article thumbnail

Eight New Year’s Resolutions to Improve your Commercial Credit Management in 2025

Credit Management Group UK

2025 could be the year for your business to improve and grow, however this relies heavily on how effectively your commercial credit management runs. Improving your commercial credit management in 2025 1.

article thumbnail

A look back at 2024: 5 trends in credit management from the past year

Onguard

Trends in credit management #2: The credit manager shortage remains A combination of an ageing workforce and the perception of credit management as a reactive, administrative role has deterred new entrants and heightened the demand for hybrid skills combining financial expertise and technological proficiency.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Does Your Billing Process Provoke Late Payments?

Your Virtual Credit Manager

Your Virtual Credit Manager is a reader-supported publication. For a masterclass on Credit Department Digital Transformation , join David Schmidt online December 3, 2024, at 1:30 PM EDT. To receive new posts and support my work, please subscribe for just $5 per month ($49 yearly).For

article thumbnail

Here Are the Distress Signals Private Firms Flash When They Are in Trouble

Your Virtual Credit Manager

Your Virtual Credit Manager is a reader-supported publication. The experts at Your Virtual Credit Manager have default risk probabilities and other financial benchmarks for analyzing your AR portfolio and revealing actionable credit & collection insights. Do you need help improving cash flow?

Bad Debt 130
article thumbnail

Are Your Credit & Collection Policies Aligned with Company Goals?

Your Virtual Credit Manager

.” The Role of Credit in a Commercial Enterprise If you grant credit to your business customers, it is also imperative that credit, collections, and AR management issues be addressed. Credit management takes center stage when: New customers apply for credit terms.

article thumbnail

Are Your Commercial Credit Files Secure

Your Virtual Credit Manager

Your Virtual Credit Manager is a reader-supported publication. The experts at Your Virtual Credit Manager have default risk probabilities and other financial benchmarks for analyzing your AR portfolio and revealing actionable credit & collection insights. Do you need help improving cash flow?

article thumbnail

Top 10 Strategies for Reducing Days Sales Outstanding (DSO)

Your Virtual Credit Manager

Your Virtual Credit Manager is a reader-supported publication. Besides driving process improvement, the experts at Your Virtual Credit Manager can apply default risk probabilities & other financial benchmarks to your AR portfolio to reveal actionable credit & collection insights.