Emagia

MARCH 15, 2024

Many indicated that it was like an AI assistant sitting with you when decisions related to credit risk have to be made amid volatile conditions like abrupt market changes, interest rate fluctuations, supply chain disruptions or employment challenges.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

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

Your Virtual Credit Manager

OCTOBER 18, 2022

For small and medium-size enterprises (SMEs) who only need to purchase a limited number of credit reports, going through an independent reseller of credit bureau reports will often be much more cost effective. Just click on this link to open an account and start getting the commercial credit Intel you need.

Sales Tax Exemptions 130

Sales Tax Exemptions Credit and Collections Online Credit Application Credit Application 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 98

Credit Risk Bad Debt Credit and Collections Credit Application 98

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. Poor Credit Management' We’ve already talked about how poor credit decisions can impact sales and collections.

Credit and Collections 130

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

Your Virtual Credit Manager

SEPTEMBER 17, 2024

To continue reading and learn nine areas of focus for supercharging your collection process, you must be a paid subscriber to Your Virtual Credit Manager. Do you need help assessing your customers’ credit risks?

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Your Virtual Credit Manager

FEBRUARY 13, 2024

Here’s a primer on credit insurance. Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. Can you process new customer credit applications online? Solidify Your Remote Work Capabilities.

Bankruptcy 130

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

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. More About Purchasing Credit Reports 5.

Credit and Collections 130

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

Credit Management Group UK

AUGUST 7, 2024

It is a wide spread misconception that credit management is solely based around the collection of overdue invoices, when in fact the scope of effective credit management encompasses the entire process from order to payment. Anything that happens before payment is received can impact a company’s ability to get paid.

Order to Cash 69

Order to Cash Credit and Collections Credit Management Credit Application 69

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. This calls for a robust credit management system in place. What is B2B Credit Automation For The Digital Era? Most ERPs can automate only a small portion of credit control operations.

B2B Credit 52

B2B Credit Credit and Collections Credit Application Credit Management 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

JANUARY 9, 2024

Then last week we looked at credit hold best practices. From a credit management perspective, these are largely reactive topics. In fact, once you decide to sell a customer on open credit, most of the accounts receivable (AR) management tasks that follow have a reactive component. There is nothing wrong with that.

Credit and Collections 130

Credit and Collections AR Aging Accounts Receivable (AR) Deductions 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) Credit Application 130

Your Virtual Credit Manager

JULY 23, 2024

please take advantage of our July Sale to lock in a subscription to Your Virtual Credit Manager for just $34.99 Subscribe now Do you need help managing credit and collections? The experts at Your Virtual Credit Manager are currently offering 33% off our standard small business consulting rates.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Shared Service Center Small Businesses 130

Your Virtual Credit Manager

MARCH 19, 2024

To continue reading and learn about eleven events or circumstances that should trigger a collection response, in addition to when a customer goes past due, you need to be a paid subscriber to Your Virtual Credit Manager. The experts at Your Virtual Credit Manager can help you bring in the cash.

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Accounts Receivable (AR) 100

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 ). Buy Credit Reports In regard to collections, a well defined process is imperative.

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

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

Gaviti

OCTOBER 27, 2024

3) Examine Your Credit Needs You’ll also need to take a good look at your credit needs and how much risk you are willing to take with customers. You will also need to look at how much time it takes to approve new customers, review credit applications, etc. credit scores, payment history, etc) is dynamic.

Payment Portals 95

Payment Portals Credit and Collections Average Days Delinquent Cash Forecasting 95

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 89

Credit and Collections Credit Application Credit Management 89

Your Virtual Credit Manager

JUNE 18, 2024

That’s why it is standard to ask on a credit applications the year in which the business was formed. Years in business is a critical factor in the assessment of credit risk along with number of employees, which can be a good proxy for sales volume, something private businesses are not always willing to disclose.

Bad Debt 100

Bad Debt Credit and Collections Credit Risk Credit Card Companies 100

Gaviti

JULY 11, 2024

Simplify workflows and improve A/R processes such as invoice distribution, tracking payments, credit management, bank reconciliation and dispute management. Credit monitoring and management. For example, data from your cash application component can be used for more accurate credit management.

DSO 52

DSO AR Automation Credit and Collections Bad Debt 52

Your Virtual Credit Manager

JANUARY 16, 2024

The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. Who to contact should be information requested on your credit application. What do you need help doing?

Debt Collections 130

Debt Collections Collector Credit and Collections Bad Debt 130

MNS Credit Management Group

MAY 20, 2022

The company’s creditworthiness is assessed in the Credit Opinion Report, which includes three elements: the MNS Business Information Report Rating, the probability of insolvency, and the recommended credit limit. What Distinguishes Mns Credit Management Group’s Credit Score From That Of Other Credit Bureaus?

Credit Scoring 52

Credit Scoring Credit Application Default Credit Management 52

Your Virtual Credit Manager

JANUARY 3, 2023

Email us to learn how the experts at Your Virtual Credit Manager can help you clean up your AR Ledger and increase cash flow by improving your Collection Process. Credit Analysis and Portfolio Monitoring Software: These solutions are for managing risk after the initial order has been approved.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

CreditStrong for Business

OCTOBER 3, 2024

The tradelines on your credit report (and how you use them) all feed into the calculation of your credit score. It starts when you complete a credit application through a lender. This could be for a credit card, personal loan, or any type of trade credit. How Long Does a Tradeline Stay on Your Credit Report?

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Credit Card Companies Credit Application 52

Priority Credit Management Corporation

NOVEMBER 19, 2020

Credit applications. Further, while all forms of back-up are helpful, probably the most important document a business can provide is the credit agreement. Further, while all forms of back-up are helpful, probably the most important document a business can provide is the credit agreement. Think more IS more. Statements.

Credit Application 52

Credit Application Credit and Collections Credit Management 52

Your Virtual Credit Manager

AUGUST 8, 2023

For more on credit agreements and the new customer credit application process, check out this post. Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. More About Purchasing Credit Reports 3.

Credit and Collections 100

Credit and Collections Third Party Collections Bad Debt Credit Management 100

Your Virtual Credit Manager

JULY 18, 2023

often will provide a substantial amount of payment and other financial information, enable you to establish a credit account for a customer, and be confident that they will pay reasonably well. If you can’t justify a small credit limit, make them pay by credit card or in advance.

Credit and Collections 130

Credit and Collections Credit Scoring Credit Management Credit Application 130

Gaviti

NOVEMBER 4, 2024

3 – Quadient Quadient’s dispute management tool is also part of its full accounts receivable management platform designed to automate the order-to-cash cycle and accelerate cash flow. Credit Management and Monitoring.

Credit and Collections 52

Credit and Collections Invoice to Cash Payment Portals DSO 52

Gaviti

DECEMBER 6, 2023

It may also integrate other components of the A/R process such as reconciliation, credit management, and provide payment options to customers. These modules include: Credit Management and Monitoring. Cash Application.

Credit and Collections 52

Credit and Collections Invoice to Cash Deductions Cash Applicator 52

Gaviti

OCTOBER 10, 2024

A/R solutions in particular streamline each aspect of accounts receivable, from collections to credit management, cash application and disputes and deductions. Credit Management and Monitoring. Since automation improves speed and accuracy, it is far more effective at scaling than manual methods.

Invoice to Cash 52

Invoice to Cash Credit and Collections Payment Portals DSO 52

Emagia

NOVEMBER 21, 2023

AI can help decrease DSO by improving collections and credit management processes. With sophisticated algorithms utilizing external and internal data, AI can detect when to raise or lower credit limits or put a red flag on a request. However, some accounts will need human intention, of course.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections B2B Credit 52

Gaviti

OCTOBER 30, 2023

When traditional credit management and cash application is automated, it reduces the need for staff and makes the credit management and customer payment process more efficient. Your financial staff has rates of high turnover. You want to simplify a complex process that involves multiple stakeholders.

Days Sales Outstanding 75

Days Sales Outstanding Invoice Collections Credit and Collections DSO 75

Eastern Credit Management Services

NOVEMBER 13, 2019

You can do this quite effectively by having a detailed credit application, I’m so much of a proponent of this that I wrote a whole blog dedicated to creating one. A detailed credit application does two things, it informs your customer of the terms and conditions of the credit you extend.

Bad Debt 52

Bad Debt Small Businesses Credit Reporting Agencies Credit Application 52

Gaviti

DECEMBER 12, 2023

How Gaviti Helps Improve Your Cash Conversion Cycle Gaviti’s A/R invoice-to-cash management platform automates your A/R cycle, streamlining the process while eliminating human error and enabling your accounts receivable team to improve its performance.

Credit and Collections 98

Credit and Collections Invoice to Cash Deductions Cash Applicator 98

Eastern Credit Management Services

APRIL 20, 2021

It is a tool that any company may implement as part of a broader collection management policy. Is it a tool that will work for you and if so, how do you add it to your credit management policy? Any company may charge interest on goods and services purchased on credit by their customers.

Credit and Collections 52

Credit and Collections Credit Management Credit Application 52

CreditStrong for Business

OCTOBER 11, 2024

Business credit reports that contain data from the SBFE might make or break your future business credit applications. The Small Business Financial Exchange (SBFE) is a trade association that allows lenders and others to share credit information about their customers. appeared first on Credit Strong.

Credit Reporting Agencies 52

Credit Reporting Agencies Credit and Collections Credit Scoring Small Businesses 52