Onguard

MAY 24, 2023

This way, you can reduce the risk of non-payment and ensure future-proof financial success and stronger customer relationships. This starts with credit management. Invest in the right tools Investing in tools and associated data to minimise financial risks can provide long-term savings.

Credit Risk 52

Credit Risk Credit Management Order to Cash Transactions 52

Onguard

MAY 24, 2023

This way, you can reduce the risk of non-payment and ensure future-proof financial success and stronger customer relationships. This starts with credit management. Invest in the right tools Investing in tools and associated data to minimise financial risks can provide long-term savings.

Credit Risk 52

Credit Risk Credit Management Order to Cash Transactions 52

Credit Management Group UK

JANUARY 7, 2024

To tackle these issues, for a low monthly cost we can provide your business with the expertise and support necessary in fully understanding your credit management issues, analysing the situation to find the most appropriate solutions.

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Credit Management Bad Debt Credit and Collections Credit Risk 92

Credit Management Group UK

JUNE 16, 2024

Throughout my years in commercial credit management, I have identified several mistakes that companies make within their order to cash process; mistakes that are often very small and easily fixed; make enough of them, however, and you could find your cash flow isn’t flowing the way you would like it to.

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Credit Management Credit and Collections Order to Cash Credit Risk 99

Abrigo

MAY 27, 2022

What Makes a Successful Credit Manager Focusing on these traits can only help you become a better credit manager at your financial institution. 5 Traits of the Ideal Credit Manager. Below are five traits integral to being a successful credit manager. Credit Analysis Training.

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Credit Management Credit Risk 78

Know-It Global

APRIL 26, 2023

As a business owner, it’s essential to understand and manage credit risk to maintain a healthy cash flow and avoid financial losses. Credit risk is the potential for a borrower to fail to repay a loan or credit extended to them. The good news is you can avoid these issues. Did you know?

Credit Risk 98

Credit Risk Bad Debt Credit and Collections Default 98

Credit Management Group UK

MARCH 15, 2023

Within my 30 years’ experience in the credit management profession, I have seen many mistakes made in B2B credit management; these mistakes, if not rectified, run the risk of negatively impacting cash flow and customer relationships. The post Are you making these four B2B credit management mistakes?

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B2B Credit Credit Management Credit Risk 93

Emagia

JUNE 12, 2023

Credit risk management plays a critical role in the financial health and stability of businesses across industries. It involves identifying, assessing, and mitigating the potential risks associated with extending credit to customers or counterparties. What is Credit Risk Management?

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Credit Risk Credit and Collections Bad Debt Default 52

Emagia

NOVEMBER 16, 2022

The common business risks include credit risk which mainly refers to the risk of the borrowers failing to repay credit or loan that has been extended to them, customers failing to pay the invoices raised against the supply of goods or services, or vendors failing to supply goods or services after having been paid in time.

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Credit Risk Credit and Collections Default Credit Management 59

Credit Management Group UK

MARCH 7, 2023

Some of the most common credit management issues are relatively easy to overcome; here I detail the top five issues, and how they can be resolved. The post The Top Five Credit Management Issues and How to Resolve Them appeared first on Credit Management Group UK.

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Credit Management Credit and Collections Credit Risk 104

Gaviti

MAY 9, 2023

We are thrilled to announce the launch of our latest addition to the Gaviti accounts receivable collections platform: the Credit Management Module! At Gaviti, we understand how crucial it is for you to maintain a healthy cash flow, minimize credit risk, and ensure timely payments from your customers.

Credit and Collections 98

Credit and Collections Credit Management Dashboards Payment Portals 98

Know-It Global

JUNE 22, 2023

ONE OF Scotland’s fastest growing fintechs, Know-It, has unveiled a new service in its cloud-based credit management platform designed to revolutionise the accounting industry. Credit management is essential for accountants, as it allows them to manage their clients’ financials more effectively.

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Credit Management Credit and Collections Bankruptcy Credit Risk 52

Bectran

AUGUST 2, 2023

Mitigating global credit risk is a critical aspect of ensuring the resilience of B2B companies in today’s interconnected world. From economic volatility to geopolitical tensions, businesses must be prepared to navigate these challenges — and adaptable when the unexpected occurs.

Credit Risk 52

Credit Risk Credit Management 52

Your Virtual Credit Manager

NOVEMBER 12, 2024

Monitoring and evaluating the credit risk posed by public companies and other large firms differs significantly in comparison to small and mid-sized businesses. Your Virtual Credit Manager is a reader-supported publication. Learn More About Credit Reports Please share this newsletter with your small business customers.

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Chapter 11 Accounts Receivable (AR) Bankruptcy Credit and Collections 130

Credit Management Group UK

JULY 19, 2023

Small businesses need to ensure they have the most effective credit management systems and skills to tackle late payment seriously, to avoid becoming one of those statistics. Credit management should be ‘customer focused’. Manage disputed invoices by setting a time limit to resolve issues.

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Credit Management Bad Debt Credit and Collections Credit Application 50

Emagia

OCTOBER 17, 2022

Enterprises digitally transform their credit risk management processes to manage and navigate volatile market conditions, new regulatory pressures, increasing customer expectations, and other credit risks related to customers and vendors. Robotic Process Automation (RPA). Artificial intelligence (AI).

Credit Risk 52

Credit Risk Credit Scoring Bankruptcy Credit and Collections 52

Know-It Global

MAY 8, 2023

As a business owner, it’s essential to understand and manage credit risk to maintain a healthy cash flow and avoid financial losses. Credit risk is the potential for a borrower to fail to repay a loan or credit extended to them. The good news is you can avoid these issues. Did you know?

Credit Risk 52

Credit Risk Bad Debt Credit and Collections Default 52

blue dot counseling

NOVEMBER 25, 2023

The collection side of credit control is difficult enough so identifying bad payer problems before you have even made a sale can save you time and money. The post Get paid quicker – 5 ways to avoid bad credit risks appeared first on Blue Dot Consulting.

Credit Risk 52

Credit Risk Credit and Collections Credit Management 52

Know-It Global

MAY 8, 2023

As a business owner, it’s essential to understand and manage credit risk to maintain a healthy cash flow and avoid financial losses. Credit risk is the potential for a borrower to fail to repay a loan or credit extended to them. The good news is you can avoid these issues. Did you know?

Credit Risk 52

Credit Risk Bad Debt Credit and Collections Default 52

Your Virtual Credit Manager

OCTOBER 22, 2024

When we first think about credit risk, our minds focus on the financial status of the company in question. To manage the risk that a customer might default, companies implement credit and collection policies and procedures. Your Virtual Credit Manager is a reader-supported publication.

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Past Due Invoices Credit and Collections Credit Card Payments Default 130

JSP Credit Management

MAY 10, 2022

At JSP Credit Management it seems were forever talking about globalisation. Something, we might add, that JSP Credit Management absolutely loves, but has something to do with the topic of this blog, on “cultural awareness”. From the outset JSP Credit Management set out to make being culturally aware a conscious effort.

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Credit Management Bad Debt Credit Risk 52

JSP Credit Management

MAY 26, 2022

But what we do feel duty bound to do is be realistic about the risks that businesses are exposed to when their credit management department is not given its fair share of TLC. Many businesses choose to try and predict future credit risk problems by vetting their customers before they open up a credit account for them.

Credit Management 52

Credit Management Credit and Collections Bad Debt Credit Risk 52

Your Virtual Credit Manager

SEPTEMBER 24, 2024

This advice should resonate deeply for anybody involved in credit management, particularly in times of economic uncertainty. To continue reading and learn how to use calmness and clarity to turn nervousness into excitement to fuel success, you must be a paid subscriber to Your Virtual Credit Manager.

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Accounts Receivable (AR) Credit and Collections Credit Management Default 130

Your Virtual Credit Manager

SEPTEMBER 3, 2024

To continue reading and learn how to best prioritize your collection efforts for maximum cashflow you must be a paid subscriber to Your Virtual Credit Manager. Do you need help assessing your customers’ credit risks?

Accounts Receivable (AR) 130

Accounts Receivable (AR) Days Sales Outstanding DSO Credit and Collections 130

Gaviti

MAY 9, 2023

We are thrilled to announce the launch of our latest addition to the Gaviti accounts receivable collections platform: the Credit Management Module! At Gaviti, we understand how crucial it is for you to maintain a healthy cash flow, minimize credit risk, and ensure timely payments from your customers.

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Credit and Collections Credit Management Dashboards Payment Portals 52

Your Virtual Credit Manager

FEBRUARY 27, 2024

In order for that to happen, everybody needs to be aligned in regard to sales and credit in general and the objectives of the order-to-cash process (O2C) in particular. The experts at Your Virtual Credit Manager can help you bring in the cash. Are there past due accounts you are trying to collect?

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Accounts Receivable (AR) Days Sales Outstanding Bad Debt Credit and Collections 130

Your Virtual Credit Manager

APRIL 2, 2024

Companies tend to offer more favorable terms to customers with higher credit scores, such as higher credit limits or longer payment terms while imposing stricter terms on higher-risk customers with lower scores. Monitoring Credit Risk : Companies may use credit scores to monitor the credit risk of their existing customers.

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Credit Scoring Credit and Collections Bad Debt Credit Risk 130

Credit Management Group UK

MAY 6, 2024

Due diligence Carrying out due diligence on current and prospective customers can help in identifying those customers that pose more risk to your business. Credit risk reporting can highlight anything untoward with regards to a company’s credit risk, for example any CCJs.

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Credit and Collections Credit Risk Order to Cash Credit Management 83

Your Virtual Credit Manager

OCTOBER 15, 2024

Your Virtual Credit Manager is a reader-supported publication. To learn more about implementing a strategic collections process, join David Schmidt on October 16, 2024, at 1:30 PM EDT for a webinar on the subject Webinar Registration Do you need help assessing your customers’ credit risks?

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Chapter 11 Bad Debt Accounts Receivable (AR) Chapter 7 130

Bectran

MAY 31, 2023

Companies of all sizes depend on the wisdom of credit management personnel to oversee the operations of the credit department. Much like a conductor leading an orchestra , a great credit manager seamlessly guides multiple moving pieces as they come together to smoothly achieving a single goal.

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Credit Management Credit Risk 52

Your Virtual Credit Manager

OCTOBER 17, 2023

(Photo by Jandira Sonnendeck on Unsplash ) In most cases, you therefore have to extend credit to your B2B customers, which entails the following risks: Not being paid anything Being paid an amount less than the full invoice value Not being paid on time, whether in full or in part These outcomes are known as credit risks.

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Bad Debt Credit and Collections Credit Risk Accounts Receivable (AR) 130

Your Virtual Credit Manager

SEPTEMBER 17, 2024

A former client had the necessary credit and collection expertise for their industry. They understood the dynamics that affected their customers and marketplace, as well as the credit controls needed to keep credit risk in check in this environment. Do you need help assessing your customers’ credit risks?

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Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Your Virtual Credit Manager

AUGUST 6, 2024

Aggregate Credit Risk and Seamless Trading An important goal for your business is to trade seamlessly with your customers; that is to fulfill their orders completely, accurately and QUICKLY. This will determine how much credit risk you can bear and how tight your credit controls need to be.

Bad Debt 100

Bad Debt Credit and Collections Accounts Receivable (AR) Credit Risk 100

Your Virtual Credit Manager

OCTOBER 2, 2024

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

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Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

Your Virtual Credit Manager

DECEMBER 5, 2023

Share Differentiating Your Customers The two most important customer account characteristics that will foreshadow the Collection Strategy you should pursue are: The size of their AR balance Their credit risk profile As a rule, customers that owe you larger amounts of past due AR should receive more and earlier attention than customers who owe less.

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Credit and Collections Third Party Collections Accounts Receivable (AR) Credit Risk 130

Your Virtual Credit Manager

NOVEMBER 14, 2023

Selling only to financially strong customers reduces the risk of bad debt loss, (and the cost of Credit and Collections activity required). Most companies, however, need incremental sales volume from higher-credit-risk customers to break even and achieve profitability. it just might help them pay you sooner!

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Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

JUNE 20, 2023

” As a reader of Your Virtual Credit Manager you are eligible for 50% off the registration fee: Register Online Or call 866-352-9539 — Discount code: A5307986 — Priority code: 15999 What Can Be Done? As economic headwinds build, business leaders tend to batten down the hatches by cutting cost and minimizing risk.

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Credit Risk Bad Debt Credit and Collections AR Aging 20