Your Virtual Credit Manager

FEBRUARY 18, 2025

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.

Credit Application 130

Credit Application Credit and Collections Bad Debt High-Risk Accounts 130

Your Virtual Credit Manager

DECEMBER 31, 2024

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.

Collector 130

Collector Credit and Collections Bad Debt High-Risk Accounts 130

Gaviti

FEBRUARY 4, 2025

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.

Average Days Delinquent 59

Average Days Delinquent Credit and Collections AR Metrics Accounts Receivable (AR) 59

Gaviti

DECEMBER 18, 2024

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.

Collection Effectiveness Index 52

Collection Effectiveness Index DSO Credit and Collections Invoice to Cash 52

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

Emagia

NOVEMBER 21, 2023

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.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Cash Applicator 52

Bectran

MARCH 5, 2025

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.

Bad Debt 52

Bad Debt High-Risk Accounts Credit and Collections Default 52