Credit Research Foundation
JANUARY 11, 2024
Transforming your credit application process through digitization not only enhances credit extension capabilities but also significantly elevates the overall customer experience. Evaluating Your Current Processes: To begin, take a critical look at your existing credit application processes.
Your Virtual Credit Manager
JANUARY 23, 2024
Furthermore, new businesses and small businesses tend to have high failure rates, and there is good reason to believe a wave of defaults is coming. If the European parent company defaulted, the North American subsidiary would be pulled into bankruptcy even though its operations were profitable.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Credit Research Foundation
APRIL 12, 2024
Risk Mitigation – A seldom noted but important point is that a properly implemented program can reduce your risk of slow payment, fraud, and default within your portfolio. A properly implemented credit card program is becoming an essential tool in the payment process for organizations both large and small.
Your Virtual Credit Manager
MARCH 26, 2024
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. If the European parent company defaulted, the North American subsidiary would be pulled into bankruptcy even though its operations were profitable.
Your Virtual Credit Manager
FEBRUARY 13, 2024
This prediction, although bold, is corroborated by the broader economic data, including escalating corporate bankruptcies, tightening loan standards by banks, and the surge in delinquent debt balances and consumer debt. You may also want to tighten your credit hold parameters at this time. Obtain Quotes on Credit Insurance.
Eastern Credit Management Services
NOVEMBER 13, 2019
You can do this quite effectively by having a detailed credit application, I’m so much of a proponent of this that I wrote a whole blog dedicated to creating one. A detailed credit application does two things, it informs your customer of the terms and conditions of the credit you extend.
Your Virtual Credit Manager
SEPTEMBER 12, 2023
Processing Delays There are several AR activities that often take longer than they should and therefore cause delays: processing credit applications, approving orders, generating invoices, and posting payments. When unobserved risks build up in your AR, the impact will be slower payments and defaults leading to bad debts.
Expert insights. Personalized for you.
195 
Let's personalize your content