Bad Debt Credit Risk High-Risk Accounts 
Your Virtual Credit Manager
NOVEMBER 14, 2023
(Photo by Aziz Acharki on Unsplash ) Because Credit Policy is a part of Sales Policy, how you manage credit impacts company profits. How then does your Credit Policy affect your overall profitability? It affects the level of bad debt loss (uncollected Accounts Receivables) you suffer.
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. A former client had the necessary credit and collection expertise for their industry. Do you need help assessing your customers’ credit risks?
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Your Virtual Credit Manager
MAY 16, 2023
By avoiding the following common traps, or myths if you will, businesses can minimize the risk of non-payment or default and make better informed decisions about extending credit to other businesses that will boost sales and profits. Credit evaluations prevent more bad debts than collection efforts.
TreviPay
SEPTEMBER 18, 2024
Indemnity Percentage: The indemnity percentage refers to the portion of the debt covered by the insurer. Exclusions: Common exclusions include pre-existing bad debts, disputes between buyer and seller and non-payment arising from unresolved contractual disagreements. Customer service is another critical factor to consider.
Know-It Global
JUNE 20, 2023
It involves managing credit sales and making informed credit decisions, ensuring timely payment from customers, and minimising bad debt. This guide provides a comprehensive overview of credit control practices and strategies that your business can implement to mitigate credit risk, reduce debtor days and boost cashflow!
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