Bad Debt Is Lurking in Your Accounts Receivables, but Where Is It?
Your Virtual Credit Manager
OCTOBER 3, 2023
The typical course of action on managing bad debt loss is to identify, then focus credit and collection activities on individual customers who are financially weak. These customers pose the highest risk of bad debt loss. This is a classic approach and when executed properly, it can enable a company to satisfactorily manage their credit risk. It should also facilitate maximizing revenue from customers with a higher degree of credit risk.
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