Gaviti

DECEMBER 18, 2024

These reporting features also help businesses predict trends and make more informed strategic business decisions. Accounts receivable automation software , in contrast, refers to a solution that automates the manual tasks of the accounts receivable processes and optimizes them to improve 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

JANUARY 30, 2024

More About Purchasing Credit Reports Over time, insights gained from this approach can inform risk assessments for new accounts, which you can use to refine your credit risk parameters.

Credit and Collections 130

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

Your Virtual Credit Manager

AUGUST 27, 2024

As we've shifted from a consumer-driven, industrial society to an information-driven, service-oriented economy, a flood of new risks have worked their way into the credit function. Regulatory and compliance risks have surged with the Gramm-Leach-Bliley and Dodd-Frank acts. Be cautious about sharing sensitive information.

Accounts Receivable (AR) 100

Accounts Receivable (AR) Default Credit and Collections Cybersecurity 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

Know-It Global

JUNE 20, 2023

It involves managing credit sales and making informed credit decisions, ensuring timely payment from customers, and minimising bad debt. This guide provides a comprehensive overview of credit control practices and strategies that your business can implement to mitigate credit risk, reduce debtor days and boost cashflow!

Bad Debt 19

Bad Debt Credit and Collections Debt Collections Credit Risk 19

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

Gaviti

JANUARY 8, 2023

For instance, they may find that certain accounts are consistently delinquent or require more follow-up than others. Managers can then use this information to reallocate resources or adapt the communications strategy accordingly. Use Automation Tools. Gaviti easily tracks and reviews these and other metrics via a centralized dashboard.

Credit and Collections 98

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

Eastern Credit Management Services

JULY 21, 2023

Automated data management reduces manual errors, enhances accuracy, and ensures that your debt collection professionals have the necessary information readily available to make informed decisions. Implement industry-standard security protocols and conduct regular compliance audits to protect sensitive information.

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. As such, it is imperative the your company’s credit application asks for all pertinent information and that any anomalies or red or yellow flags are handled with human intervention quickly.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections Cash Applicator 52

Gaviti

FEBRUARY 18, 2024

It’s important to receive regular risk assessments for your customers to verify their creditworthiness and extend credit to them based on their payment history, not out of courtesy. Ideally, customer credit applications should be streamlined to focus on only the most important information to ensure they are quick and accurate.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

Gaviti

FEBRUARY 18, 2024

It’s important to receive regular risk assessments for your customers to verify their creditworthiness and extend credit to them based on their payment history, not out of courtesy. Ideally, customer credit applications should be streamlined to focus on only the most important information to ensure they are quick and accurate.

Credit and Collections 52

Credit and Collections Deductions Collector Payment Portals 52

TreviPay

SEPTEMBER 18, 2024

Enhanced Credit Management Practices: Trade credit insurance strengthens a business’s credit management by allowing more informed decisions on credit terms and customer risk. Companies can confidently extend credit because they protect themselves against non-payment risk. Customer service is another critical factor to consider.

Bad Debt 52

Bad Debt Default Credit and Collections Export Credit 52

Fundera

MAY 12, 2019

You can also use the Payline Gateway to manage multiple merchant accounts, save customer payment information, process large batches of transactions at once (5,000 transactions in as little as 90 minutes), and manage inventory.

Transactions 40

Transactions Nonprofit Organizations Credit Card Payments High-Risk Accounts 40

RevCycle

DECEMBER 19, 2024

As healthcare providers navigate the evolving landscape of medical collections, staying informed about emerging trends and potential regulatory changes is crucial. HIPAA: Cybersecurity Focus: With increasing cyber threats, HIPAA may introduce stricter cybersecurity standards to protect patient health information.

Cybersecurity 180

Cybersecurity Debt Collections High-Risk Accounts 180

Emagia

FEBRUARY 5, 2025

This includes information from your CRM system, payment history, invoices, service tickets, dispute records, and even social media interactions. 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.

AR Automation 40

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

Emagia

MARCH 6, 2025

Cash forecasting plays a critical role in this process, as it helps predict future cash inflows and outflows, allowing businesses to plan for liquidity needs, mitigate risks, and make informed financial decisions. This predictive power enables CFOs to plan for cash flow more effectively and make informed decisions.

Cash Forecasting 40

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

Emagia

FEBRUARY 14, 2025

Customer Self-Service Portals : Enhances customer satisfaction by providing convenient payment options and access to account information. Data-Driven Insights : Access to real-time data and analytics aids in making informed decisions. Here’s how Emagia makes a difference: 1.

Cybersecurity 40

Cybersecurity Transactions High-Risk Accounts Insurance Companies 40