Abrigo

DECEMBER 31, 2019

Those priorities are apparent in the most popular Abrigo lending and credit blog posts for the year. Articles focused on improving loan pricing, creating a better experience for borrowers, and developing risk ratings customized for the institution were among the most-viewed throughout the year. Credit Risk.

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Credit Risk Credit Unions Small Businesses 60

Cpcmcredit Blog

NOVEMBER 7, 2023

the article blames “Brexit” and government policy. As some of you will know, im a pretty avid cycler and have been for over 15 years, well before the current “mamil” craze and of course the boom in cycling through lockdown. This lockdown boom is over, as illustrated in this piece in the Observer.

Credit Risk 52

Credit Risk 52

Actico

SEPTEMBER 13, 2021

In the blog article, we show which elements in the credit risk process are suitable for this. Lending in banks offers numerous opportunities to digitize and fully or partially automate manual processes.

Credit Risk 52

Credit Risk 52

Abrigo

MAY 19, 2016

Monitoring credit risk management, interest rate risk and banks’ ability to stress test loans affected by low oil prices are among the priorities for supervisors at the Office of the Comptroller of the Currency (OCC) these days, according to the agency’s recent mid-year status report on its operating plan.

Credit Risk 60

Credit Risk Cybersecurity 60

Abrigo

FEBRUARY 9, 2015

One of the most popular tools to monitor credit risk is a standardized risk rating system. A credit risk rating system provides banks and credit unions the opportunity to grade transactions in their commercial loan portfolio by level of risk. All credit exposures should be rated.

Credit Risk 60

Credit Risk Credit Unions Transactions 60

Pactola

DECEMBER 7, 2020

For over 30 years, the regulators have advocated, or required, an independent validation of credit risk. And finally: Is it risk based? This article identifies common misconceptions and deficiencies in CRR functions that we’ve evaluated in our roles as former regulators, bankers, or as independent consultants.

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Credit Risk Transactions 40

Your Virtual Credit Manager

NOVEMBER 14, 2023

Selling only to financially strong customers reduces the risk of bad debt loss, (and the cost of Credit and Collections activity required). Most companies, however, need incremental sales volume from higher-credit-risk customers to break even and achieve profitability. it just might help them pay you sooner!

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Credit Sales Bad Debt Credit and Collections Credit Risk 130

Abrigo

AUGUST 2, 2023

CRE credit risk is in the spotlight A structured approach to assessing commercial real estate risk helps banks and credit unions address inquiries about the health of CRE loans. Executives should be prepared to discuss credit risk stress testing outcomes and their impact on risk management decisions.

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CECL Credit Risk Credit Unions 78

Your Virtual Credit Manager

DECEMBER 5, 2023

Share Differentiating Your Customers The two most important customer account characteristics that will foreshadow the Collection Strategy you should pursue are: The size of their AR balance Their credit risk profile As a rule, customers that owe you larger amounts of past due AR should receive more and earlier attention than customers who owe less.

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Credit and Collections Accounts Receivable (AR) Third Party Collections Credit Risk 130

Abrigo

OCTOBER 17, 2023

Supervisory priorities Banking examiners to focus on managing change As banks and credit unions face an ever-evolving landscape that requires adaptability and innovation, they would be wise to take stock of their change management processes. This article describes recent comments by financial regulators about managing change.

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Credit Unions CECL Credit Risk Dashboards 78

Abrigo

MAY 19, 2023

You might also like this webinar, "Return to basics: Asking the right credit risk questions." Introduction A few good men and women In previous articles, we have explored the objectives of a loan review and credit risk review system in general.

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Credit Risk Credit Unions Revenue Recognition Default 78

Abrigo

MAY 27, 2022

What Makes a Successful Credit Manager Focusing on these traits can only help you become a better credit manager at your financial institution. Would you like other articles on loan review in your inbox? 5 Traits of the Ideal Credit Manager. Credit Analysis Training. Credit Risk Management.

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Credit Management Credit Risk 78

Your Virtual Credit Manager

FEBRUARY 28, 2023

Your Virtual Credit Manager (YVCM) previously published an article discussing the pros and cons of Prompt Payment Discounts. It will reduce your Accounts Receivable (AR) balance and the associated elevated credit risk inherent in a larger AR. If not paid by the discount date, the full amount is due in 30 days.

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Bad Debt Accounts Receivable (AR) Credit Risk Bankruptcy 130

Your Virtual Credit Manager

MARCH 12, 2024

Photo by David Gardiner on Unsplash ) Updating trade credit programs goes beyond defensive measures; it should also align with growth strategies, lower operational costs, and enhance the customer experience. More About Purchasing Credit Reports Please feel free to share this newsletter with your small business customers.

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AR Transformation Credit and Collections Accounts Receivable (AR) Order to Cash 100

Your Virtual Credit Manager

JANUARY 2, 2024

If collections are not done properly and in an adequate frequency , your AR will age, cash flow will decrease, and the risk of bad debt loss will increase. Photo by Kai Pilger on Unsplash ) We have written several articles on collections, which you can find in our archive. To learn more, you will need to be a paid subscriber.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Credit Management 130

Abrigo

DECEMBER 1, 2021

Would you like other articles like this in your inbox? This article is substantially updated from a 2013 blog post. There will always be risks inherent in loan portfolios, and effective portfolio management and loan control functions are critical to the overall risk management function of banks and credit unions.

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Credit Risk Credit Unions 78

Abrigo

SEPTEMBER 5, 2023

When and how to cite credit exceptions A policy on credit exceptions can address many factors that can lead financial institutions to diverge from loan policy and miss signs of potential trouble. You might also like these on-demand webinars on tackling common credit risk questions. Talk to a specialist to learn more.

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Credit Risk CECL Credit Unions Transactions 78

Your Virtual Credit Manager

AUGUST 22, 2023

After September, free subscribers will only have access to a portion of the weekly article. Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. Here’s more on setting credit limits.

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Credit and Collections Bad Debt Credit Risk Bankruptcy 130

Know-It Global

FEBRUARY 26, 2024

Integrations with the likes of Creditsafe , Companies House , The Gazette , Unsecured Creditor Claims, Darcey Quigley & Co , Xero , Sage Business Cloud , QuickBooks , FreeAgent and now Sage 50 , Know-it brings unparalleled data insights that allows businesses to mitigate credit risk, reduce debtor days and boost cashflow through automation.

Credit and Collections 52

Credit and Collections Credit Risk Credit Management 52

Your Virtual Credit Manager

SEPTEMBER 19, 2023

Starting in October, free subscribers will only receive the introductory section of our weekly articles. Plus, you will get full access to our growing archive of over 100 articles! Raise Their Prices: When you have a high credit risk customer, you should be charging them the highest price possible. Offer ends 9/30/23.

Credit and Collections 130

Credit and Collections Bad Debt Default Credit Risk 130

Abrigo

MARCH 13, 2024

How to respond to CRE loan distress Use these tips for banks and credit unions to identify and handle commercial real estate loans that are showing signs of being problem CRE credits. Would you like other articles like this in your inbox? Learn how Heritage Bank cut days off its processes. Want to learn more?

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Credit Unions CECL Default Credit Risk 88

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. Takeaway 3 Banking intelligence that's purpose-built for banks and credit unions combines analytics and intuititve dashboards.

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Credit Unions CECL Credit Risk Dashboards 78

Know-It Global

MAY 8, 2023

As a business owner, it’s essential to understand and manage credit risk to maintain a healthy cash flow and avoid financial losses. Credit risk is the potential for a borrower to fail to repay a loan or credit extended to them. The good news is you can avoid these issues. Did you know? Worldwide coverage.

Bad Debt 52

Bad Debt Credit and Collections Credit Risk Default 52

Abrigo

AUGUST 29, 2022

E-signature capabilities benefit both customers and staff Banks and credit unions that leverage electronic signature capabilities reap the benefits of a more efficient lending process. Would you like other articles like this in your inbox? Lending & Credit Risk. How to implement consistent credit risk pricing.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections 78

Your Virtual Credit Manager

JANUARY 23, 2024

There will only be a minimal loss if a small volume account defaults, so the higher the sales volume and credit risk (and remember that new businesses pose a higher risk), the more frequently you should be reviewing those accounts. There is a sequel to the case study referenced at the beginning of this article.

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Credit Application Bad Debt Bankruptcy Credit Scoring 130

Abrigo

AUGUST 28, 2022

Leveraging the efficiencies gained from lending software Banks and credit unions that leverage an integrated lending and credit platform reap the benefits of a consistent, efficient and defensible lending program. Would you like other articles like this in your inbox? Lending and Credit Software. Ag Lending. Learn More.

Credit Unions 78

Credit Unions Credit Risk Default 78

Abrigo

FEBRUARY 23, 2022

Would you like other articles like this in your inbox? Takeaway 2 Loan decisioning allows institutions to efficiently allocate credit analysts’ time for profitable small business lending. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Portfolio Risk & CECL.

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78

Your Virtual Credit Manager

JANUARY 3, 2023

Photo by DESIGNECOLOGIST on Unsplash Editor’s Note: To start off the New Year, we’re bringing back three of the most popular YVCM articles from 2023. We’ve condensed the articles to save you time, but have also provided links to the originals should you want to take a deeper dive. Update your customer master file.

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AR Automation Collector Credit and Collections Bad Debt 130

Abrigo

JANUARY 11, 2022

Financial institution leaders and management should consider ALM as a process for making institutions more profitable and more effective at managing risk simultaneously. This initial ALM 101 article is intended for the ALM rookie who wants to understand ALM basics: the process and its usefulness. Lending & Credit Risk.

Credit Unions 78

Credit Unions Credit and Collections Credit Risk Default 78

Know-It Global

AUGUST 7, 2023

With Know-it’s extensive integrations, including Creditsafe, Companies House, The Gazette, Unsecured Creditor Claims, Darcey Quigley & Co, Xero, Sage, QuickBooks , and FreeAgent, businesses can mitigate credit risk, reduce debtor days, and increase cash flow through automation through unparalleled data insights.

Credit and Collections 52

Credit and Collections Credit Risk Credit Management 52

Your Virtual Credit Manager

MARCH 14, 2023

Here’s an article on overcoming collection excuses. If you let invoices go until they reach 60 days past due or longer, you will also, in many instances, compound your problems by processing additional orders to customers that should have been identified during the interim as bad credit risks.

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Collector Past Due Invoices Bad Debt Credit and Collections 189

Know-It Global

MAY 8, 2023

As a business owner, it’s essential to understand and manage credit risk to maintain a healthy cash flow and avoid financial losses. Credit risk is the potential for a borrower to fail to repay a loan or credit extended to them. The good news is you can avoid these issues. Did you know? Worldwide coverage.

Bad Debt 52

Bad Debt Credit and Collections Credit Risk Default 52

Abrigo

SEPTEMBER 20, 2023

Would you like other articles like this in your inbox? Understanding tax ID fraud FinCrime professionals looking to prevent tax ID fraud, first need to understand the fundamentals of what is happening and their best recourse for prevention.

CECL 78

CECL Credit Risk Transactions 78

Know-It Global

JULY 19, 2023

In this article, we will explore what a cashflow forecast is and how businesses can utilise it to make informed decisions. Now businesses can credit check and monitor companies , automatically send payment reminders and chasers , collect overdue invoices and more, all in one cloud-based platform! What is a Cashflow Forecast?

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Credit and Collections Credit Risk 98

Know-It Global

JUNE 22, 2023

ONE OF Scotland’s fastest growing fintechs, Know-It, has unveiled a new service in its cloud-based credit management platform designed to revolutionise the accounting industry. The post Scottish fintech launches credit management platform to support business community appeared first on Know-it. How to schedule a Demo?

Credit Management 52

Credit Management Credit and Collections Bankruptcy Credit Risk 52

Know-It Global

DECEMBER 20, 2023

May We H-it London For Accountex We had a great time talking to new and existing clients whilst showing new audiences how Know-it helps businesses mitigate credit risk, reduce debtor days and boost cashflow! We are excited to be heading back to Accountex in May 2024 to exhibit at an even bigger stand! See-it here.

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Credit and Collections Debt Collections Credit Management Credit Risk 105

Your Virtual Credit Manager

DECEMBER 26, 2023

In our case, we found our readers had an affinity for articles on identifying collection risks and the best ways of dealing with past due balances. Photo by Kelly Sikkema on Unsplash ) We are therefore providing you with an overview of three very popular articles along with links to the originals.

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Collector Credit and Collections Default Third Party Collections 130