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After the Credit Application: Getting to Know Your Customers Even Better

Your Virtual Credit Manager

(Photo by Markus Spiske on Unsplash ) When there are time constraints that forestall additional research, denying credit or requiring collateral or some other security is the best way to avoid a decision that results in delinquency and a potential bad debt loss. Your Virtual Credit Manager is a reader-supported publication.

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How Are Your Customers Doing?

Your Virtual Credit Manager

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.

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Revolutionize Your Credit Application Process: A Compelling Case for Digital Transformation

Credit Research Foundation

In the dynamic landscape of credit management, embracing digital transformation is no longer just an option but a strategic imperative. Transforming your credit application process through digitization not only enhances credit extension capabilities but also significantly elevates the overall customer experience.

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Top 10 Strategies for Reducing Days Sales Outstanding (DSO)

Your Virtual Credit Manager

Your Virtual Credit Manager is a reader-supported publication. Besides driving process improvement, the experts at Your Virtual Credit Manager can apply default risk probabilities & other financial benchmarks to your AR portfolio to reveal actionable credit & collection insights.

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Due Diligence Doesn't End with the Credit Application

Your Virtual Credit Manager

The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. Consequently, the credit manager was able to purchase credit insurance on his customer, and was therefore able to continue approving credit sales, within limits, to the chain store customer.

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A Focus on Collections & Credit Fraud

Your Virtual Credit Manager

If your enjoy this article and would like to get access to the full story, we hope you will subscribe Your Virtual Credit Manager is a reader-supported publication. However, access to the original articles via the links we’ve embedded is only for our paid subscribers. via direct external communication with the customer.

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Introducing: Cash Application, Credit Application Management, Integrated AI and Much More

Gaviti

Contact your customer success manager or email us at info@gaviti.com Join our webinar on Sep 13th to learn more about the new Cash Application module >> Credit Application Management: Empowering Risk Management and Visibility Avoid high risk customers from the start and monitor ongoing risk as they build a relationship with you.