24, 2024

The sooner your business collects on its invoices, the lower your financial risks and the better your financial position. One of the fastest ways to do this is via collections process automation to streamline the A/R process, eliminate manual tasks, and ensure timely follow-up with customers.

Credit and Collections 52

Credit and Collections DSO Average Days Delinquent Collection Effectiveness Index 52

Your Virtual Credit Manager

APRIL 4, 2023

Supporting profitable sales through the extension of credit Collecting as much of the AR generated as possible by or near the due date to ensure a substantial cash inflow Mitigating the risk of bad debt losses These tasks are best accomplished in a tidy environment. What constitutes optimization of a company’s AR?

Past Due Invoices 100

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 100

MNS Credit Management Group

SEPTEMBER 24, 2023

In addition to giving solicitors instructions to start legal proceedings, we also offer credit management services including sending letters of demand prior to legal action, a service that looks into a company’s history, credit reports, and status reports. When a client owes a business money, consumer collections take place.

Debt Collections 52

Debt Collections Credit and Collections Collector Credit Management 52

TreviPay

OCTOBER 2, 2024

October 2, 2024 — TreviPay , the most-trusted B2B payments and invoicing network, today announced a new strategic partnership with Allianz Trade the global leader in trade credit insurance. By utilizing the benefits that trade credit insurance provides, the partnership will enable companies to secure transactions and grow with confidence.

Bad Debt 64

Bad Debt Credit and Collections DSO Transactions 64

Emagia

FEBRUARY 2, 2024

OTC, the main cash flow driver, has many subsets within it, and credit management is more important than it looks on the surface. The top line and bottom line will be positively impacted when a sales order is received and fulfilled, but your business is at risk till you collect cash against the invoice.

B2B Credit 52

B2B Credit Credit and Collections Credit Application Credit Management 52

Emagia

JANUARY 30, 2023

Capturing and analyzing internal and external data and presenting them in the most intelligent and actionable format, and as well intelligently acting on them need a seamlessly integrated digital application that leverages emerging technologies. facilitated by a digital OTC, digital channels, and CRM powered by IoT and AI.

Order to Cash 52

Order to Cash Bad Debt Third Party Collections Credit and Collections 52

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

JSP Credit Management

MAY 26, 2022

But what we do feel duty bound to do is be realistic about the risks that businesses are exposed to when their credit management department is not given its fair share of TLC. Our first suggestion relates to the decision on whether or not to extend credit to your customer.

Credit Management 52

Credit Management Credit and Collections Bad Debt Credit Risk 52

Fundera

AUGUST 2, 2017

Who it’s for : Anyone struggling to learn accounting concepts such as debits and credits or accrual vs cash basis accounting. Favorite recent article: 13-part Introduction to Bookkeeping: Past and Present. Or if you are looking to learn how to read financial statements or reconcile a bank account.

Bad Debt 75

Bad Debt Credit and Collections Small Businesses Transactions 75

Gaviti

JUNE 10, 2024

If your business is scaling and expanding into new geographic regions, it may present challenges in collecting receivables. This should include debit and credit cards, local bank transfer, ACH/echeck, wire transfer and electronic funds transfer. Would a robust customer-facing payment portal help you collect receivables faster?

Payment Portals 52

Payment Portals Electronic Funds Transfer Credit and Collections Cash Applicator 52

Serrala

MARCH 14, 2024

Read more Centralise and standardize to improve customer engagement and reduce time to pay with the most comprehensive collections and dispute management solutions available. Read more Automate your credit risk management lifecycle value with AI-enabled processes to help protect your bottom line and improve trust.

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk Default 52

Serrala

MARCH 14, 2024

Read more Centralise and standardize to improve customer engagement and reduce time to pay with the most comprehensive collections and dispute management solutions available. Read more Automate your credit risk management lifecycle value with AI-enabled processes to help protect your bottom line and improve trust.

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk Default 52

Emagia

FEBRUARY 5, 2023

Automation of accounts receivable is the process of automating various manual tasks involved AR process like invoicing, collecting, and tracking receivable to ensure timely collection. Credit Management The starting point in the AR process is credit check, though that is part of broader OTC process.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and 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 found out we also needed to carry ID cards with us and present them to the customer upon arrival. Marketing plan?”,

Debt Collections 52

Debt Collections Credit and Collections Bad Debt Credit Management 52

Serrala

MARCH 14, 2024

With our AI-powered cash application, AP automation, collections and disputes, and Bill Pay solutions, your company can achieve high AR automation, collections, and payment matching rates of up to 99%. All of which can be accessed in real-time for an up-to-date and accurate overview of your company’s cash position.

Credit and Collections 52

Credit and Collections Automated Cash Application Cash Applicator Bad Debt 52

Serrala

MARCH 14, 2024

With our AI-powered cash application, collections and disputes, credit risk management, and Bill Pay solutions, your company can achieve high AR automation and payment matching rates of up to 99%. Read more Our solutions give you the power to automate processes across your credit risk management lifecycle.

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk AR Automation 52

TreviPay

AUGUST 30, 2023

TreviPay’s Electronic Invoice Presentment and Payment (EIPP) portal digitizes and streamlines account management, payments, disputes and reporting with your branding to give your customers a familiar and consistent experience. For larger credit lines that require more screening or information, decisions happen in hours, not days.

Credit and Collections 52

Credit and Collections B2B Credit Bad Debt Transactions 52

MNS Credit Management Group

APRIL 26, 2023

First it was SVB a top bank catering to the Tech sector, then Signature bank and then a big one – Credit Suisse which eventually got taken over another Swiss bank UBS. The issue with credit Suisse was more bad management and weak internal controls and risk management practices. However, the real problem is far from over.

Bad Debt 52

Bad Debt Credit and Collections Debt Collections Credit Management 52

Gaviti

NOVEMBER 27, 2023

Gathering documentation and data: The analyst collects relevant information, such as Proof of Delivery (PoD), Purchase Orders (PO), Bill of Lading (BoD), or tax invoices to determine the cause of the dispute and develop a resolution strategy. write-off, debt collection or refund). Consider automating the collection process.

Invoice Disputes 52

Invoice Disputes Credit and Collections Deductions Invoice to Cash 52

Eagle Business Credit

FEBRUARY 14, 2024

Funding Challenges Amidst Inflation One critical aspect of small business operations is funding, and many rely on loans or a line of credit to survive and grow. Interest rates reflect the cost of borrowing, and they directly influence the total amount a business must pay back in a debt-based financing agreement.

Small Businesses 40

Small Businesses Bad Debt Credit and Collections Credit Risk 40

Eagle Business Credit

MAY 2, 2024

At Eagle Business Credit, we understand that effective management of working capital not only improves liquidity but also enhances a firm’s overall profitability and performance. Credit checks and risk assessments ensure that terms are aligned with customer reliability, reducing the likelihood of bad debts.

Days Sales Outstanding 40

Days Sales Outstanding Credit and Collections Bad Debt DSO 40

JSP Credit Management

APRIL 19, 2022

JSP Credit Management's journey so far has taken some unexpected turns in its short lifespan. Therefore we have chosen to embrace the opportunities that have been presented to us and yes, it has involved some risk, but it has also involved some reward too and that is what we have benefited from in hindsight.

Debt Collections 52

Debt Collections Credit and Collections Collector Bad Debt 52