Remove Credit Sales Remove Default Remove High-Risk Accounts
article thumbnail

Balancing Credit Sales with Profits

Your Virtual Credit Manager

Purchasing Credit Insurance, however, will only reduce the risk problem if: The policy covers the financially weak, higher risk customers. Credit Insurance policies often exclude individual, high risk accounts. Insurers want to be paid for the risk they bear. The policy cost is acceptable.

article thumbnail

Complete Guide To Credit Control For Business

Know-It Global

Credit control is a vital aspect of financial management for businesses. It involves managing credit sales and making informed credit decisions, ensuring timely payment from customers, and minimising bad debt. Financial Health Evaluation: Business credit reports provide a snapshot of a company’s financial health.