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Due Diligence Doesn't End with the Credit Application

Your Virtual Credit Manager

Consequently, the credit manager was able to purchase credit insurance on his customer, and was therefore able to continue approving credit sales, within limits, to the chain store customer. On the assumption this will be done manually, this follows the same schedule as your periodic Account Reviews.

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Don't Leave Converting Sales into Cash to Chance

Your Virtual Credit Manager

If your sales are consummated via payment at the point of sale, which may involve “pay with order” or “pay on delivery” protocols involving a credit card or an online e-payment product, managing Accounts Receivable (AR) will not be big issue for you.

DSO 130
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Are There Hidden Risks in Your AR Portfolio?

Your Virtual Credit Manager

Portfolio Monitoring , therefore, encompasses the Account Review Process by also incorporating the identification of red-flags (such as changing payment patterns) and other circumstances that trigger an Account Review. This follows the same schedule as your periodic Account Reviews on the assumption this will be done manually.