Remove Bad Debt Remove Credit Risk Remove Total Receivables
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AR Data Management, AR Automation, & Accelerating Cash Flow

Your Virtual Credit Manager

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.

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Customer Stops Paying; Now What?

Your Virtual Credit Manager

From this conversation, you will learn how perilous the bad debt risk is with this customer, and how urgent your reaction must be. Raise Their Prices: When you have a high credit risk customer, you should be charging them the highest price possible. Reduce Your Exposure: This can be done unilaterally.