Gaviti

OCTOBER 23, 2023

So how can companies ensure ahead of time that they are doing business with a reputable business that will pay on time and minimize the risk of late payments as much as possible? One possibility is by running a business credit score and report on new customers. What is a Business Credit Score and Report?

Credit Scoring 97

Credit Scoring Credit and Collections Credit Application Bankruptcy 97

Abrigo

JUNE 23, 2023

You might also like this on-demand webinar on the new CFPB small business data collection rule Watch Takeaway 1 Banks and credit unions often face challenges implementing data warehouses and are not pleased with the result. View live dashboards curated for your teams with Abrigo's banking intelligence solution.

Credit and Collections 78

Credit and Collections Credit Risk Credit Unions Dashboards 78

tillful

JUNE 14, 2023

Looking to learn the ins and outs of Experian business credit scores ? as a consumer credit reporting company, but it also collects information on millions of businesses and provides business credit reporting services. You can download the Tillful iOS app to check if your company has a credit profile with Experian.

Credit Scoring 52

Credit Scoring Credit and Collections Bankruptcy Credit Reporting Agencies 52

Emagia

FEBRUARY 2, 2024

OTC, the main cash flow driver, has many subsets within it, and credit management is more important than it looks on the surface. The top line and bottom line will be positively impacted when a sales order is received and fulfilled, but your business is at risk till you collect cash against the invoice.

B2B Credit 52

B2B Credit Credit and Collections Credit Application Credit Management 52

Abrigo

MAY 13, 2020

Key Takeaways While lenders are still awaiting further guidance on PPP loan forgiveness, the SBA has stated that lenders will have to submit an SBA Form 1502 to report on PPP loans and collect processing fees. Lenders also have the option to key in values or upload the 1502 report directly on the 1502 Dashboard site. What is Form 1502?

Dashboards 78

Dashboards Credit and Collections Credit Risk Small Businesses 78

Biz2X

FEBRUARY 21, 2023

Are you seeking a top-notch loan management system for your credit union, small regional, or community bank? Overloaded loan officers are at risk of making mistakes in the pre-qualification, credit decision, and document management processes. Look for dashboards with easy-to-customize components.

Credit and Collections 59

Credit and Collections Credit Unions Dashboards Credit Risk 59

Gaviti

JULY 18, 2024

Additionally, it allows accountants to ascertain whether they need to adjust credit strategies. Gathering data over longer periods may require cross-collaboration with teams and even manual data collection. Make better credit decisions, lower DSO, and reconcile payments with near perfection. Credit Management and Monitoring.

Cash Forecasting 52

Cash Forecasting DSO Credit and Collections Deductions 52

Gaviti

JUNE 13, 2024

This makes the process cumbersome, prone to human errors and challenging when collaboration is necessary between different collections agents, A/R roles or departments within your business. An accounts receivable workflow is the step-by-step process taken to record and collect the debt.

DSO 52

DSO Credit and Collections Deductions Collector 52

Abrigo

JANUARY 18, 2017

Technology that helps create cash flow • Smartphone-enabled credit card readers : These help businesses connect with new customers at trade shows, conferences and other events; make it easier for clients to purchase because of the expanded payment option (think of a salesperson at a client’s location).

Days Sales Outstanding 88

Days Sales Outstanding Credit Card Payments Credit and Collections Dashboards 88

Biz2X

JULY 22, 2022

While the credit report contains information about the borrower’s relationship with debt and credit card usage, it also reveals late or missed payments and their credit score. In case of insufficient data, the underwriter may need to collect other documentation such as proof of lease and utility payments.

Credit and Collections 40

Credit and Collections Transactions Credit Scoring Dashboards 40

Abrigo

APRIL 12, 2021

Takeaway 2 Once a bank or credit union understands the need for an LOS, it develop one or use a third-party vendor. A loan origination system (LOS) has become a common banking buzzword among banks and credit unions in recent years. It’s also important to understand how an LOS may be able to help your bank or credit union.

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Credit Unions Credit Risk Credit and Collections Cybersecurity 135

Gaviti

APRIL 18, 2024

As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (AR) collections aging report. This report is a valuable tactic to stay on top of cash flow and improve short-term collections forecasting. Cash flow problems usually relate to collection policies or customer behavior.

AR Aging 52

AR Aging Credit and Collections Bad Debt Allowance for Doubtful Accounts 52

Biz2X

JANUARY 24, 2023

The software allows lending businesses to make quick credit decisions using customized credit risk profiles, enhance customer experience by implementing full automation or more basic human enablement, and make workflows more efficient to lower costs. The backbone of the digitization of lending is software.

Credit and Collections 52

Credit and Collections Credit Unions Credit Risk Credit Scoring 52