Credit Research Foundation

APRIL 12, 2024

Risk Mitigation – A seldom noted but important point is that a properly implemented program can reduce your risk of slow payment, fraud, and default within your portfolio. A properly implemented credit card program is becoming an essential tool in the payment process for organizations both large and small.

Credit Card Companies 195

Credit Card Companies B2B Credit Bad Debt DSO 195

Eastern Credit Management Services

NOVEMBER 13, 2019

You can do this quite effectively by having a detailed credit application, I’m so much of a proponent of this that I wrote a whole blog dedicated to creating one. A detailed credit application does two things, it informs your customer of the terms and conditions of the credit you extend.

Bad Debt 52

Bad Debt Small Businesses Credit Reporting Agencies Credit Application 52

Your Virtual Credit Manager

FEBRUARY 13, 2024

This prediction, although bold, is corroborated by the broader economic data, including escalating corporate bankruptcies, tightening loan standards by banks, and the surge in delinquent debt balances and consumer debt. You may also want to tighten your credit hold parameters at this time. Obtain Quotes on Credit Insurance.

Bankruptcy 130

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

Your Virtual Credit Manager

DECEMBER 6, 2022

Without effective AR management, your cash flow is subject to entropy as the AR ages, as well as to the shocks caused by customer defaults. The solution is the implementation of credit and collection best practices geared to ensure customer profitability and sufficient cash flow. it just might help them pay you sooner!

DSO 130

DSO Credit and Collections Bad Debt AR Aging 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

Your Virtual Credit Manager

JUNE 18, 2024

Photo by Muhammad Daudy on Unsplash ) The problem with startup companies: there is a high probability they will fail , leaving you with a bad debt on your books. That’s why it is standard to ask on a credit applications the year in which the business was formed.

Bad Debt 100

Bad Debt Credit and Collections Credit Risk Credit Card Companies 100

Your Virtual Credit Manager

NOVEMBER 29, 2022

There are two factors that determine the rate of decline: the cost of money for your business and the probability of default by the debtor. Historically, the probability of default for a pool of receivables tends to increase as the receivables age. Your credit application should include all this information.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Default Collector 130

Your Virtual Credit Manager

SEPTEMBER 17, 2024

Photo by Willian Cittadin on Unsplash ) Neglecting collections can also lead to longer payment cycles, strained client relationships, and an increase in bad debt. To continue reading and learn nine areas of focus for supercharging your collection process, you must be a paid subscriber to Your Virtual Credit Manager.

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Emagia

MARCH 3, 2025

Financial Stability : Reducing outstanding receivables minimizes bad debts and improves financial health. Collections Management Effective collections management involves tracking overdue invoices and implementing escalation strategies for persistent defaulters.

DSO 40

DSO Days Sales Outstanding AR Reporting Credit and Collections 40

Emagia

JUNE 12, 2023

It involves identifying, assessing, and mitigating the potential risks associated with extending credit to customers or counterparties. Effective credit risk management enables organizations to make informed decisions, protect their assets, maintain healthy cash flows, and safeguard against default and financial losses.

Credit Risk 52

Credit Risk Credit and Collections Bad Debt Default 52

TreviPay

MARCH 17, 2023

Being able to offer line of instant credit to its business customers while leaving responsibility for risk assessment and underwriting to TreviPay means this retailer is always paid on time, even if their business customers default on a payment.

B2B Credit 52

B2B Credit Bad Debt Credit Application Default 52

TreviPay

MARCH 17, 2023

Being able to offer line of instant credit to its business customers while leaving responsibility for risk assessment and underwriting to TreviPay means this retailer is always paid on time, even if their business customers default on a payment.

B2B Credit 52

B2B Credit Bad Debt Credit Application Default 52

TreviPay

MARCH 17, 2023

The company can offer a line of instant credit to its business customers while leaving responsibility for risk assessment and underwriting to TreviPay. That means Staples is always paid on time, even if their business customers default on a payment.

Bad Debt 52

Bad Debt Credit Application Default Credit Management 52

TreviPay

MARCH 20, 2023

You can also call a businesses’ references and creditors directly or view their financial statements as part of the credit application. If bad debts are increasing, finding their source may uncover problems in your credit approval process. You might even miss warning signs.

B2B Credit 52

B2B Credit Credit Management Credit and Collections Days Sales Outstanding 52

Bectran

MARCH 5, 2025

The accumulation of bad debt is a massive hindrance for businesses that rely on consistent cash flow in their accounts receivable. Piling bad debt reduces your companys expected revenue and limits your ability to reinvest liquidity into business operations. The Bad Debt Spiral.

Bad Debt 52

Bad Debt High-Risk Accounts Credit and Collections Default 52

Gaviti

MARCH 11, 2025

Without proper credit assessments and checks, businesses expose themselves to significant financial risks, including cash flow disruptions and potential bad debts. Manual Application Processing: Accommodate traditional credit applications by allowing for manual data entry and assessment, ensuring no customer is left behind.

Credit Risk 52

Credit Risk Credit Scoring Credit and Collections Credit Application 52

Your Virtual Credit Manager

MARCH 26, 2024

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. If the European parent company defaulted, the North American subsidiary would be pulled into bankruptcy even though its operations were profitable.

Bankruptcy 130

Bankruptcy Bad Debt Credit Scoring Chapter 11 130