Your Virtual Credit Manager

JANUARY 16, 2024

Time is as much an enemy as anything else when you are charged with collecting past due accounts receivable (AR), so it is crucial you don’t waste time by making mistakes, which will also serve to elongate the collection process. Who to contact should be information requested on your credit application.

Debt Collections 130

Debt Collections Collector Credit and Collections Bad Debt 130

MNS Credit Management Group

AUGUST 11, 2023

These tactics consist on comprehending the debtors’ situation, abiding by the applicable laws, being professional, and using negotiation techniques. These vital techniques for effective debt collection in Singapore are covered in this brief guide. The debt collectors will make an effort to come to a deal with the debtor.

Debt Collections 52

Debt Collections Collector Out of Court Settlement Credit and Collections 52

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

Your Virtual Credit Manager

MARCH 19, 2024

Collection Activity: Investigate the reasons behind the abrupt changes in payment behavior and assess the debtor's financial situation. To do this you may want to order an updated credit report as well as recontact any suppliers they provided as a credit reference on their credit application.

Bulk Transfer 100

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

Emagia

FEBRUARY 2, 2024

To meet the customer expectations and continue to be in business, businesses need to consider technology adoption in OTC processes including credit operations, to automate the following steps to make credit control autonomous. Online credit application makes the application process simple and quicker for the customer.

B2B Credit 52

B2B Credit Credit and Collections Credit Application Credit Management 52

Gaviti

FEBRUARY 18, 2024

Regardless of the reason, typically once your unpaid or overdue invoice is more than 90 days overdue, however, it has evolved to become a debt. At this point, your business should move from handling the invoice in-house to managing it through one of the debt collection outsourcing services listed below.

Debt Collections 52

Debt Collections Credit and Collections Days Sales Outstanding Invoice to Cash 52

Gaviti

NOVEMBER 16, 2023

Escalation may include collections calls or offering payment plans. 90 Days Delinquent. Companies may take legal action to pursue payment or consider turning to a debt collection agency. At this point, however, some companies may be forced to write the debt off completely. 120 Days Delinquent.

Credit and Collections 52

Credit and Collections Bad Debt Debt Collections Invoice to Cash 52