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Tackling Customers that Always Pay Late

Your Virtual Credit Manager

To better deal with these customers, it is helpful to segregate them into three groups: Those who are financially strong (low credit risk) and are trying to increase their cash position through late payments. Since they are abusing your credit terms, why not require them to pay with a credit card when they place an order?

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How to implement consistent credit risk pricing

Abrigo

Credit risk pricing Maintaining consistency in credit risk pricing can be broken down into three important factors. Takeaway 1 Risk rating using multi-factor contributions is key to building a strong credit risk pricing model. Learn more about credit risk in, "Commercial risk rating considerations.".

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Structuring cash transactions: Example reviews and best practices for banks

Abrigo

How does your AML program detect structured cash transactions? Takeaway 2 Put yourself in the customer’s shoes to identify why they might be performing transactions in a manner that reflects potential structuring. Following the passage of BSA, bad actors began structuring cash transactions to avoid the required reporting.

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Establishing Credit Risk Assessments for B2B Transactions

Bectran

Any business that depends on a credit model needs to have a solid understanding of the credit risk involved before they begin lending — and those risks will vary between industries, business models and economic pressures. After all, each credit risk assessment is as unique as the company using it.

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Eight Signs a Customer Is Becoming a Problem Debtor

Your Virtual Credit Manager

However, the open terms associated with trade credit transactions are typically short-term, so those accounts that honor your terms will naturally be considered good customers. Do you need help with your credit policies and procedures? In a sense, every customer buying from your firm on open terms is, by definition, a debtor.

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Key components of credit risk rating systems

Abrigo

One of the most popular tools to monitor credit risk is a standardized risk rating system. A credit risk rating system provides banks and credit unions the opportunity to grade transactions in their commercial loan portfolio by level of risk. All credit exposures should be rated.

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How Relationship Lending & A Transaction-Oriented Focus Can Win More Business Loans

Abrigo

Personalized Touch with Efficient Service Can Boost Lending Banks and credit unions can boost business lending by combining a relationship focus with transaction-oriented processing. . Takeaway 1 Many banks and credit unions want to win more business loans but will face higher rates and more competitors. PPP Proved Technology.