Your Virtual Credit Manager

OCTOBER 8, 2024

(Photo by Gabriel Meinert on Unsplash ) Don’t Shoot Yourself in the Foot Before examining what needs to be done from a credit and collection policy and procedures perspective, you need to understand the most common reasons collection agencies are unable to collect everything that is due.

Credit and Collections 100

Credit and Collections Third Party Collections Bankruptcy Bad Debt 100

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 Accounts Receivable (AR) Third Party Collections Credit Risk 130

Your Virtual Credit Manager

APRIL 18, 2023

There are still some options here, including some firms that can help you with distributing both electronic and paper invoices, but you will need about 500 invoices per month for their services to provide economic benefits Collections : Many Collection Agencies will perform “first party” collections for you.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Third Party Collections 130

Onguard

FEBRUARY 23, 2023

Credit risk monitoring is key Non-payment of invoices can cause unnecessary stress in your work. Credit risk monitoring is therefore key to ensuring you get paid. With the help of credit risk management software, you have the correct procedures and policies in place to prevent non-payment.

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Third Party Collections Credit and Collections Credit Risk Credit Management 52

Your Virtual Credit Manager

DECEMBER 26, 2023

Hopefully, these insights will help you with your collection efforts Not a subscriber … why don’t you take advantage of a YVCM subscription? Subscribe now Learn to Recognize These Red Flags There are two types of credit risk affiliated with selling on open credit terms. What do you need help doing?

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Collector Credit and Collections Default Third Party Collections 130