Gaviti

APRIL 11, 2024

How much bad debt does the company have, and how has this changed over time? Are we offering the right amount of credit to customers based on their creditworthiness? Consider these additional KPIs: Bad debt ratio: This measures the monetary value of receivables you believe you cannot collect.

Bad Debt 98

Bad Debt Credit and Collections Collection Effectiveness Index DSO 98

Your Virtual Credit Manager

JANUARY 3, 2023

During 1995, DSO was reduced by an additional 10 percent, and bad-debt write-offs cut in half. Here are the six other types of AR automation being implemented across the order-to-cash (O2C) spectrum: Online Credit Applications: The best solutions provide approval workflow and automated reference checking.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Gaviti

APRIL 18, 2024

It usually includes information such as the customer name, invoice details, amount due, outstanding balances and the aging categories (e.g. AR aging reports provide concrete information that can be used to take action. Credit management and monitoring. Get alerts in real-time about customers with increased credit risk.

AR Aging 52

AR Aging Credit and Collections Bad Debt Allowance for Doubtful Accounts 52

Emagia

JUNE 12, 2023

It involves identifying, assessing, and mitigating the potential risks associated with extending credit to customers or counterparties. Effective credit risk management enables organizations to make informed decisions, protect their assets, maintain healthy cash flows, and safeguard against default and financial losses.

Credit Risk 52

Credit Risk Bad Debt Credit and Collections Default 52

Emagia

FEBRUARY 2, 2024

Granting credit is an important tool for attracting and retaining customers. However, it is crucial for businesses to perform a credit check on the customers before extending credit, to avoid loss of revenue by way of bad debts.

B2B Credit 52

B2B Credit Credit and Collections Credit Application Credit Management 52

Gaviti

MARCH 11, 2025

Without proper credit assessments and checks, businesses expose themselves to significant financial risks, including cash flow disruptions and potential bad debts. Continual Credit Score Updates: Regularly updating credit scores to reflect the most current financial behaviors and conditions.

Credit Risk 52

Credit Risk Credit Scoring Credit and Collections Credit Application 52