Remove Credit Application Remove Credit Management Remove High-Risk Accounts
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After the Credit Application: Getting to Know Your Customers Even Better

Your Virtual Credit Manager

The same goes for restrictive credit decisions, which are a common fallback when there are insufficient insights to justify a credit limit that meets the customer’s purchasing requirements. Credit applications, however, don’t provide much in the way of credit insights unless a financial statement is included.

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A Focus on Collections & Credit Fraud

Your Virtual Credit Manager

While emails are often used, phone calls can be more effective, especially for high-risk accounts. If your enjoy this article and would like to get access to the full story, we hope you will subscribe Your Virtual Credit Manager is a reader-supported publication. via direct external communication with the customer.

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Top Accounts Receivable Strategies for 2025

Gaviti

In 2025, successful businesses will: Analyze payment trends to refine credit terms and collection strategies. Use data-driven insights to improve customer segmentation and prioritize high-risk accounts. Run a Consistent and Robust Credit Process Credit management is the foundation of effective AR.

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The Best Accounts Receivable Reporting Software Solutions of 2025

Gaviti

As a result, your accounts receivable reporting software offers a number of specific benefits, including: Better cash flow management. Having the most accurate customer data at your fingertips allow you to identify high-risk accounts and prioritize your collection efforts to optimize cash flow.

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Supercharge Your Collections

Your Virtual Credit Manager

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?

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Four Burning Questions About AI in Finance and Credit – Answered

Emagia

AI can help decrease DSO by improving collections and credit management processes. This enables companies to focus their collection efforts more effectively and prioritize high-risk accounts. However, some accounts will need human intention, of course. Remember, AI is a copilot not a catch-all.

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Past Due to Bad Debt: How to Segment Customers by Risk & Implement Collections Strategies that Match

Bectran

If left unchecked, bad debt eats into your revenue, making a substantial impact on everything from your cash flow to future credit approvals. When steps are not taken to root out its underlying causes, credit managers may begin to approve new credit applications more sparingly.