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The Crucial Role of AI in Transforming Digital B2B Credit Applications

Emagia

With the rapid advancement of digital technology, businesses can no longer afford the inefficiencies of slow credit applications, validations, and approvals. Empowering the credit team with intelligent Order-to-Cash (OTC) digital solutions is essential. Conducting reference checks online instead of through paper applications.

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Top 5 Credit Bureau Companies for B2B in 2023

Gaviti

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.

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What Is the Accounts Receivable Process?

Gaviti

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. Automatically manage customer credit from the credit application process through ongoing monitoring with real-time credit risk alerts.

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Why is B2B Credit Automation Critical in The Digital Era?

Emagia

To meet the customer expectations and continue to be in business, businesses need to consider technology adoption in OTC processes including credit operations, to automate the following steps to make credit control autonomous. Online credit application makes the application process simple and quicker for the customer.

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The Importance of the Accounts Receivable Aging Report

Gaviti

Get a comprehensive dashboard that gives you real-time insights into critical metrics that directly affect your cash flow. Track a range of traditional KPIs such as Total A/R, DSO, collections rate, and customer risk in addition to unique smart KPIs. Credit management and monitoring. Collections analytics.

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Why Loan Portfolio Monitoring is the New Standard for Banks

Biz2X

Proper portfolio monitoring is important in banking because it reduces portfolio risk, promotes regulatory compliance, and minimizes losses. Credit monitoring works hand in hand with a bank’s underwriting process. Mitigating and managing risks When risks are identified in an efficient manner, lenders can take corrective actions sooner.