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A Focus on Collections & Credit Fraud

Your Virtual Credit Manager

While emails are often used, phone calls can be more effective, especially for high-risk accounts. To address these challenges, collectors should adopt a strategic, diplomatic approach to push your company to the front of your customers’ payment schedules.

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It's Time for a Layered Approach to Collections

Your Virtual Credit Manager

The evolution of Accounts Receivables (AR) automation has revolutionized our collection strategies. Previously, decisions were largely left to the discretion of individual collectors, resulting in subjective and inconsistent approaches. Bottom 40 percent: Customers contributing only about 5 percent of revenue.

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Effectively Collecting Receivables Is a Time Management Challenge

Your Virtual Credit Manager

The eternal challenge for collectors is that that there are typically more customers to be contacted than time and resources allow. The key factors informing your prioritization scheme are: The amount of the past due accounts receivable (AR) The age of the past due AR (e.g, 15 days or 120 days?)

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5 Methods to Reduce Late Payments

Gaviti

They simply run into a number of typical accounts receivables challenges on the way. In many traditional collections teams, each individual collector develops their own process for managing invoices. Each workflow can contain important information such as past invoices, payment terms and methods, and due dates of all invoices.

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5 Methods to Reduce Late Payments

Gaviti

They simply run into a number of typical accounts receivables challenges on the way. In many traditional collections teams, each individual collector develops their own process for managing invoices. Each workflow can contain important information such as past invoices, payment terms and methods, and due dates of all invoices.

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Trade Credit Insurance for Businesses: Definition, Benefits & How It Works

TreviPay

Without trade credit insurance, businesses face a higher risk of financial loss due to non-payment from customers, which can lead to the use of debit collector services to recover outstanding debts. Companies can confidently extend credit because they protect themselves against non-payment risk.