Your Virtual Credit Manager

NOVEMBER 14, 2023

Purchasing Credit Insurance, however, will only reduce the risk problem if: The policy covers the financially weak, higher risk customers. Credit Insurance policies often exclude individual, high risk accounts. Insurers want to be paid for the risk they bear. The policy cost is acceptable.

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Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

MAY 16, 2023

Subscribe now Nine Credit Traps to Avoid Like anything else, you do not want your credit decisions biased by common fallacies or misplaced trust and perceptions. Credit evaluations prevent more bad debts than collection efforts. High risk customers shouldn’t be granted credit.

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Bad Debt Credit and Collections Default Small Businesses 100

Your Virtual Credit Manager

APRIL 11, 2023

If they don’t pass muster for open credit terms, there are still other options for securing or insuring payment. Here’s more on Credit Checks. Poor Credit Controls: Poor credit control practices can result in providing goods or services to high-risk accounts that are likely to pay beyond terms or even default on payments.

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

Know-It Global

JUNE 20, 2023

This guide provides a comprehensive overview of credit control practices and strategies that your business can implement to mitigate credit risk, reduce debtor days and boost cashflow! Setting Up Credit Control Processes 1.1 Adjust credit limits and terms based on customer payment history and financial stability.

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Bad Debt Credit and Collections Debt Collections Credit Risk 19

TreviPay

SEPTEMBER 18, 2024

Trade credit insurance has become a vital tool for businesses looking to protect themselves from the risk of non-payment by customers. This type of insurance acts as a safety net, covering unpaid invoices when clients default or face financial difficulties. How Does Trade Credit Insurance Work?

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Bad Debt Default Credit and Collections Export Credit 52

Your Virtual Credit Manager

APRIL 15, 2025

Photo by Erik Mclean on Unsplash This inevitably results in your firm experiencing reduced cash flow from collections (your primary source of cash) and an increased risk of never being paid. If the cumulative impact of both these eventualities, slower payments and more defaults, is of sufficient size, your company could face insolvency.

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

Bectran

MARCH 5, 2025

In a recent survey report by Atradius , respondents asserted that bad debt accounted for 8% of all their B2B invoices, with a further 50% being past due. The inherent risk of default in businesses extending credit makes bad debt accumulation more than a cursory concern, it is a challenge that can strike at the heart of your operations.

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Bad Debt High-Risk Accounts Credit and Collections Default 52