Your Virtual Credit Manager

JANUARY 17, 2023

There was a lot of gnashing of teeth on the part of the sales team at the beginning, but invoice accuracy improved in each subsequent month as sales began transmitting accurate pricing and terms to order processing, thereby reducing downstream disputes and payment deductions. it just might help them pay you sooner!

Credit and Collections 246

Credit and Collections Accounts Receivable (AR) Days Sales Outstanding Past Due Invoices 246

Your Virtual Credit Manager

SEPTEMBER 17, 2024

Solutions exist for credit application processing, collections, payment deduction resolution, and remittance processing, all of which can create more time that can be used to increase your collection efforts.

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

TreviPay

SEPTEMBER 18, 2024

Deductibles: Some policies include deductibles, meaning the business must absorb part of the loss before the insurer covers the remainder. Policy Coverage and Limits Trade credit insurance typically covers non-payment because of buyer insolvency, protracted default and sometimes political risks.

Bad Debt 52

Bad Debt Default Credit and Collections Collector 52

Gaviti

FEBRUARY 18, 2024

Streamline the process for managing disputes and deductions. Prioritize collections based on important data the platform gathers and centralizes to focus on high-value and high-risk accounts so that you can optimize your collections efforts as a team. Dispute Management and Deductions.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

Gaviti

FEBRUARY 18, 2024

Streamline the process for managing disputes and deductions. Prioritize collections based on important data the platform gathers and centralizes to focus on high-value and high-risk accounts so that you can optimize your collections efforts as a team. Dispute Management and Deductions.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

Your Virtual Credit Manager

NOVEMBER 14, 2023

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. Insurers want to be paid for the risk they bear.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

APRIL 11, 2023

Poor Credit Controls: Poor credit control practices can result in providing goods or services to high-risk accounts that are likely to pay beyond terms or even default on payments. If they don’t pass muster for open credit terms, there are still other options for securing or insuring payment.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Days Sales Outstanding 130