JSP Credit Management

FEBRUARY 3, 2022

As a leader in business to business debt collection services, we’ve been asked to share our insights into the size and scope of the b2b debt collection industry. After the 2008 recession, businesses began to rely less on traditional credit lines and more on factoring and accounts receivables. billion by 2022.

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Debt Collections Collector Credit and Collections Credit Risk 52

Know-It Global

JUNE 14, 2023

Offering trade credit can bring a huge boost to your business! One effective strategy that accomplishes both goals is offering trade credit. This is an arrangement where businesses extend credit to their customers, allowing them to purchase goods or services and pay at a later date.

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk Credit Scoring 52

JSP Credit Management

APRIL 19, 2022

JSP Credit Management's journey so far has taken some unexpected turns in its short lifespan. Don't worry, this is not a "don’t listen to your business plan" blog. This brought us to considering tendering for commercial debt collection contracts for public sector organisations and other larger private organisations.

Debt Collections 52

Debt Collections Credit and Collections Collector Bad Debt 52

Know-It Global

JUNE 28, 2023

In today’s fast-paced and interconnected world, credit control has become a vital aspect of financial management for businesses. Traditionally, credit management involved manual processes and relied heavily on human intervention, which often proved time-consuming and prone to errors.

Credit Scoring 52

Credit Scoring Credit and Collections Bad Debt Credit Management 52

Know-It Global

DECEMBER 20, 2023

A record-breaking year for signups, over £25 million in late payments collected in platform, key hires made, awesome product updates and even a trip down under all squeezed into 1 year. Chris also works with Darcey Quigley & Co our in-app Collect-it partner! This allows users to automate the entire credit control process with ease.

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Credit and Collections Debt Collections Credit Management Credit Risk 105

Know-It Global

JULY 26, 2023

Evaluate and improve your credit terms Begin by assessing your current credit terms and ensure they are reasonable and aligned with industry standards. Consider shortening the credit period, tightening credit limits, or implementing stricter credit approval processes. Struggling for time?

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Electronic Funds Transfer Credit and Collections Debt Collections Bad Debt 98

Know-It Global

FEBRUARY 26, 2024

Know-it’s integration now means Sage 50 users will also be able to automate their complete credit control process with company credit checking and monitoring, automatic payment reminders and chasers, facility to collect overdue invoices, get credit insurance and invoice finance all in one place.

Credit and Collections 52

Credit and Collections Credit Risk Credit Management 52

Know-It Global

APRIL 13, 2023

Debtor days, or as some call days sales outstanding (DSO), is a measure of how long it takes for a company to collect payment from its customers. High debtor days figures suggest that a business takes too long to collect payment. Business credit scores, credit ratings and credit limits are never fixed, they do change.

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Credit and Collections Days Sales Outstanding Credit Scoring DSO 97

Know-It Global

FEBRUARY 7, 2023

Know-it, the all-in-one credit management solution, has today announced a new partnership with Swoop to bring Invoice Finance-it to the cloud-based platform. Our aim is to make credit control more accessible to businesses of all sizes so we can help as many companies as possible get paid quicker and protect their cashflow.

Credit and Collections 98

Credit and Collections Credit Risk Credit Management 98

Onguard

FEBRUARY 23, 2023

Credit risk monitoring is key Non-payment of invoices can cause unnecessary stress in your work. Credit risk monitoring is therefore key to ensuring you get paid. With the help of credit risk management software, you have the correct procedures and policies in place to prevent non-payment.

Third Party Collections 52

Third Party Collections Credit and Collections Credit Risk Credit Management 52

Gaviti

NOVEMBER 16, 2023

The method you choose will depend on a range of factors, including how you define a delinquent account, the level of delinquency, how it impacts your organization, and whether or not it affects your company’s credit report. It extends the time period until a receivable is collected, increasing the risk of negative cash flow.

Credit and Collections 52

Credit and Collections Bad Debt Debt Collections Invoice to Cash 52

JSP Credit Management

SEPTEMBER 23, 2021

When JSP Credit Management was first incorporated, naturally a fair amount of preparatory work had already been done. This has been one of JSP Credit Management’s core mantra’s since starting up. We also learned that one of the most used methods for improving SEO is by writing a blog. Marketing plan?”,

Debt Collections 52

Debt Collections Credit and Collections Bad Debt Credit Management 52

The Red Spectrum

APRIL 12, 2023

Better Credit Management: By offering net 30 payment terms, businesses can better manage their credit as they can delay payment for up to 30 days without negatively impacting their credit score. Software and tools: There are many software tools available to help businesses manage their vendor relationships.

Credit Scoring 98

Credit Scoring Credit and Collections Credit Risk Credit Management 98

Know-It Global

APRIL 19, 2023

This is why following solid credit control processes are so important. Credit control basics you can start implementing today Business credit checking The very first step you should take when accepting a new order is to credit check the company placing the order. Sign up today and get a free business credit report !

Bad Debt 98

Bad Debt Credit and Collections Credit Risk Credit Management 98

JSP Credit Management

SEPTEMBER 28, 2021

We could not think of a more enticing headline to a blog if we tried, so please forgive the clickbait, but this week’s blog is much more than that. One of the other advantages to such a review is that, especially when it comes to debt collection, it is centred around an activity that is high in volume and transactional value.

Credit and Collections 52

Credit and Collections Collector Bad Debt Debt Collections 52

Know-It Global

JUNE 20, 2023

Credit control is a vital aspect of financial management for businesses. It involves managing credit sales and making informed credit decisions, ensuring timely payment from customers, and minimising bad debt. Setting Up Credit Control Processes 1.1 This is where business credit checking comes into play.

Bad Debt 19

Bad Debt Credit and Collections Debt Collections Credit Risk 19

Know-It Global

NOVEMBER 28, 2022

Without it, it would be extremely difficult to keep track of orders you’ve fulfilled and payments you’ve collected. The benefits of company matching for Check-it, Chase-it and Collect-it. Know-it works wonders for your business cashflow by automating the complete credit control process.

Credit and Collections 52

Credit and Collections Credit Risk Credit Scoring Credit Management 52

JSP Credit Management

DECEMBER 14, 2021

One of the numerous benefits of working across different industries in the debt collection industry is that you get to see the wide variety of different payment arrangements that are adopted by different companies, and sometimes entire sectors too. Some of which we have mentioned in previous blogs before – a few times.

Law Firms 52

Law Firms Credit and Collections Debt Collections Credit Risk 52

Know-It Global

APRIL 11, 2023

The credit cycle is so delicate. When a company goes insolvent there’s an extremely high risk of them not being able to repay any outstanding amounts. Effective credit control requires stringent monitoring of your sales ledger, checking on a daily basis and making note of when each invoice is due. Risk free – no win, no fee.

Credit and Collections 52

Credit and Collections Credit Risk Credit Management 52

Abrigo

APRIL 21, 2016

As technology and data collection improve, banks and credit unions are finding ways to use this information to improve their loan decision making and thus improve their asset quality in the long term. A probability of default model (PDM) is a system for objectively quantifying future credit risk.

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Default Credit Unions Credit and Collections Credit Risk 60