Emagia

JUNE 12, 2023

Credit risk management plays a critical role in the financial health and stability of businesses across industries. It involves identifying, assessing, and mitigating the potential risks associated with extending credit to customers or counterparties. What is Credit Risk Management?

Credit Risk 52

Credit Risk Credit and Collections Bad Debt Default 52

Gaviti

APRIL 18, 2024

It usually includes information such as the customer name, invoice details, amount due, outstanding balances and the aging categories (e.g. AR aging reports provide concrete information that can be used to take action. Credit management and monitoring. Get alerts in real-time about customers with increased credit risk.

AR Aging 52

AR Aging Credit and Collections Allowance for Doubtful Accounts Bad Debt 52

Emagia

JUNE 21, 2024

Empowering the credit team with intelligent Order-to-Cash (OTC) digital solutions is essential. This digitalization of credit applications can accelerate credit management processes by customizing applications and setting required fields to complete credit applications instantly and accurately.

B2B Credit 40

B2B Credit Credit Application Digital Credit Application Credit and Collections 40

Your Virtual Credit Manager

JANUARY 3, 2023

Do not match unapplied credits with open deductions and debits unless there is documentation to relate them or you will be in violation of escheatment laws. Refresh the credit risk ratings and credit limits of customers that have not been updated within the past two years. Update your customer master file.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Gaviti

APRIL 3, 2024

With a self service payer or customer portal, customers also don’t need sensitive information such as your bank account details. Use a credit monitoring tool to example customers’ past payment history and require stricter payment terms and implement tighter escalation processes for customers who present a higher credit risk.

DSO 52

DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

Emagia

FEBRUARY 2, 2024

In today’s digital environment, customers expect a quick credit approval process to avoid spending non-productive time and effort on mundane tasks such as providing a lot of information by filling up paper applications for manual verification and approval.

B2B Credit 52

B2B Credit Credit and Collections Credit Application Credit Management 52