Your Virtual Credit Manager

OCTOBER 18, 2022

Share Adapt to the Situation Here’s some guidelines that will help you have an efficient credit review process for all new accounts: Small Credit Limit Required: In most cases, a satisfactory commercial credit score will suffice. For more about the importance of credit applications, click here.

Sales Tax Exemptions 130

Sales Tax Exemptions Credit and Collections Online Credit Application Credit Application 130

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. Conducting reference checks online instead of through paper applications.

B2B Credit 40

B2B Credit Credit Application Digital Credit Application Credit and Collections 40

Your Virtual Credit Manager

JANUARY 9, 2024

Using credit scores, how is risk distributed among each segment? Are the assigned credit limits appropriate for each segment? Once you have segmented for revenue, you can then look at secondary factors. For example: Do any of the segments account for a disproportionate amount of AR balances that are over 60 or 90 days past due?

Credit and Collections 130

Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Gaviti

OCTOBER 27, 2024

You will also need to look at how much time it takes to approve new customers, review credit applications, etc. In addition, the information that is traditionally used to evaluate credit (e.g. credit scores, payment history, etc) is dynamic.

Payment Portals 95

Payment Portals Credit and Collections Average Days Delinquent Cash Forecasting 95

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.

B2B Credit 52

B2B Credit Credit and Collections Credit Application Credit Management 52

Emagia

JUNE 12, 2023

This enables effective credit risk management by limiting loan options to individuals with a specified income level. What is Credit Risk Management Best Practices? What are the Key Components of an Effective Credit Risk Management Strategy? FAQs How is Creditworthiness Assessed?

Credit Risk 52

Credit Risk Credit and Collections Bad Debt Default 52