Your Virtual Credit Manager

AUGUST 27, 2024

Just 25 years ago, credit executives were primarily concerned with financial risks — except of course for the Y2K bug that briefly stole the spotlight. Back then, the main question was simple: will this account pay us? Delinquency risk and the risk of default were the primary focus. Something to Think About.

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Accounts Receivable (AR) Credit and Collections Default Cybersecurity 100

TreviPay

SEPTEMBER 18, 2024

Trade credit insurance has become a vital tool for businesses looking to protect themselves from the risk of non-payment by customers. This type of insurance acts as a safety net, covering unpaid invoices when clients default or face financial difficulties. Higher-risk customers or industries lead to higher premiums.

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Bad Debt Default Credit and Collections Collector 52

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.

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

Know-It Global

JUNE 20, 2023

Similarly, suppliers can evaluate the risk of late payments or default, allowing them to set appropriate credit terms. In the event your payment becomes overdue you should have a series of payment chasers ready to send depending on how overdue the invoice is.

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