Gaviti

NOVEMBER 24, 2024

You want to reduce the risk of getting swayed by bells and whistles that do not necessarily meet your objectives. Ensure Buy-In From Key Stakeholders After you understand your collections team’s needs, you’ll need to present them to your CFO and any other important stakeholders to get them on board.

Credit and Collections 52

Credit and Collections DSO Average Days Delinquent Collection Effectiveness Index 52

Your Virtual Credit Manager

OCTOBER 2, 2024

In determining the cost/benefit of any collateralization program, you must factor in the differences presented by each type of program, which include: Who owns the AR — is it sold or pledged as security? Your Virtual Credit Manager is a reader-supported publication. Do you need help assessing your customers’ credit risks?

Past Due Invoices 130

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

Gaviti

JULY 24, 2024

Pre-Qualify Customers that Present Greater Risk You may want to identify your ideal customers, such as those who have a proven payment history, are from a specific industry, who have a certain budget, etc. Make sure everyone who needs access to the process receives proper training. Speak to a specialist today.

Credit and Collections 98

Credit and Collections Bad Debt Payment Portals DSO 98

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?

Credit and Collections 100

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

Your Virtual Credit Manager

MARCH 28, 2023

Volumes have been written about the criteria you should use to make a credit decision. The rigor with which this information is often presented belies the fact most business credit decisions are not that difficult. There is a challenge, however, with the 20 to 30 percent of credit decisions that fall in between.

Credit Scoring 130

Credit Scoring Credit Application Bad Debt Credit Risk 130

Your Virtual Credit Manager

APRIL 4, 2023

Supporting profitable sales through the extension of credit Collecting as much of the AR generated as possible by or near the due date to ensure a substantial cash inflow Mitigating the risk of bad debt losses These tasks are best accomplished in a tidy environment.

Past Due Invoices 100

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 100

Know-It Global

JUNE 14, 2023

One effective strategy that accomplishes both goals is offering trade credit. This is an arrangement where businesses extend credit to their customers, allowing them to purchase goods or services and pay at a later date. These policies should outline credit limits, payment terms, late payment penalties, and procedures for collections.

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk Default 52

Serrala

MARCH 14, 2024

Read more Automate your credit risk management lifecycle value with AI-enabled processes to help protect your bottom line and improve trust. Read more Easily manage customer credit risk Automate your credit risk management lifecycle value with AI-enabled processes to help protect your bottom line and improve trust.

Credit and Collections 52

Credit and Collections Bad Debt Default Credit Risk 52

Serrala

MARCH 14, 2024

Read more Automate your credit risk management lifecycle value with AI-enabled processes to help protect your bottom line and improve trust. Read more Easily manage customer credit risk Automate your credit risk management lifecycle value with AI-enabled processes to help protect your bottom line and improve trust.

Credit and Collections 52

Credit and Collections Bad Debt Default Credit Risk 52

JSP Credit Management

MAY 26, 2022

But what we do feel duty bound to do is be realistic about the risks that businesses are exposed to when their credit management department is not given its fair share of TLC. Many businesses choose to try and predict future credit risk problems by vetting their customers before they open up a credit account for them.

Credit Management 52

Credit Management Credit and Collections Bad Debt Credit Risk 52

Serrala

MARCH 14, 2024

With our AI-powered cash application, collections and disputes, credit risk management, and Bill Pay solutions, your company can achieve high AR automation and payment matching rates of up to 99%. Read more Our solutions give you the power to automate processes across your credit risk management lifecycle.

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk AR Automation 52

JSP Credit Management

SEPTEMBER 23, 2021

We found out we also needed to carry ID cards with us and present them to the customer upon arrival. We operate on a no-win-no-fee basis for bad debt recovery and our credit control and credit risk services can be ordered via our website with the littlest of hassle.

Debt Collections 52

Debt Collections Credit and Collections Bad Debt Credit Management 52

Eagle Business Credit

FEBRUARY 14, 2024

Funding Your Small Business Despite High Interest Rates Inflation rates beyond initial projections present a considerable challenge for small businesses, affecting their operational costs and, consequently, their funding methods.

Small Businesses 40

Small Businesses Bad Debt Credit and Collections Credit Risk 40

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.

B2B Credit 52

B2B Credit Credit and Collections Credit Application Credit Management 52

Your Virtual Credit Manager

DECEMBER 20, 2022

Share Controlling Credit Risk Increasing sales to high margin customers disproportionately increases total gross profit. Readers of Your Virtual Credit Manager can now access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner Accredit. Here’s how?

Deductions 130

Deductions Credit and Collections Bad Debt Credit Risk 130

JSP Credit Management

APRIL 19, 2022

Therefore we have chosen to embrace the opportunities that have been presented to us and yes, it has involved some risk, but it has also involved some reward too and that is what we have benefited from in hindsight. and contact us to discuss your needs.

Debt Collections 52

Debt Collections Credit and Collections Collector Bad Debt 52