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It's Time for a Layered Approach to Collections

Your Virtual Credit Manager

The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. More About Purchasing Credit Reports Over time, insights gained from this approach can inform risk assessments for new accounts, which you can use to refine your credit risk parameters.

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Sales Commissions Impact the Collection Process

Your Virtual Credit Manager

Readers of Your Virtual Credit Manager now have access to sharply discounted business credit reports from D&B, Experian, or Equifax through our partner Accredit. Buy Credit Reports But, On the Other Hand. Risk of losing or demotivating some productive salespeople. it just might help them pay you sooner!

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Balancing Credit Sales with Profits

Your Virtual Credit Manager

Purchasing Credit Insurance, however, will only reduce the risk problem if: The policy covers the financially weak, higher risk customers. Credit Insurance policies often exclude individual, high risk accounts. Insurers want to be paid for the risk they bear. The policy cost is acceptable.

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Streamlining Debt Collection: Leveraging Technology for Success!

Eastern Credit Management Services

As a trusted Canadian Debt Collection Agency, Eastern Credit Management Services (ECMS) understands the importance of streamlining debt collection processes to maintain strong client relationships and achieve optimal results. appeared first on Eastern Credit Management Services.

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Four Burning Questions About AI in Finance and Credit – Answered

Emagia

AI can help decrease DSO by improving collections and credit management processes. This enables companies to focus their collection efforts more effectively and prioritize high-risk accounts.

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Is Your AR Management up to the Task?

Your Virtual Credit Manager

If they don’t pass muster for open credit terms, there are still other options for securing or insuring payment. Here’s more on Credit Checks. Poor Credit Controls: Poor credit control practices can result in providing goods or services to high-risk accounts that are likely to pay beyond terms or even default on payments.

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9 Trade Credit Traps to Avoid

Your Virtual Credit Manager

High risk customers shouldn’t be granted credit. The truth of the matt er is there are times you should give credit to high risk accounts and ways to mitigate those risks. Do you need help with your credit policies and procedures?

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