Your Virtual Credit Manager

FEBRUARY 13, 2024

Clearly, the level of Business Credit Risk is going to remain elevated as we move through 2024, bringing with it the potential for corresponding increases in bad debt and delinquency. It will also help your prioritize your credit reviews as recommended in item #1. Here’s more on setting credit limits.

Bankruptcy 130

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

Your Virtual Credit Manager

SEPTEMBER 17, 2024

A former client had the necessary credit and collection expertise for their industry. They understood the dynamics that affected their customers and marketplace, as well as the credit controls needed to keep credit risk in check in this environment. 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 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

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

Your Virtual Credit Manager

DECEMBER 27, 2022

From the creditor’s perspective, however, the longer the terms the greater the credit risk. Subscribe now Sources of Business Credit Information Assessing a firm’s creditworthiness in light of each of these eight factors requires specific information. 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

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

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

Your Virtual Credit Manager

DECEMBER 6, 2022

Unless you have a relatively small number of customers who are financially strong and pay on time, you will need to develop an AR Management capability. As a reader of Your Virtual Credit Manager, you can access reasonably priced business credit reports from multiple bureaus through Accredit , a leading reseller.

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

Your Virtual Credit Manager

JANUARY 3, 2023

Do not match unapplied credits with open deductions and debits unless there is documentation to relate them or you will be in violation of escheatment laws. Refresh the credit risk ratings and credit limits of customers that have not been updated within the past two years. Update your customer master file.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

CreditStrong for Business

OCTOBER 11, 2024

The goal of the organization is to serve the business lending industry by providing accurate and reliable data to help lenders predict small business credit risk. Business credit reports that contain data from the SBFE might make or break your future business credit applications. The post What Is the SBFE?

Credit Reporting Agencies 52

Credit Reporting Agencies Credit and Collections Credit Scoring Small Businesses 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

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

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. For example, finance teams might apply it towards cash flow forecasting, credit risk assessment and identifying the best investment opportunities.

Invoice to Cash 52

Invoice to Cash Credit and Collections DSO Payment Portals 52

Gaviti

APRIL 18, 2024

Credit management and monitoring. Send online credit applications to both existing customers and potential prospects. Get alerts in real-time about customers with increased credit risk.

AR Aging 52

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

Emagia

MAY 1, 2024

According to Schmidt, typical credit managers spend three and a half to four hours per day responding to emails. Routing of emails can also be managed by AI. A third interesting use focuses on more sophisticated credit applications and collections processes.

Order to Cash 52

Order to Cash Cash Forecasting Credit and Collections Shared Service Center 52

Gaviti

JULY 18, 2024

Aggregate information about your receivables into one customer dashboard that includes comprehensive metrics such as Median Days Delinquent (MDD), best DSO, customer risk and other metrics that contribute to more accurate short and long-term payment forecasting. Credit Management and Monitoring. Customer Self-Service Portal.

Cash Forecasting 52

Cash Forecasting DSO Credit and Collections Deductions 52

Gaviti

JUNE 13, 2024

Gaviti’s invoice-to-cash A/R management and automation streamlines your entire accounts receivable process from customer invoice distribution to credit application and payment reconciliation. Credit Management and Monitoring. Its modules include: Customer Self-Service Portal.

DSO 52

DSO Credit and Collections Deductions Collector 52

Gaviti

JUNE 25, 2024

Credit Management and Monitoring. Automatically manage customer credit from the credit application process through ongoing monitoring with real-time credit risk alerts. Tailor the risk assessment process of each customer according to the requirements that align with your business needs.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Deductions 52

Gaviti

NOVEMBER 16, 2023

Manage customer credit risk Maintain a clear credit history for each customer so that you can make informed credit decisions and minimize risk. Extending credit to customers who cannot pay can lead to bad debt, write-offs and even legal consequences.

Credit and Collections 52

Credit and Collections Bad Debt Invoice to Cash Debt Collections 52

Gaviti

APRIL 3, 2024

Use a credit monitoring tool to example customers’ past payment history and require stricter payment terms and implement tighter escalation processes for customers who present a higher credit risk. Carefully assess the payment history of the company and the risk it poses to your business. Collections analytics.

DSO 52

DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

Credit & Management Systems, Inc.

FEBRUARY 13, 2017

(CMS) is the leading developer of comprehensive system solutions for corporate and commercial credit management. CMS’s highly acclaimed Corporate Credit Manager (CCM) software system is the most powerful and widely used commercial credit scoring, financial analysis, risk management, and decision support system available.

Credit and Collections 40

Credit and Collections Credit Scoring Credit Management Credit Application 40

Your Virtual Credit Manager

MARCH 26, 2024

Economic circumstances may prompt a vendor to either tighten or loosen its credit policies and customer credit limits. Going beyond the impact of macroeconomic trends, a company’s customers operate in dynamic business environments, and for a majority of them, the credit risk they pose is either increasing or decreasing.

Bankruptcy 130

Bankruptcy Bad Debt Credit Scoring Chapter 11 130