Your Virtual Credit Manager

JULY 25, 2023

Move your smallest customers onto credit cards at the time of purchase. Only accept credit card payments from your larger customers if they pay within 10 days of the invoice. As an incentive, you can forego a credit card surcharge, which would be roughly equivalent to offering a cash discount.

Best Possible DSO (BPDSO) 130

Best Possible DSO (BPDSO) DSO Cash Forecasting Credit and Collections 130

CreditStrong for Business

OCTOBER 8, 2024

As a result, they don’t report your payments, so those payments will not build good credit. Missing utility payments can hurt your credit. Your utility provider won’t report missed payments, but they may sell your account to a debt collector. What Bills Affect My Credit Score?

Credit Scoring 52

Credit Scoring Collector Credit and Collections Credit Reporting Agencies 52

Gaviti

FEBRUARY 18, 2024

In many traditional collections teams, each individual collector develops their own process for managing invoices. Or they may simply want to have different types of payment options beyond checks and credit card payments. They were extended additional credit but were not creditworthy.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

Gaviti

FEBRUARY 18, 2024

In many traditional collections teams, each individual collector develops their own process for managing invoices. Or they may simply want to have different types of payment options beyond checks and credit card payments. They were extended additional credit but were not creditworthy.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

billtrust

DECEMBER 20, 2022

Usually, customers highlight the reason for the short payment, and AR teams need to match any reason codes the customer has given to the reason code the ERP is using. Credit remains tied up, and collectors are unaware. Until cash can be applied, credit remains on hold. This can slow down business.

AR Automation 52

AR Automation Digital Lockbox Cash Applicator Collector 52

Fundera

JULY 23, 2019

PaymentCloud specializes in high-risk merchant accounts and works to get your medium- to high-risk business placed with a merchant account or payment processor. A merchant account is key for your business because it’s the means by which you’ll be able to accept debit and credit card payments.

Credit and Collections 40

Credit and Collections Collector Transactions Credit Card Payments 40