Credit Risk Document High-Risk Accounts 
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. Insurers want to be paid for the risk they bear.
Your Virtual Credit Manager
JUNE 27, 2023
Share The High-Risk Account: Ideally you do not want to extend credit to high risk accounts. This persona may exhibit characteristics such as a history of defaults, financial instability, industry volatility, or a poor credit rating. it just might help them pay you sooner!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Your Virtual Credit Manager
JANUARY 30, 2024
(Photo by Igor Omilaev on Unsplash ) Automated collections increases productivity by providing higher visibility into all things related to a customers AR (invoices, shipping documents, previous collection efforts, and so forth), thereby saving time and driving better decisions.
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 Regular Credit Reviews: Credit reports can change frequently.
TreviPay
SEPTEMBER 18, 2024
The renewal process includes a review of the company’s risk profile and may lead to adjustments in premiums and credit limits. Claims Process: In the event of a default, the business must file a claim with the insurer, providing documentation like unpaid invoices and proof of the buyer’s insolvency.
Expert insights. Personalized for you.
130 
Let's personalize your content