Abrigo

MAY 27, 2022

What Makes a Successful Credit Manager Focusing on these traits can only help you become a better credit manager at your financial institution. 5 Traits of the Ideal Credit Manager. Below are five traits integral to being a successful credit manager. Credit Analysis Training.

Credit Management 78

Credit Management Credit Risk 78

Know-It Global

APRIL 26, 2023

As a business owner, it’s essential to understand and manage credit risk to maintain a healthy cash flow and avoid financial losses. Credit risk is the potential for a borrower to fail to repay a loan or credit extended to them. The good news is you can avoid these issues. Did you know?

Credit Risk 98

Credit Risk Bad Debt Credit and Collections Default 98

Emagia

OCTOBER 17, 2022

Enterprises digitally transform their credit risk management processes to manage and navigate volatile market conditions, new regulatory pressures, increasing customer expectations, and other credit risks related to customers and vendors. Robotic Process Automation (RPA). Artificial intelligence (AI).

Credit Risk 52

Credit Risk Credit Scoring Bankruptcy Credit and Collections 52

JSP Credit Management

MAY 10, 2022

At JSP Credit Management it seems were forever talking about globalisation. Something, we might add, that JSP Credit Management absolutely loves, but has something to do with the topic of this blog, on “cultural awareness”. We are showing that right now with this blog. and contact us to discuss your needs.

Credit Management 52

Credit Management Bad Debt Credit Risk 52

JSP Credit Management

MAY 26, 2022

We sometimes reference famous names when writing our blogs, such as Karl Marx, and other notable scholars who might have contributed to our way of thinking and perhaps our approach to our work too. We’ve written about the current insolvency statistics affecting companies struggling for cash in earlier blogs.

Credit Management 52

Credit Management Credit and Collections Bad Debt Credit Risk 52

Serrala

SEPTEMBER 7, 2023

Read more Bild Credit & Risk Management Automate processes across your entire credit management lifecycle for faster and more accurate credit decisions and less manual activities. Reduce DSO and optimize working capital with the most comprehensive collections software. section-marketo-background').length>0){

Credit and Collections 98

Credit and Collections DSO Order to Cash Cash Applicator 98

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." CRE loan accommodations.

Credit Unions 78

Credit Unions Credit Risk CECL Credit Management 78

Credit Management Group UK

AUGUST 7, 2024

It is a wide spread misconception that credit management is solely based around the collection of overdue invoices, when in fact the scope of effective credit management encompasses the entire process from order to payment. View our blog on how to gain acceptance of your T&Cs to find out more.

Order to Cash 69

Order to Cash Credit and Collections Credit Management Credit Application 69

JSP Credit Management

FEBRUARY 3, 2022

When debts are owed to a third-party that is not the original creditor, there is a danger of not recognising the credit risk and the credit risk for accounts receivable is higher than traditional credit lines.

Debt Collections 52

Debt Collections Collector Credit and Collections Credit Risk 52

Know-It Global

JULY 26, 2023

These tools streamline processes, reduce errors, and improve overall efficiency, enabling faster and more accurate credit management. Offer multiple payment options Provide customers with various payment options, such as credit cards, electronic funds transfers and online payment platforms. Best of all, it’s free to get started!

Electronic Funds Transfer 98

Electronic Funds Transfer Credit and Collections Debt Collections Bad Debt 98

Know-It Global

JUNE 14, 2023

By identifying high-risk customers upfront, you’ll be able to make informed decisions about extending credit limits and payment terms, mitigating credit risk! Credit monitoring from Check-it ensures you’re instantly notified to changes in company credit reports, scores, ratings and limits.

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk Default 52

Know-It Global

FEBRUARY 26, 2024

Integrations with the likes of Creditsafe , Companies House , The Gazette , Unsecured Creditor Claims, Darcey Quigley & Co , Xero , Sage Business Cloud , QuickBooks , FreeAgent and now Sage 50 , Know-it brings unparalleled data insights that allows businesses to mitigate credit risk, reduce debtor days and boost cashflow through automation.

Credit and Collections 52

Credit and Collections Credit Risk Credit Management 52

Know-It Global

DECEMBER 20, 2023

March Our First Customer Success Manager – Clara Gobrecht With more and more subscribers on our amazing credit management platform every day, Clara was introduced officially as Know-it’s first customer success manager who is on hand to give support to our users to help them get the most out of the Know-it platform!

Credit and Collections 105

Credit and Collections Debt Collections Credit Management Credit Risk 105

Onguard

FEBRUARY 23, 2023

Credit risk monitoring is key Non-payment of invoices can cause unnecessary stress in your work. Credit risk monitoring is therefore key to ensuring you get paid. With the help of credit risk management software, you have the correct procedures and policies in place to prevent non-payment.

Third Party Collections 52

Third Party Collections Credit and Collections Credit Risk Credit Management 52

JSP Credit Management

SEPTEMBER 23, 2021

When JSP Credit Management was first incorporated, naturally a fair amount of preparatory work had already been done. We also learned that one of the most used methods for improving SEO is by writing a blog. At the outset, our initial plan consisted of a plan to write 10 blogs. Marketing plan?”,

Debt Collections 52

Debt Collections Credit and Collections Bad Debt Credit Management 52

TreviPay

SEPTEMBER 18, 2024

By offering protection against non-payment, trade credit insurance helps businesses avoid financial strain, improve cash flow and maintain a stable credit management process. How Does Trade Credit Insurance Work? Benefits of Trade Credit Insurance There are many benefits to trade credit insurance.

Bad Debt 52

Bad Debt Default Credit and Collections Export Credit 52

Know-It Global

APRIL 13, 2023

Automate your credit control to mitigate credit risk, reduce debtor days and boost cashflow! Know-it is the all-in-one credit management platform that automates the complete credit control process.

Credit and Collections 97

Credit and Collections Days Sales Outstanding Credit Scoring DSO 97

SAP Credit Management

JANUARY 13, 2023

This blog article will explore operational and financial considerations for this supply chain model and some leading practices and methods to enable this model in SAP and S/4HANA ERP. The Principal company or the Hub entity should be allocated more management control and business risks (e.g.

Transactions 170

Transactions Credit Risk 170

Know-It Global

FEBRUARY 7, 2023

Know-it, the all-in-one credit management solution, has today announced a new partnership with Swoop to bring Invoice Finance-it to the cloud-based platform.

Credit and Collections 98

Credit and Collections Credit Risk Credit Management 98

Know-It Global

JUNE 28, 2023

In today’s fast-paced and interconnected world, credit control has become a vital aspect of financial management for businesses. Traditionally, credit management involved manual processes and relied heavily on human intervention, which often proved time-consuming and prone to errors.

Credit Scoring 52

Credit Scoring Credit and Collections Bad Debt Credit Management 52

JSP Credit Management

SEPTEMBER 28, 2021

We could not think of a more enticing headline to a blog if we tried, so please forgive the clickbait, but this week’s blog is much more than that. But this blog is not about your customers, this is about you. It contains a discussion about something that we actually have very firm convictions about. So, time for the big reveal.

Credit and Collections 52

Credit and Collections Collector Bad Debt Debt Collections 52

The Red Spectrum

APRIL 12, 2023

Better Credit Management: By offering net 30 payment terms, businesses can better manage their credit as they can delay payment for up to 30 days without negatively impacting their credit score.

Credit Scoring 98

Credit Scoring Credit and Collections Credit Risk Credit Management 98

Gaviti

NOVEMBER 16, 2023

The method you choose will depend on a range of factors, including how you define a delinquent account, the level of delinquency, how it impacts your organization, and whether or not it affects your company’s credit report. Extending credit to customers who cannot pay can lead to bad debt, write-offs and even legal consequences.

Credit and Collections 52

Credit and Collections Bad Debt Invoice to Cash Debt Collections 52

JSP Credit Management

JANUARY 28, 2022

Our response was that an AWOL debtor is the single biggest reason that JSP Credit Management will themselves be engaged by a creditor who has exhausted all their own available time and resources on the debt itself. Were not judging that response in this blog, were just identifying it. So, what is an AWOL debtor?

Collector 52

Collector Credit Risk Credit Management Transactions 52

JSP Credit Management

DECEMBER 14, 2021

We imagine that those differences are more or less suitable to the supplies that are involved with them and this blog is going to be looking at one of those in particular: the pay when paid policy. Some of which we have mentioned in previous blogs before – a few times. So, allow us to focus on the bottom one for the sake of this blog.

Law Firms 52

Law Firms Credit and Collections Debt Collections Credit Risk 52

TreviPay

AUGUST 27, 2024

Firm policies and persistent payment collection, such as credit checks on customers before extending credit or regularly updating customers on overdue accounts, will lead to higher turnover ratios. Although a good ratio depends on the industry and the length of typical sales cycles, a higher ratio is generally seen as more optimal.

Credit and Collections 52

Credit and Collections Bad Debt Credit Sales DSO 52

Pactola

JUNE 17, 2020

This happens as the lending industry depends upon accurate and reliable credit risk ratings. This will require the lender to begin to gather and analyze some new information in order to make a sound assessment of credit risk.

Credit Risk 40

Credit Risk Default Credit Management 40

The Red Spectrum

APRIL 17, 2023

The most frequently used credit rating scales are formulated by FICO® and VantageScore. You can find more information on how to improve your credit score here. Credit scores evaluate your credit risk; the lower your score, the riskier it is for lenders to grant you a loan.

Credit Scoring 52

Credit Scoring Credit Risk Credit Management 52

Know-It Global

NOVEMBER 28, 2022

Know-it works wonders for your business cashflow by automating the complete credit control process. We’ve streamlined credit management by breaking it down into three simple steps; Check-it, Chase-it and Collect-it! Mitigating credit risk, reducing debtor days and boosting cashflow. Not quite ready to sign up?

Credit and Collections 52

Credit and Collections Credit Risk Credit Scoring Credit Management 52

Abrigo

JUNE 23, 2016

As the OCC noted in its 2015 Survey of Credit Underwriting Practices , credit risk is increasing as underwriting standards have eased more than tightened for commercial and retail loan products for the third consecutive year amid increased competition for business.

CECL 60

CECL Credit Unions Credit Risk Credit Management 60

Know-It Global

APRIL 19, 2023

Set suitable credit limits Based on the creditworthiness of the customer, a credit limit is set, which is the maximum amount of credit that can be extended to the customer. This will mitigate credit risk whilst also allowing you to accept orders and generate revenue from sales.

Bad Debt 98

Bad Debt Credit and Collections Credit Risk Credit Management 98

Abrigo

APRIL 21, 2016

A probability of default model (PDM) is a system for objectively quantifying future credit risk. It is not a new concept, but it is gaining popularity within banks and credit unions that are seeking defensibility and efficiency in credit management. Download the Predicting Credit Risk Whitepaper.

Default 60

Default Credit Unions Credit and Collections Credit Risk 60

Abrigo

MARCH 31, 2017

In its latest “Supervisory Insights” publication, the FDIC reiterated the importance of sound credit risk management practices in light of rapid growth in CRE portfolios at some institutions and in light of some institutions operating with a generally higher risk profile.

Credit Risk 74

Credit Risk Credit Management 74

Know-It Global

JUNE 20, 2023

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! Setting Up Credit Control Processes 1.1 You can use historical data, sales forecasts, and credit payment patterns to project cash inflows.

Bad Debt 19

Bad Debt Credit and Collections Debt Collections Credit Risk 19

Know-It Global

APRIL 11, 2023

How automation makes managing your sales ledger easy Know-it is a cloud-based platform that automates the complete credit control process, saving you valuable time whilst mitigating credit risk, reducing debtor days and boosting your cashflow!

Credit and Collections 52

Credit and Collections Credit Risk Credit Management 52

JSP Credit Management

APRIL 19, 2022

JSP Credit Management's journey so far has taken some unexpected turns in its short lifespan. Don't worry, this is not a "don’t listen to your business plan" blog. Well, many of them do in fact, but were focusing on one particular question for the purpose of this blog. We are big advocates of having a business plan.

Debt Collections 52

Debt Collections Credit and Collections Collector Bad Debt 52