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?
Emagia
JUNE 21, 2024
This digitalization of credit applications can accelerate credit management processes by customizing applications and setting required fields to complete credit applications instantly and accurately.
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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.
Gaviti
APRIL 3, 2024
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. Carefully assess the payment history of the company and the risk it poses to your business. Collections analytics.
Emagia
FEBRUARY 2, 2024
To meet the customer expectations and continue to be in business, businesses need to consider technology adoption in OTC processes including credit operations, to automate the following steps to make credit control autonomous. Online credit application makes the application process simple and quicker for the customer.
Gaviti
APRIL 18, 2024
Credit management and monitoring. Send online credit applications to both existing customers and potential prospects. Get alerts in real-time about customers with increased credit risk.
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