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 rule of thumb is the longer in business the lesser the credit risk. Photo by CardMapr.nl

Credit Scoring 130

Credit Scoring Credit Application Bad Debt Credit Risk 130

Emagia

JUNE 12, 2023

Credit risk management plays a critical role in the financial health and stability of businesses across industries. It involves identifying, assessing, and mitigating the potential risks associated with extending credit to customers or counterparties. What is Credit Risk Management?

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Credit Risk Credit and Collections Bad Debt Default 52

Know-It Global

JULY 26, 2023

This step minimises the risk of dealing with customers who may have difficulty settling their debts. Check-it business credit reports are powered by Creditsafe! These tools streamline processes, reduce errors, and improve overall efficiency, enabling faster and more accurate credit management.

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Electronic Funds Transfer Credit and Collections Debt Collections Bad Debt 98

MNS Credit Management Group

AUGUST 7, 2023

A company that does not have a sufficient corporate credit score may struggle to obtain crucial loans. What is a company credit score? A business credit score is a credit rating that indicates how likely a company is to repay its loans on schedule and without default.

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Credit Scoring Credit Risk Credit and Collections Bad Debt 52

Know-It Global

JULY 5, 2023

One effective strategy for achieving this goal is to implement a robust credit control system. By effectively managing your business’s credit and collection processes, you can optimise cashflow, minimise bad debt, and enhance overall financial health. A good business credit report will give you: Credit rating.

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Bad Debt Credit and Collections Debt Collections Credit Risk 52

CreditStrong for Business

SEPTEMBER 4, 2024

The trade-off for having your debt eliminated is a long-lasting derogatory mark on your credit report identifying you as a huge credit risk. Your credit report sees the effects of a bankruptcy filing for ten years for a chapter 7 bankruptcy. With a chapter 13 bankruptcy, your credit is affected for seven years.

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Bankruptcy Chapter 7 Credit Scoring Credit Reporting Agencies 52

Emagia

MAY 8, 2023

They give other firms knowledge about a company’s payment history and trade credit utilization , which can assist them in assessing the risk associated with extending credit or starting a business partnership. It is an essential tool for organizations to assess credit risk and decide whether to issue credit.

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Know-It Global

JUNE 14, 2023

Mitigating Associated Risks Know Your Customer One of the critical steps in mitigating the risks of trade credit is conducting a thorough business credit check on the companies you do business with. This involves evaluating their financial history, credit scores, payment patterns, and industry reputation.

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Credit and Collections Bad Debt Credit Risk Default 52

Know-It Global

JUNE 28, 2023

With the help of sophisticated software solutions, businesses can streamline and automate various credit management tasks, such as business credit checking and reporting, credit scoring, and credit monitoring.

Credit Scoring 52

Credit Scoring Credit and Collections Bad Debt Credit Management 52

Gaviti

FEBRUARY 6, 2023

Credit Risk Assessments The economic and business uncertainty caused by COVID-19 has led to an increase in credit risk, making it more difficult for businesses to identify which customers are most likely to default on their payments.

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AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 52

Emagia

FEBRUARY 2, 2024

Granting credit is an important tool for attracting and retaining customers. However, it is crucial for businesses to perform a credit check on the customers before extending credit, to avoid loss of revenue by way of bad debts.

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B2B Credit Credit and Collections Credit Application Credit Management 52

CreditStrong for Business

JULY 26, 2022

When you use a trade credit successfully, the vendor may report your on-time payments to a business credit agency, like Experian or Dunn & Bradstreet. This can help you build credit and increase your reputation as a good credit risk over time. How Can CreditStrong Help in Building Credit?

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Bad Debt Credit Scoring Credit Risk 52

Your Virtual Credit Manager

MARCH 26, 2024

Economic circumstances may prompt a vendor to either tighten or loosen its credit policies and customer credit limits. Going beyond the impact of macroeconomic trends, a company’s customers operate in dynamic business environments, and for a majority of them, the credit risk they pose is either increasing or decreasing.

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