Your Virtual Credit Manager

APRIL 8, 2025

Courts , commercial bankruptcy filings increased 40.3% Here’s a warning to trade creditor’s from a major commercial credit bureau (from CreditSafe’s Cost of Late Payments report). On the other hand, a customer bankruptcy or other default typically causes the loss of most if not all the AR owed by the customer.

Bad Debt 130

Bad Debt Bankruptcy Accounts Receivable (AR) Credit and Collections 130

Your Virtual Credit Manager

JANUARY 14, 2025

The United States has witnessed a significant surge in corporate bankruptcies, reaching a 14-year high in 2024. Business bankruptcy filings increased by 33.5% In contrast, customer bankruptcies or other defaults typically cause the loss of most, if not all, the AR owed. during the 12-month period ending September 30, 2024.

Bad Debt 130

Bad Debt Bankruptcy Credit and Collections Accounts Receivable (AR) 130

Onguard

DECEMBER 18, 2024

Indeed, one in four bankruptcies occur due to late payments of invoices, according to EU data. According to the latest Allianz data, 2024 is already going in the books as a record year for insolvencies , with Western Europe leading the rebound in the number of cases. The trends of today are shaping the trends of tomorrow.

Credit Management 52

Credit Management DSO Days Sales Outstanding Credit and Collections 52

Your Virtual Credit Manager

JANUARY 23, 2024

Among other things, commercial bankruptcies have been steadily climbing over the past year. The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. We are currently offering 33 percent off our standard small business consulting rates.

Credit Application 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

Know-It Global

JUNE 22, 2023

ONE OF Scotland’s fastest growing fintechs, Know-It, has unveiled a new service in its cloud-based credit management platform designed to revolutionise the accounting industry. Credit management is essential for accountants, as it allows them to manage their clients’ financials more effectively.

Credit Management 52

Credit Management Credit and Collections Bankruptcy Credit Risk 52

lsq

NOVEMBER 2, 2023

(November 1, 2023) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $1.5 million credit facility for a manufacturer of custom glass and insulated glass units. However, to continue their expansion, they need capital beyond their existing credit facilities.

Credit and Collections 52

Credit and Collections Bankruptcy Credit Management 52

Gaviti

DECEMBER 6, 2023

This third party can be responsible for reports such as aging reports, scheduling payment reminders, tracking and collecting overdue invoices, and identifying high-risk customers to avoid extending more credit than they can realistically take on. These modules include: Credit Management and Monitoring.

Credit and Collections 52

Credit and Collections Invoice to Cash Deductions Cash Applicator 52