Sales Commissions Impact the Collection Process
Your Virtual Credit Manager
JANUARY 17, 2023
it just might help them pay you sooner!
High-Risk Accounts Related Topics 
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Business Customer Personas: A Collectors Guide
Your Virtual Credit Manager
JUNE 27, 2023
Share The High-Risk Account: Ideally you do not want to extend credit to high risk accounts. You will, however, extend credit to marginal accounts, and from time to time marginal accounts and even lower-risk customers will become high risks.
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Effectively Collecting Receivables Is a Time Management Challenge
Your Virtual Credit Manager
NOVEMBER 1, 2022
In an ongoing Collections environmen t , you will have already contacted the high risk accounts, so your prioritization scheme should be as follows: Accounts previously contacted that have failed to pay as promised. In fact, broken promises should be followed up the day after the payment was expected.
Preparing for 2025: Key Trends & Predictions in Medical Collections
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.
It's Time for a Layered Approach to Collections
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 (..)
Balancing Credit Sales with Profits
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.
Is Your AR Management up to the Task?
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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