Fundera

JUNE 14, 2016

To grow or expand your business, you need to have a source of extra cash… And for many businesses that means filling out a business credit application. The better you can describe your business and your need for a loan, the stronger your business credit application will be. Tell a story.

Credit Application 73

Credit Application Credit Scoring Credit and Collections Small Businesses 73

Your Virtual Credit Manager

APRIL 1, 2025

Credit Profile The customer Credit Profile should contain all the information used to determine if this customer will be sold on credit terms or cash only. The credit application and references should be updated periodically, and financial statements and credit bureau data should be updated even more frequently.

Credit and Collections 130

Credit and Collections Sales Tax Exemptions Accounts Receivable (AR) Collector 130

Your Virtual Credit Manager

JANUARY 7, 2025

While automating things like remittance processing, credit application processing, and portfolio monitoring and analysis will help you improve DSO, there are two types of automation solutions that are proven to significantly improve cash flow. This leads to quicker payments and improved cash flow.

Days Sales Outstanding 130

Days Sales Outstanding DSO Credit and Collections Accounts Receivable (AR) 130

Your Virtual Credit Manager

MARCH 25, 2025

Any financial statements, bank account information, credit card details, and owner information that is shared to obtain credit needs to be secured and only used for that purpose. Benefits from a Secure Environment for Commercial Credit Information Access to customer credit information should be on a need-to-know basis.

Credit and Collections 130

Credit and Collections Sales Tax Exemptions Credit Management Credit Application 130

Credit Research Foundation

JUNE 6, 2024

I recently sat in on the CRF educational webinar “How to Implement a Digital Credit Application” and found myself intrigued by the candid response to one of the top productivity opportunities in the B2B credit space. Build the process flow around exceptions and who and how they will be handled.

Digital Credit Application 195

Digital Credit Application B2B Credit Dashboards Credit Application 195

Emagia

NOVEMBER 20, 2024

What is a Credit Application on Hold? When a credit application is marked as ‘on hold,’ it means that the creditor has paused the approval process due to missing information or further review requirements. Common abbreviations for this status include COH (Credit on Hold) and PA (Pending Approval).

Credit Application 40

Credit Application 40

Credit Research Foundation

MARCH 28, 2024

As a credit professional there are several tips that can be used in developing best practices when executing a security instrument: CASA – Remember that when a customer begins a relationship with your business, the credit application should contain security agreement language to protect you… C redit A pplication S ecurity A greement.

Credit Application 195

Credit Application Transactions 195

Your Virtual Credit Manager

MARCH 4, 2025

We don’t, however, want to minimize the importance of the credit side of the equation. As discussed in a recent post , gathering customer information doesn’t stop with the credit application. You put your firm at risk by limiting credit assessments to only new customers, which is too often the case.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Collector 130

Your Virtual Credit Manager

DECEMBER 31, 2024

Bust-Out Schemes : Criminals establish fake businesses, submit fraudulent credit applications, make small payments to build trust, then divert large orders and dissappear, turning receivables into bad debts. Preventing email comprpomise requires verification of changes (payment details, shipping address, etc.)

Collector 130

Collector Credit and Collections Bad Debt High-Risk Accounts 130

Emagia

JUNE 21, 2024

With the rapid advancement of digital technology, businesses can no longer afford the inefficiencies of slow credit applications, validations, and approvals. Empowering the credit team with intelligent Order-to-Cash (OTC) digital solutions is essential. Conducting reference checks online instead of through paper applications.

B2B Credit 40

B2B Credit Credit Application Digital Credit Application Credit Scoring 40

Credit Research Foundation

APRIL 12, 2024

The post Credit Cards – Reducing the Cost of Acceptance – You hold the keys to success appeared first on The Credit Research Foundation.

Credit Card Companies 195

Credit Card Companies B2B Credit Bad Debt DSO 195

GoCardless

SEPTEMBER 9, 2021

Find out what goes on a credit application form template UK.

Credit Application 40

Credit Application 40

Lendio

OCTOBER 26, 2023

Lendio internal data The post Lendio Pledges Continued Support for Small Businesses with Employee Retention Tax Credit Applications appeared first on Lendio.

Credit Application 52

Credit Application Small Businesses 52

Your Virtual Credit Manager

OCTOBER 18, 2022

Just click on this link to open an account and start getting the commercial credit Intel you need. Request audited Financial Statements be submitted with the credit application. Whether you insist on receiving them will be determined by your subsequent credit review, but it doesn’t cost you anything to ask up front.

Sales Tax Exemptions 130

Sales Tax Exemptions Credit and Collections Online Credit Application Credit Application 130

Gaviti

JANUARY 6, 2025

A Self-Service Payer Portal that enables customers to conveniently make payments online 24/7 with a variety of payment options including ACH , electronic payments, debit and credit cards , and more. Customers can also use it to view invoices, payment history, and credit applications and disputes.

Credit and Collections 92

Credit and Collections Days Sales Outstanding Invoice to Cash Invoice Amount 92

CreditStrong for Business

FEBRUARY 25, 2025

You may be able to remove a hard inquiry from your report in two cases: If the inquiry is reported in error If its as a result of identity theft or fraud If a hard inquiry is reported on your account for a credit application you didnt submit, it could be an error or a telltale sign of attempted fraud.

Credit Scoring 52

Credit Scoring Credit Application Dashboards 52

Your Virtual Credit Manager

MARCH 28, 2023

The question you need to answer is: should credit policy be liberal or conservative? Credit Applications and Credit Reports The primary sources of information for you credit evaluation will be found in the customer’s credit application and a credit bureau report.

Credit Scoring 130

Credit Scoring Credit Application Bad Debt Credit Risk 130

Your Virtual Credit Manager

DECEMBER 27, 2022

Subscribe now Sources of Business Credit Information Assessing a firm’s creditworthiness in light of each of these eight factors requires specific information. Here are the five primary information sources used to evaluate an accounts credit risk. Click here for more information about credit applications.

Credit Scoring 130

Credit Scoring Credit and Collections Accounts Receivable (AR) Bankruptcy 130

Your Virtual Credit Manager

APRIL 16, 2024

Ensuring Successful Debt Collections Even with these headwinds, there are steps trade creditors can take to improve their collections game: Be Proactive: It starts with a comprehensive credit application and vetting process and is complemented with clear communications about terms, the billing process, and the expectation of on-time payments.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Debt Collections Credit and Collections Collector 130

Credit Management Group UK

MARCH 4, 2024

The decision making process for granting a potential customer credit should be made up of a jigsaw of several different types of information, rather than relying on one method only. Credit Checks Does your customer have the ability to pay you when all is said and done?

Credit Risk 99

Credit Risk Bad Debt Credit and Collections Credit Application 99

Gaviti

NOVEMBER 24, 2024

Using the real-time data, you can more easily adjust credit limits effectively to proactively reduce risk of late payments, bad debt, and write-offs. An A/R automation solution can not only help you in the initial credit application process, but also to regularly assess a customer’s credit risk on a regular basis.

Credit and Collections 52

Credit and Collections DSO Average Days Delinquent Collection Effectiveness Index 52

Gaviti

DECEMBER 18, 2024

For example, it analyzes credit applications, pinpoint missing or potentially incorrect data, and suggest more suitable credit limits. Dispute management that gives you credit and collection history available in one place, enabling you to easily see trends and reduce future disputes for accurate reporting.

Collection Effectiveness Index 52

Collection Effectiveness Index DSO Credit and Collections Invoice to Cash 52

Gaviti

OCTOBER 23, 2023

A business credit score is a rating whose goal is to demonstrate how financially responsible a business is as well as its potential for profitability. The number and type of credit applications, payment history, history of debt, company structure and personal credit score of the founders or owners all affect a business credit score.

Credit Scoring 97

Credit Scoring Credit and Collections Credit Application Bankruptcy 97

Your Virtual Credit Manager

DECEMBER 6, 2022

At a very basic level, you should always have new customers complete a credit application, including bank and vendor (trade) references, and sign a credit agreement ( for an article about credit appications click here ).

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

Your Virtual Credit Manager

FEBRUARY 13, 2024

There are products for processing new customer credit applications, credit analysis, collections, and remittance processing to name a few. You never know when a credit emergency will arise, and where the best person to handle it will be. Can you process new customer credit applications online?

Bankruptcy 130

Bankruptcy Credit and Collections Bad Debt Accounts Receivable (AR) 130

Gaviti

FEBRUARY 4, 2025

The key features of Gaviti include: Credit Management: Automation of credit applications and reviews, enforce credit limits, and monitor credit utilization. Gavitis platform makes accounts receivable controllable, predictable and saleable.

Average Days Delinquent 59

Average Days Delinquent Credit and Collections AR Metrics Accounts Receivable (AR) 59

Gaviti

FEBRUARY 27, 2025

Credit Management: Empowers informed decision-making regarding customer credit by leveraging the AI Assistant to gather and analyze creditworthiness data. The module includes online credit applications, credit request forms, and proactive identification of high-risk customers.

Invoice to Cash 66

Invoice to Cash Payment Portals Credit and Collections Days Sales Outstanding 66

Your Virtual Credit Manager

SEPTEMBER 12, 2023

Processing Delays There are several AR activities that often take longer than they should and therefore cause delays: processing credit applications, approving orders, generating invoices, and posting payments. Nothing is more frustrating to the sales team than an order from a new customer that sits waiting for approval.

Credit and Collections 130

Credit and Collections Bad Debt Accounts Receivable (AR) Deductions 130

Your Virtual Credit Manager

NOVEMBER 29, 2022

Your credit application should include all this information. A recent credit bureau report is also helpful in this regard. Your Virtual Credit Manager now offers reasonably priced business credit reports through Accredit, a leading reseller of credit bureau reports.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Default Collector 130

RMAi Blog

APRIL 13, 2023

Credit cards allow you to use other people’s money while debit cards only let you spend your own money. How a Credit Card Works: Before you can get a credit card, you will have to complete a credit application. A credit limit is the total amount you can charge on the card at any given time.

Credit and Collections 130

Credit and Collections Credit Unions Deductions Credit Application 130

CreditStrong for Business

DECEMBER 12, 2024

As a result, both the FICO and VantageScore credit scoring models expect borrowers to shop around to keep financing costs as low as possible. They give you a short window during which multiple applications count as one credit application.

Credit Scoring 52

Credit Scoring Credit Unions Credit Card Companies Credit Application 52

Lendio

JANUARY 11, 2023

However, if a hard inquiry does affect your credit score, any damage is typically minimal. Below are some common examples of hard credit inquiries. Loan applications. Credit card applications. Applications for lines of credit. Applications for credit limit increases.

Credit Reporting Agencies 98

Credit Reporting Agencies Credit Scoring Credit Application Small Businesses 98

Credit Management Group UK

JULY 11, 2023

Don’t give all customers the same credit terms or limit; some customers will be higher risk than others so should have a lower credit limit and shorter payment terms to reduce risk Ensure the risk to your business is kept to a minimum by determining credit terms and limits appropriate to the risk that a customer poses to your business.

Credit and Collections 91

Credit and Collections Credit Application Credit Management 91

TreviPay

JANUARY 4, 2024

Mid-market Buyers Value Easy, Digital Payments Mid-market buyers found the best overall value for the current payments experience, reporting that payments on terms, tracking orders with a PO #, allowing multiple buyers per account and offering an easy online credit application were benefits.

Online Credit Application 95

Online Credit Application Credit Application 95

Your Virtual Credit Manager

FEBRUARY 6, 2024

As a small business owner or executive, managing accounts receivable (AR) and navigating through various credit decisions is an integral part of the job. After all, credit and collections is essential to the performance of your order-to-cash (O2C) process and cash conversion cycle.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 130

Fundera

MARCH 8, 2016

Younger, smaller businesses tend to have more trouble finding business loans from banks, which accounts for the accompanying increase in credit unions and especially online lenders. . With over half of all credit applications heading towards small banks, they clearly have an immense influence on lending in the United States.

Small Businesses 76

Small Businesses Credit Unions Credit Application 76

CreditStrong for Business

DECEMBER 20, 2024

You can keep them in reserve to draw on them only when you need them, then repay your balances at a pace thats more relaxed than most forms of installment credit. Best of all, once youve paid them off, you can repeat the process without having to go through another round of credit applications.

Credit Scoring 52

Credit Scoring Credit Application Default 52