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

Your Virtual Credit Manager

JANUARY 17, 2023

Share A Case in Point A parts distributor was having difficulty with collections and high dispute volumes. It is important to keep in mind that trade credit — selling on terms in a B2B environment — is greatly affected by the transactional process. 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

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.

Bad Debt 52

Bad Debt Default Credit and Collections Collector 52

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. High risk customers shouldn’t be granted credit. That’s the bottom line.

Bad Debt 100

Bad Debt Credit and Collections Default Small Businesses 100

Your Virtual Credit Manager

JUNE 27, 2023

Share The High-Risk Account: Ideally you do not want to extend credit to high risk accounts. This persona may exhibit characteristics such as a history of defaults, financial instability, industry volatility, or a poor credit rating. it just might help them pay you sooner!

Collector 26

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

Know-It Global

JUNE 20, 2023

Similarly, suppliers can evaluate the risk of late payments or default, allowing them to set appropriate credit terms. By verifying the financial standing of companies before engaging in any transactions, you can mitigate the risk of working with fraudulent or unreliable entities. Get a free business credit report!

Bad Debt 19

Bad Debt Credit and Collections Debt Collections Credit Risk 19