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.

Credit Management 78

Credit Management Credit Risk 78

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?

B2B Credit 91

B2B Credit Credit Management Credit Risk 91

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.

Credit Management 103

Credit Management Credit and Collections Credit Risk 103

Your Virtual Credit Manager

MAY 23, 2023

Do you need help with your credit policies and procedures? The experts at Your Virtual Credit Manager will analyze your situation to provide you with actionable insights for managing credit risk and shortening your cash conversion cycle. Your firm has become a lender, and they appear to be a debtor.

Bad Debt 49

Bad Debt Credit and Collections Deductions Credit Risk 49

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

Emagia

MARCH 15, 2024

Managing credit risk for B2B customers is critical for seamless order to cash (OTC) and working capital cycles. Businesses that follow traditional reactive strategies in OTC processes may find it difficult to collect at-risk future invoices, likely leading to large invoices going delinquent.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

Emagia

MARCH 15, 2024

Managing credit risk for B2B customers is critical for seamless order to cash (OTC) and working capital cycles. Businesses that follow traditional reactive strategies in OTC processes may find it difficult to collect at-risk future invoices, likely leading to large invoices going delinquent.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

Onguard

MAY 24, 2023

Therefore, leveraging dynamic data, such as fraud analysis, trade payment data, CCJ or legal information, is necessary to reduce risks. These live data can be easily integrated into accounting or CRM platforms and help identify risk areas in terms of bad debtors. The risk of fraud Fraud can cause major problems for businesses.

Credit Risk 52

Credit Risk Credit Management Order to Cash Transactions 52

Onguard

MAY 24, 2023

Therefore, leveraging dynamic data, such as fraud analysis, trade payment data, CCJ or legal information, is necessary to reduce risks. These live data can be easily integrated into accounting or CRM platforms and help identify risk areas in terms of bad debtors. The risk of fraud Fraud can cause major problems for businesses.

Credit Risk 52

Credit Risk Credit Management Order to Cash Transactions 52

Onguard

MAY 24, 2023

Therefore, leveraging dynamic data, such as fraud analysis, trade payment data, CCJ or legal information, is necessary to reduce risks. These live data can be easily integrated into accounting or CRM platforms and help identify risk areas in terms of bad debtors. The risk of fraud Fraud can cause major problems for businesses.

Credit Risk 52

Credit Risk Credit Management Order to Cash Transactions 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?

Accounts Receivable (AR) 130

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

Your Virtual Credit Manager

APRIL 2, 2024

Despite these shortcomings, commercial credit scores can be valuable tools for a company offering trade credit to other businesses. Scores provide valuable insights into the creditworthiness of business customers and help companies make informed decisions regarding trade credit extension, terms, and risk management strategies.

Credit Scoring 130

Credit Scoring Credit and Collections Bad Debt Credit Risk 130

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.

Credit Risk 59

Credit Risk Credit and Collections Default Credit Management 59

Your Virtual Credit Manager

JANUARY 23, 2024

The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. Consequently, the credit manager was able to purchase credit insurance on his customer, and was therefore able to continue approving credit sales, within limits, to the chain store customer.

Credit Application 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

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.

Past Due Invoices 130

Past Due Invoices Credit and Collections Credit Card Payments Credit Risk 130

Your Virtual Credit Manager

DECEMBER 24, 2024

If your enjoy it or find it useful, we hope you will subscribe Your Virtual Credit Manager is a reader-supported publication. Learn More About Consulting Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, and Equifax through our partner accredit.

Credit and Collections 130

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

Your Virtual Credit Manager

FEBRUARY 6, 2024

Continue reading to learn about seven AR pitfalls that you should avoid, including: Relying on Outdated Information Creating an Imbalance Between Risks and Rewards Failing to Prioritize Effectively Relying on Band Aids Instead of Addressing Root Causes Seven AR Pitfalls 1. More About Purchasing Credit Reports 5.

Credit and Collections 130

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

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. Because most of your biggest customers will be larger firms instead of smaller, it is typically the larger firms that will require higher credit limits.

Chapter 11 130

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

Your Virtual Credit Manager

MAY 7, 2024

Increased Costs: Managing payment disputes and chasing overdue payments incurs additional costs in terms of time, resources, and potentially legal fees should the dispute escalate. This can limit a supplier's capacity to extend credit to other customers. our standard subscription is only $5 per month.

Credit and Collections 130

Credit and Collections Credit Risk Credit Management Order to Cash 130

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?

Credit Risk 52

Credit Risk Credit and Collections Bad Debt Default 52

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. Here’s more information on Credit Evaluations.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

FEBRUARY 13, 2024

Clearly, the level of Business Credit Risk is going to remain elevated as we move through 2024, bringing with it the potential for corresponding increases in bad debt and delinquency. It will also help your prioritize your credit reviews as recommended in item #1. Here’s more on setting credit limits.

Bankruptcy 130

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

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

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.

Credit and Collections 130

Credit and Collections Third Party Collections Accounts Receivable (AR) 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.

Credit and Collections 81

Credit and Collections Credit Risk Order to Cash Credit Management 81

Your Virtual Credit Manager

DECEMBER 20, 2022

Share Controlling Credit Risk Increasing sales to high margin customers disproportionately increases total gross profit. Readers of Your Virtual Credit Manager can now access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner Accredit. Here’s how?

Deductions 130

Deductions Credit and Collections Bad Debt Credit Risk 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.

Credit Management 49

Credit Management Bad Debt Credit and Collections Credit Application 49

Your Virtual Credit Manager

MARCH 14, 2023

Collection myths can be found at the very root of bad decisions as well as informing counter-productive activities. Readers of Your Virtual Credit Manager can now access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner aaccredit. Learn More About Credit Reports 5.

Collector 189

Collector Past Due Invoices Credit and Collections Bad Debt 189

Your Virtual Credit Manager

JANUARY 10, 2023

Photo by Patrick Hendry on Unsplash Although defaults resulting in significant bad debt losses are a rare event for trade creditors, much of the focus of AR Management is on credit risk. Banks make money by lending so they pay close attention to the credit risk of the borrower. Buy Credit Reports 4.

Credit and Collections 130

Credit and Collections Bad Debt Invoice Disputes Credit Management 130

Your Virtual Credit Manager

DECEMBER 27, 2022

From the creditor’s perspective, however, the longer the terms the greater the credit risk. Subscribe now Sources of Business Credit Information Assessing a firm’s creditworthiness in light of each of these eight factors requires specific information. Additional information can be found on social media.

Credit Scoring 130

Credit Scoring Credit and Collections Accounts Receivable (AR) Credit Application 130

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

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 31, 2023

The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. The new customers you take on should exhibit an acceptable level of risk, but this can change over time. What do you need help doing? There are a lot of reasons business fail.

Bad Debt 130

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

Your Virtual Credit Manager

JANUARY 30, 2024

The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. More About Purchasing Credit Reports Over time, insights gained from this approach can inform risk assessments for new accounts, which you can use to refine your credit risk parameters.

Credit and Collections 130

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

Your Virtual Credit Manager

SEPTEMBER 10, 2024

To continue reading and learn how to recognize O2C shortcomings along with seven critical factors for AR success you must be a paid subscriber to Your Virtual Credit Manager. Do you need help assessing your customers’ credit risks? Is all necessary information easily accessible, or is it difficult to locate?

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

Know-It Global

JUNE 20, 2023

Credit control is a vital aspect of financial management for businesses. It involves managing credit sales and making informed credit decisions, ensuring timely payment from customers, and minimising bad debt. Setting Up Credit Control Processes 1.1 Setting Up Credit Control Processes 1.1

Bad Debt 19

Bad Debt Credit and Collections Debt Collections Credit Risk 19

Know-It Global

MAY 15, 2023

We had a great time talking to new and existing clients whilst showing new audiences how Know-it helps businesses mitigate credit risk, reduce debtor days and boost cashflow. Know-it helps accountants and bookkeepers better serve their clients by allowing them to automate their complete credit control process. What’s in-it?

Credit and Collections 98

Credit and Collections Credit Risk Credit Management 98