Credisense

OCTOBER 28, 2021

Many businesses, including financial institutions, telcos, utilities, lawyers, accountants, and trade credit providers, operate in a transactional environment that requires fast credit decisions and onboarding journeys. Credit applications are typically lengthy, complex and difficult to read as many times it is filled out by hand.

Credit and Collections 52

Credit and Collections Credit Application Transactions 52

Abrigo

MAY 30, 2023

CFPB intends the data collected by lenders on each small business credit application to shed light on potential disparate treatment in loan terms, especially related to minority-owned small business applicants, including women-owned small businesses.

Credit Unions 78

Credit Unions Credit and Collections Transactions Small Businesses 78

CreditStrong for Business

OCTOBER 24, 2024

You’ll find this most often with travel rewards credit cards. A credit card issuer like Amex or Citibank might partner with an airline or a hotel to offer rewards specifically for booking with them. Risk to Your Credit Score Taking on a little risk to earn hefty rewards is ideal, but there’s a bigger risk to your credit score.

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Credit Scoring Credit Application Credit Card Companies 52

Gaviti

FEBRUARY 18, 2024

It’s important to receive regular risk assessments for your customers to verify their creditworthiness and extend credit to them based on their payment history, not out of courtesy. Ideally, customer credit applications should be streamlined to focus on only the most important information to ensure they are quick and accurate.

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Credit and Collections Deductions Collector Payment Portals 52

Gaviti

FEBRUARY 18, 2024

It’s important to receive regular risk assessments for your customers to verify their creditworthiness and extend credit to them based on their payment history, not out of courtesy. Ideally, customer credit applications should be streamlined to focus on only the most important information to ensure they are quick and accurate.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

Gaviti

DECEMBER 6, 2023

These modules include: Credit Management and Monitoring. Send credit applications automatically to both new and current customers, streamlining the entire process of credit application and alerting your collections team in real-time of customers with increased risk. Cash Application.

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Credit and Collections Invoice to Cash Deductions Cash Applicator 52

Gaviti

MARCH 3, 2024

Credit management. Streamline your credit monitoring and management by automatically sending credit application forms to both customers and prospects. Automatically monitor credit utilization levels and get alerts when customers exceed a predetermined threshold. Contact us and book a demo today.

DSO 52

DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

Gaviti

NOVEMBER 16, 2023

Gaviti’s credit application management module helps you do this by tracking all credit-related activities, facilitating audits and maintaining a clear credit history for each customer. Its automated credit request forms allow you to streamline the credit request process as each new customer onboards.

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Credit and Collections Bad Debt Debt Collections Invoice to Cash 52

Gaviti

FEBRUARY 18, 2024

In addition, it includes: Credit Monitoring and Management. Send automated credit applications to customers and set credit limits based on analytics it collects to determine creditworthiness and customer risk. Extending credit to non-creditworthy customers increases the risk of customer debt.

Debt Collections 52

Debt Collections Credit and Collections Days Sales Outstanding Invoice to Cash 52

Biz2X

APRIL 13, 2023

In the banking and alternative small business lending industries, getting new loans closed and on the books is the first step to growing a profitable loan portfolio. Other lenders have adopted the industry standard of delivering instant decisions on credit applications.

Credit Unions 52

Credit Unions Default Credit Risk Credit Scoring 52

Lendio

JANUARY 25, 2023

I’ll enter that receipt into my financial books later” ). Build Good Business Credit Lenders rely on credit scores to evaluate the risk of their credit applicants. Good credit scores tell a lender that an applicant is more likely to repay the money they are asking to borrow as promised.

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Small Businesses Credit Scoring Deductions Credit Application 52

tillful

MARCH 15, 2023

During the initial credit application, lenders will often ask you to select your industry from a dropdown menu of business categories. Consumer lenders may also consider industry risk if a borrower is self-employed for the purposes of extending personal loans, mortgages, and other lending products.

Credit and Collections 52

Credit and Collections Credit Scoring Credit Reporting Agencies Credit Card Payments 52

Your Virtual Credit Manager

MARCH 26, 2024

Update credit applications: This should be done every 5 years, unless triggered sooner by a change in the business (e.g., Update credit bureau reports: every 2 years unless triggered sooner by a change in their relationship with your company (e.g., For most companies, AR is one of the two largest assets on their books.

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Bankruptcy Bad Debt Credit Scoring Chapter 11 130