Emagia

FEBRUARY 22, 2025

They assign actions according to available resources, ensuring that high-risk accounts receive immediate attention. They prioritize high-risk accounts, generate automated reminders, and streamline dispute resolution, leading to faster collections and better cash flow management.

Bad Debt 40

Bad Debt High-Risk Accounts Transactions Collections Automation 40

Your Virtual Credit Manager

JANUARY 30, 2024

Further Applications and Continuous Improvement To maximize the benefits of this zero-tolerance collection strategy, consider: Further tailoring your collection strategies for consistent but slow-paying, lower-risk, larger-dollar accounts — since the risk of non-payment is minimal a collection strategy with a soft initial reminder followed by (..)

Credit and Collections 130

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

Emagia

JANUARY 2, 2025

For example, AI can flag high-risk accounts, giving the AR team the information they need to prioritize collections. Predictive Analytics for Payment Behavior By analyzing historical payment data, AI can predict which invoices are likely to be paid late, allowing businesses to take proactive measures.

Accounts Receivable (AR) 40

Accounts Receivable (AR) Invoice Collections Cash Applicator Automated Cash Application 40

Gaviti

DECEMBER 18, 2024

As a result, your accounts receivable reporting software offers a number of specific benefits, including: Better cash flow management. Having the most accurate customer data at your fingertips allow you to identify high-risk accounts and prioritize your collection efforts to optimize cash flow. Greater A/R efficiency.

Collection Effectiveness Index 52

Collection Effectiveness Index DSO Credit and Collections Invoice to Cash 52

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

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.

Bad Debt 130

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

Your Virtual Credit Manager

SEPTEMBER 17, 2024

Focus on High-Impact Accounts to Maximize Cash Flow Segment Customers: Prioritize high-value and high-risk accounts, as collecting faster from these customers will have the most significant impact on cash flow.

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Your Virtual Credit Manager

AUGUST 27, 2024

Ranking accounts by risk across your entire AR portfolio helps you see where each account stands relative to others and to industry norms. This ranking helps you analyze your dollar exposure for low, medium, and high-risk accounts, providing insights into whether your AR portfolio’s risk level is increasing or stabilizing.

Accounts Receivable (AR) 100

Accounts Receivable (AR) Default Credit and Collections Cybersecurity 100

Gaviti

JANUARY 8, 2023

It also provides task prioritization tools that make it easy to identify, flag and track high-risk accounts. Gaviti easily tracks and reviews these and other metrics via a centralized dashboard. Book a demo today to see how it works.

Credit and Collections 98

Credit and Collections Days Sales Outstanding DSO High-Risk Accounts 98

Your Virtual Credit Manager

MAY 16, 2023

High risk customers shouldn’t be granted credit. The truth of the matt er is there are times you should give credit to high risk accounts and ways to mitigate those risks. If your gross margins are high enough, you may want to put a cap on the cumulative credit you will grant to high risk customers.

Bad Debt 100

Bad Debt Credit and Collections Default Small Businesses 100

Know-It Global

JUNE 20, 2023

This will allow you to identify high-risk accounts and take proactive measures to mitigate potential losses. With this in mind it’s worth conducting periodic credit reviews to reassess customers’ creditworthiness. Adjust credit limits and terms based on customer payment history and financial stability.

Bad Debt 19

Bad Debt Credit and Collections Debt Collections Credit Risk 19

Eastern Credit Management Services

JULY 21, 2023

Analyze customer profiles, payment patterns, and economic indicators to identify high-risk accounts and prioritize your collection efforts effectively. Harness the Power of Data Analytics: When leveraging technology to your advantage, you can gain valuable insights from data analytics.

Debt Collections 52

Debt Collections Credit and Collections High-Risk Accounts Credit Management 52

Emagia

NOVEMBER 21, 2023

This enables companies to focus their collection efforts more effectively and prioritize high-risk accounts. AI-powered algorithms can analyze historical data, customer behavior, industry trends, and payment patterns to predict which customers are more likely to delay payments.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Cash Applicator 52

Gaviti

FEBRUARY 18, 2024

Prioritize collections based on important data the platform gathers and centralizes to focus on high-value and high-risk accounts so that you can optimize your collections efforts as a team. These components include: A/R management.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

Gaviti

FEBRUARY 18, 2024

Prioritize collections based on important data the platform gathers and centralizes to focus on high-value and high-risk accounts so that you can optimize your collections efforts as a team. These components include: A/R management.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

TreviPay

SEPTEMBER 18, 2024

Some insurers focus on export credit insurance, a policy that safeguards a business’s accounts receivable from the danger of non-payment by overseas buyers. Choosing an insurance that considers whether you operate locally or globally or require protection for a wide customer base or certain high-risk accounts, is significant.

Bad Debt 52

Bad Debt Default Credit and Collections Export Credit 52

Fundera

MAY 12, 2019

The service has shockingly high marks across all the major review websites, and all customer complaints filed against Payline Data on Better Business Bureau have been resolved. It would also be nice if merchants could acquire point of sale software or hardware through Payline, as this would make them a one-stop-shop for merchant services.

Transactions 40

Transactions Nonprofit Organizations Credit Card Payments High-Risk Accounts 40

RevCycle

DECEMBER 19, 2024

Accelerated debt resolution: AI-driven analytics can identify high-risk accounts and prioritize collections efforts. Key benefits of AI-powered tools include: Enhanced patient engagement: Personalized communication channels and timely reminders can improve patient satisfaction.

Cybersecurity 180

Cybersecurity Debt Collections High-Risk Accounts 180

Bectran

MARCH 5, 2025

Risk Segmentation Model With a standardized risk scoring system in place, the next step is to understand the results delivered and the differences between accounts that pose a high risk of default and those that pose a low risk.

Bad Debt 52

Bad Debt High-Risk Accounts Credit and Collections Default 52

Emagia

FEBRUARY 5, 2025

By understanding customers’ payment tendencies, AR teams can prioritize high-risk accounts and follow up proactively, ensuring timely payments and reducing the chances of overdue balances. This level of insight helps you fine-tune your cash flow forecasts, which is essential for maintaining operational stability.

AR Automation 40

AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 40

Emagia

MARCH 6, 2025

By understanding when large payments are due or when customers are likely to delay payments, CFOs can take proactive measures to mitigate risks, such as adjusting payment terms or focusing on high-risk accounts.

Cash Forecasting 40

Cash Forecasting Credit and Collections Accounts Receivable (AR) Days Sales Outstanding 40

Emagia

FEBRUARY 14, 2025

Prioritization of Collection Efforts: Using analytics to focus on high-risk accounts and optimize collection strategies. Collections Management Automated Dunning Processes: Implementing systematic follow-ups for overdue invoices through automated reminders.

Days Sales Outstanding 40

Days Sales Outstanding DSO Credit and Collections Cash Applicator 40

Emagia

FEBRUARY 14, 2025

AI-Driven Collections Management Emagia leverages artificial intelligence to prioritize collection activities, ensuring that high-risk accounts receive immediate attention. Here’s how Emagia makes a difference: 1. This strategic approach enhances recovery rates and optimizes resource allocation.

Cybersecurity 40

Cybersecurity Transactions High-Risk Accounts Insurance Companies 40