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Due Diligence Doesn't End with the Credit Application

Your Virtual Credit Manager

Learn More About YVCM Consulting Case Study: Portfolio Monitoring Pays Off Big-Time About 25 years ago, a credit manager I know saved his company from a seven-figure bad debt loss by monitoring the Internet on his biggest customers. request for substantially more credit, change in leadership, merger or acquisitions, etc.).

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How to Incorporate Credit Risk Management in Business

Credit Management Group UK

Some may find the thought of managing financial risk daunting, but it should be straight forward. The decision making process for granting a potential customer credit should be made up of a jigsaw of several different types of information, rather than relying on one method only.

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Are There Hidden Risks in Your AR Portfolio?

Your Virtual Credit Manager

Economic circumstances may prompt a vendor to either tighten or loosen its credit policies and customer credit limits. Going beyond the impact of macroeconomic trends, a company’s customers operate in dynamic business environments, and for a majority of them, the credit risk they pose is either increasing or decreasing.

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What is Credit Risk Management: Principles, Examples, and Best Practices

Emagia

Credit risk management plays a critical role in the financial health and stability of businesses across industries. It involves identifying, assessing, and mitigating the potential risks associated with extending credit to customers or counterparties. What is Credit Risk Management?

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Demystifying Customer Credit-Worthiness

Your Virtual Credit Manager

Using objective criteria, it is relatively easy to determine which companies are worthy of open credit terms and which are not. There is a challenge, however, with the 20 to 30 percent of credit decisions that fall in between. The question you need to answer is: should credit policy be liberal or conservative?

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Why is B2B Credit Automation Critical in The Digital Era?

Emagia

Granting credit is an important tool for attracting and retaining customers. However, it is crucial for businesses to perform a credit check on the customers before extending credit, to avoid loss of revenue by way of bad debts. Digital signature in place of a manual signature on a paper application.