Your Virtual Credit Manager

JANUARY 16, 2024

Time is as much an enemy as anything else when you are charged with collecting past due accounts receivable (AR), so it is crucial you don’t waste time by making mistakes, which will also serve to elongate the collection process. Who to contact should be information requested on your credit application.

Debt Collections 130

Debt Collections Collector Credit and Collections Bad Debt 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

MNS Credit Management Group

AUGUST 11, 2023

These tactics consist on comprehending the debtors’ situation, abiding by the applicable laws, being professional, and using negotiation techniques. These vital techniques for effective debt collection in Singapore are covered in this brief guide. The debt collectors will make an effort to come to a deal with the debtor.

Debt Collections 52

Debt Collections Collector Out of Court Settlement Credit and Collections 52

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. Are there past-due accounts you are trying to collect?

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Third Party Collections 100

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

Emagia

JUNE 12, 2023

Credit risk pertains to the potential financial loss that arises when a borrower fails to repay a loan. It involves the risk of lenders failing to receive the principal amount and interest owed, leading to disrupted cash flows and additional expenses for debt collection. What is Credit Risk Management Best Practices?

Credit Risk 52

Credit Risk Credit and Collections Bad Debt Default 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. 120 Days Delinquent.

Credit and Collections 52

Credit and Collections Bad Debt Invoice to Cash Debt Collections 52