Credit and Collections Default Document 
Your Virtual Credit Manager
OCTOBER 22, 2024
When we first think about credit risk, our minds focus on the financial status of the company in question. To manage the risk that a customer might default, companies implement credit and collection policies and procedures. Falsifying documents is another way criminals perpetrate frauds.
Your Virtual Credit Manager
OCTOBER 8, 2024
Companies selling other businesses on open terms need to ensure any collection agency partners can effectively collect non-performing receivables. Here are four prime example of issues that impede third party collections: 1. Doing this involves taking a series of proactive steps.
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Your Virtual Credit Manager
DECEMBER 26, 2023
In our case, we found our readers had an affinity for articles on identifying collection risks and the best ways of dealing with past due balances. First we look at Red Flags that may indicate a customer could begin paying slower or default. Far more damaging is a customer that defaults (never pays).
SAP Credit Management
FEBRUARY 2, 2023
Instead, we’ll likely get results formatted in something called JSON (JavaScript Object Notation) JSON Documents The term JSON Document is used to describe either JSON Objects or JSON Arrays. For example, [Book] Title is a Key , and the Value for this might be Document Storage.
Your Virtual Credit Manager
JUNE 4, 2024
Successful collections require the coordination of a variety of activities: timely and accurate invoices and payment posting, monthly statements, email reminders and other dunning notices as well as telephone calls. A Cautionary Tale… As a corporate credit manager, I periodically was tasked with other finance department activities.
Your Virtual Credit Manager
NOVEMBER 29, 2022
Photo by Ralph Hutter on Unsplash Confronted with high interest rates and inflation, and heading into a what is increasingly looking like a recession, small- and medium-sized businesses (SMBs) will probably need to use a Collection Agency more than they have in the past.
Your Virtual Credit Manager
MARCH 19, 2024
If all your customers paid promptly — by the time the invoice was due — you would not need to do any collection work. Collections is a reactive process. The amount of collection activity with which you are tasked is directly proportional to your customers’ payment habits.
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