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. Develop a proactive and efficient collections strategy.

Days Sales Outstanding 130

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

CreditStrong for Business

NOVEMBER 7, 2024

Cons The loan funds in most installment credit options provide financing for a single, one-time purchase in the form of a lump sum. Borrowers seeking additional financing through these sources must typically enter the formal credit application process again.

Automobile Dealerships 40

Automobile Dealerships Credit Scoring Credit and Collections Credit Card Payments 40

tillful

MARCH 15, 2023

The less risk that your industry presents, the more likely you’ll be able to repay your loan — hence, the better the odds that you’ll get approved. During the initial credit application, lenders will often ask you to select your industry from a dropdown menu of business categories. When do lenders evaluate industry risk?

Credit and Collections 52

Credit and Collections Credit Scoring Credit Reporting Agencies Credit Card Payments 52