Your Virtual Credit Manager

FEBRUARY 18, 2025

(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.

Credit Application 130

Credit Application Credit and Collections Bad Debt High-Risk Accounts 130

Credit Research Foundation

JANUARY 11, 2024

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.

Credit Application 195

Credit Application Bad Debt Default Dashboards 195

Your Virtual Credit Manager

DECEMBER 31, 2024

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.

Collector 130

Collector Credit and Collections Bad Debt High-Risk Accounts 130

Gaviti

SEPTEMBER 6, 2023

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.

Cash Applicator 98

Cash Applicator Credit Application Collector Bad Debt 98

Your Virtual Credit Manager

JANUARY 3, 2023

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.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

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.

Days Sales Outstanding 40

Days Sales Outstanding DSO AR Reporting Credit and Collections 40

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. 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.

Credit and Collections 100

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