Your Virtual Credit Manager

JANUARY 3, 2023

Do not match unapplied credits with open deductions and debits unless there is documentation to relate them or you will be in violation of escheatment laws. Refresh the credit risk ratings and credit limits of customers that have not been updated within the past two years. Update your customer master file.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

MAY 2, 2023

A critical part of this exercise involves identifying active and new customers posing high, or even just marginal, credit risks. At this juncture, open credit terms should only be granted to firms with a solid credit profile. Anything less, and you should be looking for ways to offset the risks posed by open terms.

Bankruptcy 100

Bankruptcy Credit and Collections Accounts Receivable (AR) Default 100

Emagia

MAY 1, 2024

. “The time has come to take advantage of it in terms of how we do things and how we might be able to do things better,” says David Schmidt, Managing Director at A2 Resources and former longtime contributor with Credit Today. Customer types can be summarized, with credit risks and trends fetched for each.

Order to Cash 52

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

Your Virtual Credit Manager

MARCH 28, 2023

Volumes have been written about the criteria you should use to make a credit decision. The rigor with which this information is often presented belies the fact most business credit decisions are not that difficult. There is a challenge, however, with the 20 to 30 percent of credit decisions that fall in between.

Credit Scoring 130

Credit Scoring Credit Application Bad Debt Credit Risk 130

Your Virtual Credit Manager

APRIL 4, 2023

.” This junk AR comes in a variety of forms, such as: Short Payments / Deductions Debit Memos Unapplied Credit Memos Unapplied Cash Late Payment Fees and other Surcharges Unearned Early Payment Discounts Clutter obscures the actual amount a customer owes and when presented as a statement of account can confuse their accounts payable (AP) team.

Past Due Invoices 100

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 100

Know-It Global

MAY 19, 2023

“But as ever the devil is in the detail and the fact that compulsory liquidations have doubled year-on-year, paints a very different picture, representing what it does as a result of an increase in winding-up petitions presented by HMRC.” “The The impact of the value chain of company failures is stark.

Credit Risk 52

Credit Risk Credit Management Small Businesses 52

Know-It Global

MAY 19, 2023

“But as ever the devil is in the detail and the fact that compulsory liquidations have doubled year-on-year, paints a very different picture, representing what it does as a result of an increase in winding-up petitions presented by HMRC.” “The The impact of the value chain of company failures is stark.

Credit Risk 52

Credit Risk Credit Management Small Businesses 52

SAP Credit Management

AUGUST 29, 2023

TPM60CVA – Calculate Net Present Values – With CVA and DVA In Treasury and Risk Management, one can use the following functions for system to calculate NPVs (or fair values): Transaction JBRX – Single Value Analysis: NPVto calculate NPVs for financial transactions.

Transactions 162

Transactions Default Deductions Credit Risk 162

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. The top line and bottom line will be positively impacted when a sales order is received and fulfilled, but your business is at risk till you collect cash against the invoice.

B2B Credit 52

B2B Credit Credit and Collections Credit Application Credit Management 52

Gaviti

APRIL 3, 2024

Use a credit monitoring tool to example customers’ past payment history and require stricter payment terms and implement tighter escalation processes for customers who present a higher credit risk. Carefully assess the payment history of the company and the risk it poses to your business.

DSO 52

DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 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. Admittedly, unless you are involved in debt collection or credit management more widely, we do not expect this to be an edge of your seat read (or even if you are in the industry!). Marketing plan?”,

Debt Collections 52

Debt Collections Credit and Collections Bad Debt Credit Management 52

MNS Credit Management Group

AUGUST 31, 2022

Even while each credit reporting bureau will have its own range of credit scores, they should all produce an easily understandable score. Your credit capacity, credit history length, and level of delinquency on your report can all have an impact on your company’s credit rating.

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Bankruptcy Credit Risk 52

Know-It Global

NOVEMBER 28, 2022

As your sales ledger is the source of all your sales data the level of detail kept here should be substantial enough to present a clear view of all sales related activities. Know-it works wonders for your business cashflow by automating the complete credit control process. Boost your cashflow with Know-it today!

Credit and Collections 52

Credit and Collections Credit Risk Credit Scoring Credit Management 52

Your Virtual Credit Manager

MAY 7, 2024

Increased Costs: Managing payment disputes and chasing overdue payments incurs additional costs in terms of time, resources, and potentially legal fees should the dispute escalate. This can limit a supplier's capacity to extend credit to other customers. Invoice presentment issues can be just as costly.

Credit and Collections 130

Credit and Collections Credit Risk Credit Management Order to Cash 130

Pactola

JUNE 17, 2020

This happens as the lending industry depends upon accurate and reliable credit risk ratings. This will require the lender to begin to gather and analyze some new information in order to make a sound assessment of credit risk. As we move forward, mistakes will be made, and no measurement or model will be perfect.

Credit Risk 40

Credit Risk Default Credit Management 40

Your Virtual Credit Manager

JUNE 27, 2023

Photo by Keren Fedida on Unsplash Each business customer presents a unique set of circumstances. Once a customer is identified as a Chronic Delinquent, everybody in the organization should be made aware of the situation and regularly updated as to their status so your firm can present a united front. Sales teams do it all the time.

Collector 26

Collector Credit and Collections High-Risk Accounts Accounts Receivable (AR) 26

Your Virtual Credit Manager

MARCH 21, 2023

Subscribe now Lessons to Be Learned Looked at from the perspective of somebody responsible for the management of a portfolio of accounts receivable (AR), the events surrounding the SVB collapse present a cautionary tale. Learn More About Credit Reports 5. Learn More about YVCM Consulting A Closing Thought.

Accounts Receivable (AR) 130

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

Gaviti

DECEMBER 28, 2023

Aggregating data from collections calls is challenging and doesn’t offer a holistic view into the customer’s present financial situation. Third parties can present your company with challenges with regards to your customer’s data privacy. They deliver poor visibility into customer information.

Credit and Collections 52

Credit and Collections Invoice to Cash Deductions Collector 52

Know-It Global

JUNE 14, 2023

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. Know-it makes this easy by automating all of your credit management!

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. Therefore we have chosen to embrace the opportunities that have been presented to us and yes, it has involved some risk, but it has also involved some reward too and that is what we have benefited from in hindsight.

Debt Collections 52

Debt Collections Credit and Collections Collector Bad Debt 52