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.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

JANUARY 30, 2024

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

Gaviti

FEBRUARY 18, 2024

Streamline the credit process. Monitoring and limiting customer credit to customers with good credit risk helps to avoid late invoice payments, write-offs, and customer debt, all of which impact your cash flow. These components include: A/R management. Self-Service Payment Gateway.

Credit and Collections 52

Credit and Collections Deductions Collector DSO 52

Gaviti

FEBRUARY 18, 2024

Streamline the credit process. Monitoring and limiting customer credit to customers with good credit risk helps to avoid late invoice payments, write-offs, and customer debt, all of which impact your cash flow. These components include: A/R management. Self-Service Payment Gateway.

Credit and Collections 52

Credit and Collections Deductions Collector DSO 52

Your Virtual Credit Manager

MAY 16, 2023

High risk customers shouldn’t be granted credit. The truth of the matt er is there are times you should give credit to high risk accounts and ways to mitigate those risks. Do you need help with your credit policies and procedures?

Bad Debt 100

Bad Debt Credit and Collections Default High-Risk Accounts 100

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!

Collector 26

Collector Credit and Collections High-Risk Accounts Accounts Receivable (AR) 26

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.

Bad Debt 19

Bad Debt Credit and Collections Debt Collections Credit Risk 19