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Credit Cards – Reducing the Cost of Acceptance – You hold the keys to success

Credit Research Foundation

Risk Mitigation – A seldom noted but important point is that a properly implemented program can reduce your risk of slow payment, fraud, and default within your portfolio. A properly implemented credit card program is becoming an essential tool in the payment process for organizations both large and small.

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From unlikely-to-pay debt to bad debt: how to detect underperforming debtors

aptic

At the same time, an Aptic survey of 404 finance professionals indicated that 29% of organisations have seen an increasing number of late payments or payment defaults since 2020. Download our white paper on credit extension and credit management below. Download our white paper. Rick Terra.

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10 strategies for optimizing your accounts receivable to maximize your ROI

billtrust

In short, they include three key objectives: maximizing cash flow , minimizing bad debt, and maintaining customer satisfaction. Minimizing bad debt , on the other hand, helps businesses to avoid write-offs and keep their bottom line healthy. Bad debt expense. What is the best KPI for accounts receivable?

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What is AI-powered Accounts Receivable Automation Software: How Does it Work and Benefit Businesses?

Emagia

If the automated AR application can alert the collection team about the probability of any payments getting overdue, they can proactively reach out to such customers to try mitigating the risk of a likely payment defaults. Time savings is another key gain from automating repetitive and time-consuming tasks.

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Stopping PPP Fraud

Abrigo

There are other risk factors to consider with PPP loans In addition to possible hard dollar losses, financial institutions should consider other risk factors when allocating compliance resources to their PPP onboarding and portfolio due diligence: Bad Debt Risks - Loan amounts not forgivable may have a higher level of default.

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Complete Guide To Credit Control For Business

Know-It Global

Download this guide as a pdf as well as our other resources for free here ! It involves managing credit sales and making informed credit decisions, ensuring timely payment from customers, and minimising bad debt. Download these free late payment Chase-it templates for letters and emails ! Don’t sweat-it!