Remove Bad Debt Remove High-Risk Accounts Remove Transactions
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A Focus on Collections & Credit Fraud

Your Virtual Credit Manager

While emails are often used, phone calls can be more effective, especially for high-risk accounts. The most common fraud schemes include Business Email Compromise, changes to supplier information, and account takeovers. Preventing email comprpomise requires verification of changes (payment details, shipping address, etc.)

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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.

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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! When changing the commission structure represents a major change for the Salesforce, a graduated approach over one or two quarters is recommended.

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

Emagia

They assign actions according to available resources, ensuring that high-risk accounts receive immediate attention. Dispute Prevention Proactively flagging potential disputes, AI agents analyze transaction patterns and customer behaviors to prevent revenue leakages before they occur. How do AI-driven dunning emails work?

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What is the Role of AI in Accounts Receivable (AR)?

Emagia

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.

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Complete Guide To Credit Control For Business

Know-It Global

It involves managing credit sales and making informed credit decisions, ensuring timely payment from customers, and minimising bad debt. This guide provides a comprehensive overview of credit control practices and strategies that your business can implement to mitigate credit risk, reduce debtor days and boost cashflow!

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Supercharge Your Collections

Your Virtual Credit Manager

Photo by Willian Cittadin on Unsplash ) Neglecting collections can also lead to longer payment cycles, strained client relationships, and an increase in bad debt. They understood the dynamics that affected their customers and marketplace, as well as the credit controls needed to keep credit risk in check in this environment.