Your Virtual Credit Manager

FEBRUARY 18, 2025

Seldom is a poor decision made when there is ample information. One of the biggest challenges for any credit function is making a valid decision when information is lacking. That’s why standard procedure calls for gathering additional credit information until a comfortable decision can be made.

Credit Application 130

Credit Application Credit and Collections Bad Debt High-Risk Accounts 130

Your Virtual Credit Manager

DECEMBER 31, 2024

While emails are often used, phone calls can be more effective, especially for high-risk accounts. For more information on this subject, please click on this link. The most common fraud schemes include Business Email Compromise, changes to supplier information, and account takeovers.

Collector 130

Collector Credit and Collections Bad Debt High-Risk Accounts 130

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.

Accounts Receivable (AR) 100

Accounts Receivable (AR) Default Credit and Collections Cybersecurity 100

Emagia

FEBRUARY 22, 2025

They assign actions according to available resources, ensuring that high-risk accounts receive immediate attention. In-App Outbound Call Assistance Integrated AI tools generate talking points for outbound calls, retrieve relevant customer contact information, transcribe conversations, and draft follow-up communications.

Bad Debt 40

Bad Debt High-Risk Accounts Transactions Collections Automation 40

Your Virtual Credit Manager

NOVEMBER 1, 2022

The key factors informing your prioritization scheme are: The amount of the past due accounts receivable (AR) The age of the past due AR (e.g, When cash flow is critical, you may even want to reach out to key customer or high risk accounts about a week before payment is due. 15 days or 120 days?)

Past Due Invoices 130

Past Due Invoices Credit and Collections Bad Debt Accounts Receivable (AR) 130

Your Virtual Credit Manager

MAY 16, 2023

By avoiding the following common traps, or myths if you will, businesses can minimize the risk of non-payment or default and make better informed decisions about extending credit to other businesses that will boost sales and profits. In fact, most credit reports have a limited amount of information about their subject.

Bad Debt 100

Bad Debt Credit and Collections Default Small Businesses 100

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. The policy cost is acceptable.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130