Remove Bad Debt Remove Credit Application Remove Transactions
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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.

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

Credit Research Foundation

Transforming your credit application process through digitization not only enhances credit extension capabilities but also significantly elevates the overall customer experience. Evaluating Your Current Processes: To begin, take a critical look at your existing credit application processes.

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A Focus on Collections & Credit Fraud

Your Virtual Credit Manager

Share Don’t Let Your Company Become an Easy Target for Commercial Credit Frauds The increasing pace of B2B fraud underscores the importance of not only assessing a customer’s financial stability but also implementing practices to mitigate fraudulent transactions. 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.

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AR Data Management, AR Automation, & Accelerating Cash Flow

Your Virtual Credit Manager

Clear from your AR ledger as many of the clutter transactions as possible. Match as many unapplied payments and unapplied credit memos to open invoices, deductions, and debit memos as possible. During 1995, DSO was reduced by an additional 10 percent, and bad-debt write-offs cut in half.

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What is Accounts Receivable Process Cycle? A Comprehensive Guide

Emagia

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.

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Supercharge Your Collections

Your Virtual Credit Manager

Photo by Willian Cittadin on Unsplash ) Neglecting collections can also lead to longer payment cycles, strained client relationships, and an increase in bad debt. They understood the dynamics that affected their customers and marketplace, as well as the credit controls needed to keep credit risk in check in this environment.