Remove Bad Debt Remove Default Remove Transactions
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Tackling Customers that Always Pay Late

Your Virtual Credit Manager

This creates cash flow shortages, an increased risk of bad debt, and a significant work requirement to mitigate the impact of late payments. Your collection cost will wholly or significantly offset the cost of the credit card transaction, and the time saved can be devoted to focusing your attention on higher-value customers.

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A Focus on Collections & Credit Fraud

Your Virtual Credit Manager

Besides driving O2C process improvement, the experts at Your Virtual Credit Manager can apply default risk probabilities & other financial benchmarks to your AR portfolio to reveal actionable credit & collection insights. For more information on this subject, please click on this link. Need help improving cash flow?

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After the Credit Application: Getting to Know Your Customers Even Better

Your Virtual Credit Manager

(Photo by Markus Spiske on Unsplash ) When there are time constraints that forestall additional research, denying credit or requiring collateral or some other security is the best way to avoid a decision that results in delinquency and a potential bad debt loss. Do you need help improving cash flow?

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Revolutionize Your Credit Application Process: A Compelling Case for Digital Transformation

Credit Research Foundation

Effortless Transactions: Digital transformation simplifies processes, making transactions more convenient for customers. This efficiency allows for resource redeployment to higher-value work, all while minimizing customer default risk. Streamlining the journey reduces friction and enhances overall customer satisfaction.

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Sales Commissions Impact the Collection Process

Your Virtual Credit Manager

It is important to keep in mind that trade credit — selling on terms in a B2B environment — is greatly affected by the transactional process. it just might help them pay you sooner! it just might help them pay you sooner! Share A Case in Point A parts distributor was having difficulty with collections and high dispute volumes.

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AI Agents for Collections Management Software: Transforming Accounts Receivable with Automation & Intelligence

Emagia

Dispute Prevention Proactively flagging potential disputes, AI agents analyze transaction patterns and customer behaviors to prevent revenue leakages before they occur. AI agents monitor transactions continuously, identifying anomalies and addressing them before they impact the organization’s financial health.

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Are Early Payment Discounts a Good Idea in Today’s Economy?

Your Virtual Credit Manager

Getting customers to pay now rather than later reduces the risk of a default down the road. The reduction in revenue and margin, while painful, will be a smaller price to pay than a large drop in incoming cash and the higher risk of a larger, damaging, bad debt. Most distressed companies continue paying, until they can’t.

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