Your Virtual Credit Manager

FEBRUARY 18, 2025

Seldom is a poor decision made when there is ample information. One of the biggest challenges for any credit function is making a valid decision when information is lacking. That’s why standard procedure calls for gathering additional credit information until a comfortable decision can be made.

Credit Application 130

Credit Application Credit and Collections Bad Debt High-Risk Accounts 130

Your Virtual Credit Manager

DECEMBER 31, 2024

While emails are often used, phone calls can be more effective, especially for high-risk accounts. For more information on this subject, please click on this link. The most common fraud schemes include Business Email Compromise, changes to supplier information, and account takeovers.

Collector 130

Collector Credit and Collections Bad Debt High-Risk Accounts 130

Your Virtual Credit Manager

NOVEMBER 14, 2023

It affects the level of bad debt loss (uncollected Accounts Receivables) you suffer. Its impact on revenue: it can result in higher sales (and gross profit), or lower sales and gross profit depending on how much risk your Credit Policy tolerates and how well it is executed. Insurers want to be paid for the risk they bear.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

NOVEMBER 1, 2022

Effective collections can also reduce bad debt losses by compensating for a liberal or weak Credit Control function. The task is twofold: Optimizing cash inflows (and avoiding bad debt) confined by the number of requests for payment that can be made within a specified time period. 15 days or 120 days?)

Credit and Collections 130

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

Emagia

FEBRUARY 22, 2025

They assign actions according to available resources, ensuring that high-risk accounts receive immediate attention. In-App Outbound Call Assistance Integrated AI tools generate talking points for outbound calls, retrieve relevant customer contact information, transcribe conversations, and draft follow-up communications.

Bad Debt 40

Bad Debt High-Risk Accounts Transactions Collections Automation 40

Gaviti

FEBRUARY 4, 2025

Use data-driven insights to improve customer segmentation and prioritize high-risk accounts. Harnessing internal data empowers your team to make informed decisions that improve efficiency and drive faster collections. A standardized and scalable credit process ensures you balance risk with reward.

Average Days Delinquent 59

Average Days Delinquent Credit and Collections AR Metrics DSO 59

Emagia

JANUARY 2, 2025

Efficient AR management ensures that payments are collected on time, improving the companys liquidity and reducing the risk of bad debts. In traditional AR management, companies rely on manual processes like invoicing, following up on overdue payments, and reconciling accounts.

Accounts Receivable (AR) 40

Accounts Receivable (AR) Invoice Collections Cash Applicator Automated Cash Application 40