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

They understood the dynamics that affected their customers and marketplace, as well as the credit controls needed to keep credit risk in check in this environment. They also kept very good records on their customers and their purchases, so there were no issues with transactional visibility.

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

Your Virtual Credit Manager

JUNE 27, 2023

Firms that take a lot of payment deductions can fall into this category. Share The High-Risk Account: Ideally you do not want to extend credit to high risk accounts. It's important to note that not all high-risk accounts are inherently detrimental to a business.

Collector 26

Collector Credit and Collections High-Risk Accounts Accounts Receivable (AR) 26