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?

Credit Risk 52

Credit Risk Credit and Collections Bad Debt Default 52

Your Virtual Credit Manager

JANUARY 3, 2023

Do not match unapplied credits with open deductions and debits unless there is documentation to relate them or you will be in violation of escheatment laws. Refresh the credit risk ratings and credit limits of customers that have not been updated within the past two years. Update your customer master file.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

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. Digital signature in place of a manual signature on a paper application.

B2B Credit 52

B2B Credit Credit and Collections Credit Application Credit Management 52

Gaviti

APRIL 18, 2024

It also helps provide documentation in the event that your company has bad debt that it is able to take as a tax deduction. Credit management and monitoring. Send online credit applications to both existing customers and potential prospects. Get alerts in real-time about customers with increased credit risk.

AR Aging 52

AR Aging Credit and Collections Bad Debt Allowance for Doubtful Accounts 52