Your Virtual Credit Manager

JANUARY 23, 2024

Learn More About YVCM Consulting Case Study: Portfolio Monitoring Pays Off Big-Time About 25 years ago, a credit manager I know saved his company from a seven-figure bad debt loss by monitoring the Internet on his biggest customers. request for substantially more credit, change in leadership, merger or acquisitions, etc.).

Credit Application 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

Gaviti

FEBRUARY 4, 2025

Ensure you have alerts set up so that you are aware when a customer is near their credit limit or to know if a customers credit score has changed. Consistency in credit processes reduces bad debt and fosters healthier customer relationships.

Average Days Delinquent 59

Average Days Delinquent Credit and Collections AR Metrics DSO 59

Your Virtual Credit Manager

MARCH 28, 2023

Using objective criteria, it is relatively easy to determine which companies are worthy of open credit terms and which are not. There is a challenge, however, with the 20 to 30 percent of credit decisions that fall in between. The question you need to answer is: should credit policy be liberal or conservative?

Credit Scoring 130

Credit Scoring Credit Application Bad Debt Credit Risk 130

Your Virtual Credit Manager

SEPTEMBER 12, 2023

Processing Delays There are several AR activities that often take longer than they should and therefore cause delays: processing credit applications, approving orders, generating invoices, and posting payments. When unobserved risks build up in your AR, the impact will be slower payments and defaults leading to bad debts.

Credit and Collections 130

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

Credit Management Group UK

MARCH 4, 2024

Having credit risk processes in place from the outset is ideal, but credit risk management procedures can be implemented at any stage to reduce your exposure to risk of bad debt write off, improve cash flow and protect your profit Below are a few methods to use for managing credit risk.

Credit Risk 97

Credit Risk Bad Debt Credit and Collections Credit Application 97

Emagia

MARCH 3, 2025

Financial Stability : Reducing outstanding receivables minimizes bad debts and improves financial health. Customer Credit Evaluation Before extending credit, businesses assess the creditworthiness of customers through financial statements, credit scores, and payment history.

DSO 40

DSO Days Sales Outstanding AR Reporting Credit and Collections 40

Your Virtual Credit Manager

JANUARY 9, 2024

Using credit scores, how is risk distributed among each segment? Are the assigned credit limits appropriate for each segment? In contrast, profit driven enterprises often miss opportunities because they are too restrictive out of a fear of bad debt losses.

Credit and Collections 130

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