Credit Risk High-Risk Accounts Information 
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
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.
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Your Virtual Credit Manager
AUGUST 27, 2024
As we've shifted from a consumer-driven, industrial society to an information-driven, service-oriented economy, a flood of new risks have worked their way into the credit function. Regulatory and compliance risks have surged with the Gramm-Leach-Bliley and Dodd-Frank acts. Be cautious about sharing sensitive information.
Gaviti
FEBRUARY 18, 2024
It’s important to receive regular risk assessments for your customers to verify their creditworthiness and extend credit to them based on their payment history, not out of courtesy. Ideally, customer credit applications should be streamlined to focus on only the most important information to ensure they are quick and accurate.
Gaviti
FEBRUARY 18, 2024
It’s important to receive regular risk assessments for your customers to verify their creditworthiness and extend credit to them based on their payment history, not out of courtesy. Ideally, customer credit applications should be streamlined to focus on only the most important information to ensure they are quick and accurate.
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. In fact, most credit reports have a limited amount of information about their subject.
TreviPay
SEPTEMBER 18, 2024
Benefits of Trade Credit Insurance There are many benefits to trade credit insurance. It offers businesses valuable protection and financial stability by safeguarding against trade credit risk. The seller is no longer at risk of customer non-payment and insolvency.
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