Your Virtual Credit Manager

APRIL 16, 2024

Ensuring Successful Debt Collections Even with these headwinds, there are steps trade creditors can take to improve their collections game: Be Proactive: It starts with a comprehensive credit application and vetting process and is complemented with clear communications about terms, the billing process, and the expectation of on-time payments.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Debt Collections Credit and Collections Collector 130

Credit Management Group UK

MARCH 4, 2024

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. Credit Checks Does your customer have the ability to pay you when all is said and done?

Credit Risk 93

Credit Risk Bad Debt Credit and Collections Credit Application 93

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. Poor Credit Management' We’ve already talked about how poor credit decisions can impact sales and collections.

Credit and Collections 130

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

Your Virtual Credit Manager

FEBRUARY 13, 2024

Here’s a primer on credit insurance. Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. Can you process new customer credit applications online? Solidify Your Remote Work Capabilities.

Bankruptcy 130

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

Your Virtual Credit Manager

FEBRUARY 6, 2024

As a small business owner or executive, managing accounts receivable (AR) and navigating through various credit decisions is an integral part of the job. After all, credit and collections is essential to the performance of your order-to-cash (O2C) process and cash conversion cycle. More About Purchasing Credit Reports 5.

Credit and Collections 130

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

Emagia

FEBRUARY 2, 2024

OTC, the main cash flow driver, has many subsets within it, and credit management is more important than it looks on the surface. This calls for a robust credit management system in place. What is B2B Credit Automation For The Digital Era? Most ERPs can automate only a small portion of credit control operations.

B2B Credit 52

B2B Credit Credit and Collections Credit Application Credit Management 52

Your Virtual Credit Manager

JANUARY 9, 2024

Then last week we looked at credit hold best practices. From a credit management perspective, these are largely reactive topics. In fact, once you decide to sell a customer on open credit, most of the accounts receivable (AR) management tasks that follow have a reactive component. There is nothing wrong with that.

Credit and Collections 130

Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Your Virtual Credit Manager

MARCH 19, 2024

To continue reading and learn about eleven events or circumstances that should trigger a collection response, in addition to when a customer goes past due, you need to be a paid subscriber to Your Virtual Credit Manager. The experts at Your Virtual Credit Manager can help you bring in the cash.

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Accounts Receivable (AR) 100

Your Virtual Credit Manager

MARCH 28, 2023

The question you need to answer is: should credit policy be liberal or conservative? Credit Applications and Credit Reports The primary sources of information for you credit evaluation will be found in the customer’s credit application and a credit bureau report.

Credit Scoring 130

Credit Scoring Credit Application Bad Debt Credit Risk 130

Your Virtual Credit Manager

DECEMBER 27, 2022

Subscribe now Sources of Business Credit Information Assessing a firm’s creditworthiness in light of each of these eight factors requires specific information. Here are the five primary information sources used to evaluate an accounts credit risk. Click here for more information about credit applications.

Credit Scoring 130

Credit Scoring Credit and Collections Accounts Receivable (AR) Bankruptcy 130

Gaviti

OCTOBER 23, 2023

A business credit score is a rating whose goal is to demonstrate how financially responsible a business is as well as its potential for profitability. The number and type of credit applications, payment history, history of debt, company structure and personal credit score of the founders or owners all affect a business credit score.

Credit Scoring 97

Credit Scoring Credit and Collections Credit Application Bankruptcy 97

Your Virtual Credit Manager

DECEMBER 6, 2022

At a very basic level, you should always have new customers complete a credit application, including bank and vendor (trade) references, and sign a credit agreement ( for an article about credit appications click here ). Buy Credit Reports In regard to collections, a well defined process is imperative.

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

Your Virtual Credit Manager

JANUARY 16, 2024

The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. Who to contact should be information requested on your credit application. What do you need help doing?

Debt Collections 130

Debt Collections Collector Credit and Collections Bad Debt 130

Credit Management Group UK

JULY 11, 2023

Don’t give all customers the same credit terms or limit; some customers will be higher risk than others so should have a lower credit limit and shorter payment terms to reduce risk Ensure the risk to your business is kept to a minimum by determining credit terms and limits appropriate to the risk that a customer poses to your business.

Credit and Collections 83

Credit and Collections Credit Application Credit Management 83

Your Virtual Credit Manager

NOVEMBER 29, 2022

Your credit application should include all this information. A recent credit bureau report is also helpful in this regard. Your Virtual Credit Manager now offers reasonably priced business credit reports through Accredit, a leading reseller of credit bureau reports.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Collector Default 130

Emagia

MAY 1, 2024

According to Schmidt, typical credit managers spend three and a half to four hours per day responding to emails. Routing of emails can also be managed by AI. A third interesting use focuses on more sophisticated credit applications and collections processes.

Order to Cash 52

Order to Cash Cash Forecasting Credit and Collections Shared Service Center 52

Your Virtual Credit Manager

JANUARY 3, 2023

Email us to learn how the experts at Your Virtual Credit Manager can help you clean up your AR Ledger and increase cash flow by improving your Collection Process. Credit Analysis and Portfolio Monitoring Software: These solutions are for managing risk after the initial order has been approved.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

AUGUST 8, 2023

For more on credit agreements and the new customer credit application process, check out this post. Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. More About Purchasing Credit Reports 3.

Credit and Collections 100

Credit and Collections Third Party Collections Bad Debt Credit Management 100

Your Virtual Credit Manager

JULY 18, 2023

often will provide a substantial amount of payment and other financial information, enable you to establish a credit account for a customer, and be confident that they will pay reasonably well. If you can’t justify a small credit limit, make them pay by credit card or in advance.

Credit and Collections 130

Credit and Collections Credit Scoring Credit Management Credit Application 130

MNS Credit Management Group

MAY 20, 2022

The company’s creditworthiness is assessed in the Credit Opinion Report, which includes three elements: the MNS Business Information Report Rating, the probability of insolvency, and the recommended credit limit. What Distinguishes Mns Credit Management Group’s Credit Score From That Of Other Credit Bureaus?

Credit Scoring 52

Credit Scoring Credit Application Default Credit Management 52

Emagia

NOVEMBER 21, 2023

AI can help decrease DSO by improving collections and credit management processes. With sophisticated algorithms utilizing external and internal data, AI can detect when to raise or lower credit limits or put a red flag on a request. However, some accounts will need human intention, of course.

Days Sales Outstanding 52

Days Sales Outstanding DSO Credit and Collections B2B Credit 52

Priority Credit Management Corporation

NOVEMBER 19, 2020

Credit applications. Further, while all forms of back-up are helpful, probably the most important document a business can provide is the credit agreement. Further, while all forms of back-up are helpful, probably the most important document a business can provide is the credit agreement. Think more IS more. Statements.

Credit and Collections 52

Credit and Collections Credit Application Credit Management 52

Gaviti

DECEMBER 12, 2023

How Gaviti Helps Improve Your Cash Conversion Cycle Gaviti’s A/R invoice-to-cash management platform automates your A/R cycle, streamlining the process while eliminating human error and enabling your accounts receivable team to improve its performance.

Credit and Collections 98

Credit and Collections Invoice to Cash Deductions Cash Applicator 98

Your Virtual Credit Manager

DECEMBER 13, 2022

Share The Collection Calling Process Establish Communications: Hopefully, contact information for the people responsible for paying your customer’s bills was captured during your new customer on-boarding process and in your credit application. Don’t continue wasting your time.

Collector 130

Collector Credit and Collections Past Due Invoices Credit Management 130

Eastern Credit Management Services

APRIL 20, 2021

It is a tool that any company may implement as part of a broader collection management policy. Is it a tool that will work for you and if so, how do you add it to your credit management policy? Any company may charge interest on goods and services purchased on credit by their customers.

Credit and Collections 52

Credit and Collections Credit Management Credit Application 52

Credit & Management Systems, Inc.

JUNE 11, 2012

This Program, a collaborative effort between NACM, NACM- Tampa and selected third-party solution providers, including CMS, will provide the National Trade Credit Report (NTCR) through the CMS Credit Suite web application platform and CMS’s Corporate Credit Manager (CCM) software system.

Credit Management 40

Credit Management Credit and Collections Credit Application Order to Cash 40

Emagia

JUNE 12, 2023

This enables effective credit risk management by limiting loan options to individuals with a specified income level. What is Credit Risk Management Best Practices? Having comprehensive and accurate customer information enhances the effectiveness of credit risk analysis. When designing your credit risk analysis.

Credit Risk 52

Credit Risk Credit and Collections Bad Debt Default 52

TreviPay

MARCH 17, 2023

Benefits Summary This retailer realized benefits including: Check Competitive advantage – stand out in its market by offering business customers a line of credit currently worth $80 million and payment on terms Check Achieved rapid growth – 112% volume growth YTD Check Drive traffic to stores with the fully branded mobile payment app (..)

B2B Credit 52

B2B Credit Bad Debt Credit Application Default 52

TreviPay

MARCH 17, 2023

Benefits Summary This retailer realized benefits including: Check Competitive advantage – stand out in its market by offering business customers a line of credit currently worth $80 million and payment on terms Check Achieved rapid growth – 112% volume growth YTD Check Drive traffic to stores with the fully branded mobile payment app (..)

B2B Credit 52

B2B Credit Bad Debt Credit Application Default 52

Gaviti

NOVEMBER 16, 2023

Manage customer credit risk Maintain a clear credit history for each customer so that you can make informed credit decisions and minimize risk. Extending credit to customers who cannot pay can lead to bad debt, write-offs and even legal consequences.

Credit and Collections 52

Credit and Collections Bad Debt Debt Collections Invoice to Cash 52

Gaviti

MARCH 3, 2024

Credit management. Streamline your credit monitoring and management by automatically sending credit application forms to both customers and prospects. Automatically monitor credit utilization levels and get alerts when customers exceed a predetermined threshold.

DSO 52

DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

The Red Spectrum

MAY 18, 2023

If you pay your credit card balance before the end of your billing cycle, it can help lower your credit utilization ratio, which is the percentage of available credit you are using. A lower credit utilization ratio indicates responsible credit management and can improve your credit score.

Credit Card Payments 84

Credit Card Payments Credit Scoring Credit Reporting Agencies Credit and Collections 84

TreviPay

MARCH 17, 2023

Benefits Summary Staples realized benefits including: Check Competitive advantage – Staples stands out in its market by offering business customers a line of credit they need to run their business Check Achieved rapid growth – achieved 112% volume growth YTD Check Offers a fully branded market-leading mobile payment app that helps drives (..)

Bad Debt 52

Bad Debt Credit Application Default Credit Management 52

Gaviti

APRIL 3, 2024

How to Gavit Helps You Optimize DSO Gaviti’s invoice-to-cash A/R management platform automates and streamlines the entire account receivables process, enabling businesses to improve DSO by up to 30%. The modules include: Credit management and monitoring. Use online credit applications to streamline the credit approval process.

DSO 52

DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

Credit & Management Systems, Inc.

FEBRUARY 13, 2017

(CMS) is the leading developer of comprehensive system solutions for corporate and commercial credit management. CMS’s highly acclaimed Corporate Credit Manager (CCM) software system is the most powerful and widely used commercial credit scoring, financial analysis, risk management, and decision support system available.

Credit and Collections 40

Credit and Collections Credit Scoring Credit Management Credit Application 40

Eagle Business Credit

MARCH 7, 2024

Creditworthiness and Credit Score Credit Scores: Banks typically look for a robust business credit score that reflects responsible credit management. A business’s credit score is a critical factor in their evaluation process.

Credit Scoring 52

Credit Scoring Credit and Collections Default Credit Application 52

MNS Credit Management Group

AUGUST 11, 2023

Copies of invoices, account statements, credit applications, personal guarantees, and crucial correspondence between your business and the customer are among the additional crucial account paperwork, from the delinquent customer’s company.

Debt Collections 52

Debt Collections Collector Out of Court Settlement Credit and Collections 52