Collenda

SEPTEMBER 27, 2023

It aimed to provide users of financial statements with more relevant and timely information about an entity’s exposure to financial instruments and the associated risks. Furthermore, financial institutions are collaborating across departments, including finance, risk management, and IT, to ensure a holistic and cohesive approach.

Credit Risk 52

Credit Risk 52

Onguard

MAY 24, 2023

Predicting the future credit landscape is always difficult for companies, even in the best of times. Live and up-to-date data are therefore crucial for financial professionals who want to make the right choices and minimise risks. The risk of fraud Fraud can cause major problems for businesses.

Credit Risk 52

Credit Risk Credit Management Order to Cash Transactions 52

Onguard

MAY 24, 2023

Predicting the future credit landscape is always difficult for companies, even in the best of times. Live and up-to-date data are therefore crucial for financial professionals who want to make the right choices and minimise risks. The risk of fraud Fraud can cause major problems for businesses.

Credit Risk 52

Credit Risk Credit Management Order to Cash Transactions 52

Onguard

MAY 24, 2023

Predicting the future credit landscape is always difficult for companies, even in the best of times. Live and up-to-date data are therefore crucial for financial professionals who want to make the right choices and minimise risks. The risk of fraud Fraud can cause major problems for businesses.

Credit Risk 52

Credit Risk Credit Management Order to Cash Transactions 52

Emagia

JUNE 12, 2023

Credit risk management plays a critical role in the financial health and stability of businesses across industries. It involves identifying, assessing, and mitigating the potential risks associated with extending credit to customers or counterparties. What is Credit Risk Management?

Credit Risk 52

Credit Risk Credit and Collections Bad Debt Default 52

Abrigo

AUGUST 5, 2020

Key Takeaways This recession is significantly different than the 2008 financial crisis, creating a unique credit environment for financial institutions. Economic downturns alter the credit memo's content and process to capture credit risk. Mitigate credit risk and drive growth – even in a recession.

Credit Risk 78

Credit Risk CECL Credit Unions Default 78

Know-It Global

MAY 8, 2023

As a business owner, it’s essential to understand and manage credit risk to maintain a healthy cash flow and avoid financial losses. Credit risk is the potential for a borrower to fail to repay a loan or credit extended to them. Did you know? What are you waiting for, get started now.

Credit Risk 52

Credit Risk Bad Debt Credit and Collections Default 52

Know-It Global

MAY 8, 2023

As a business owner, it’s essential to understand and manage credit risk to maintain a healthy cash flow and avoid financial losses. Credit risk is the potential for a borrower to fail to repay a loan or credit extended to them. Did you know? What are you waiting for, get started now.

Credit Risk 52

Credit Risk Bad Debt Credit and Collections Default 52

MSCCM

AUGUST 22, 2023

Trepidation abounds, and it’s adding to credit concerns over the growing need. Read More » The post Artificial Intelligence and Credit Management: Incorporating AI Into the Risk Mitigation Process first appeared on MSCCM.

Credit Management 52

Credit Management 52

Emagia

OCTOBER 17, 2022

The adoption of innovative digital technologies of late has been making risk control and management better. Lower operational costs, quicker decision-making, and better customer experience are a few of the potential benefits of intelligent credit risk management. Robotic Process Automation (RPA).

Credit Risk 52

Credit Risk Credit Scoring Bankruptcy Credit and Collections 52

Bectran

OCTOBER 17, 2022

To sustain the financial health of your business, having a thorough approach to credit risk management is more important than ever. By following credit risk management best practices and implementing risk mitigation strategies upfront, you can alleviate some of this uncertainty and set your business up for success.

Credit Risk 52

Credit Risk 52

Gaviti

MAY 9, 2023

We are thrilled to announce the launch of our latest addition to the Gaviti accounts receivable collections platform: the Credit Management Module! At Gaviti, we understand how crucial it is for you to maintain a healthy cash flow, minimize credit risk, and ensure timely payments from your customers.

Credit and Collections 52

Credit and Collections Credit Management Dashboards Payment Portals 52

Onguard

MAY 16, 2023

This makes for a challenging time for credit management staff. For one in five (18%) organisations, the uncertain economic conditions create challenges in improving credit management. A healthy DSO In a good approach to credit management, having a healthy DSO is crucial.

Credit Management 52

Credit Management DSO Credit and Collections 52

Credit Tools

JANUARY 16, 2023

When it comes to the order-to-cash process, scenarios should be adapted to the client's risk profile, and risk management tools should be used to help the company achieve its goal of increasing.

Credit Risk 40

Credit Risk Order to Cash 40

Onguard

MAY 16, 2023

This makes for a challenging time for credit management staff. For one in five (18%) organisations, the uncertain economic conditions create challenges in improving credit management. A healthy DSO In a good approach to credit management, having a healthy DSO is crucial.

Credit Management 40

Credit Management DSO Credit and Collections 40

Credit Research Foundation

APRIL 12, 2024

The digital age continues to drive change in the accounts receivable field and today credit cards are playing an important role in the process. As shared by CRF’s Friend of the Foundation, Lowenstein Sandler , the implementation and maintenance of a credit card program can produce value beyond just accepting a payment.

Credit Card Companies 195

Credit Card Companies B2B Credit Bad Debt DSO 195

Abrigo

FEBRUARY 18, 2017

This is part of larger efforts to expand credit unions’ ability to expand their commercial lending portfolios. The purpose of the new rule is to give credit unions more flexibility to implement principle-based risk management processes and policies. Morris provides solutions to mitigate these risks: 1.

Credit Risk 60

Credit Risk Credit Unions 60

Credit Research Foundation

JANUARY 11, 2024

In the dynamic landscape of credit management, embracing digital transformation is no longer just an option but a strategic imperative. Transforming your credit application process through digitization not only enhances credit extension capabilities but also significantly elevates the overall customer experience.

Credit Application 195

Credit Application Bad Debt Dashboards Default 195

Abrigo

MAY 2, 2024

DOWNLOAD Takeaway 1 Your loan policy sets the tone for the institution's approach to risk appetite, risk tolerance, lending philosophy, and organization of the lending function. This policy serves as a set of guidelines that outline the rules and expectations for the credit function within the bank or credit union.

Small Businesses 88

Small Businesses Credit Risk Credit Unions CECL 88

Credit Tools

JUNE 2, 2022

Experience Augmented Risk Management in My DSO Manager thanks to a dynamic and relevant risk agenda! 100% real time!

Credit Risk 52

Credit Risk DSO 52

Abrigo

MAY 19, 2016

Monitoring credit risk management, interest rate risk and banks’ ability to stress test loans affected by low oil prices are among the priorities for supervisors at the Office of the Comptroller of the Currency (OCC) these days, according to the agency’s recent mid-year status report on its operating plan.

Credit Risk 60

Credit Risk Cybersecurity 60

Credit Research Foundation

MARCH 28, 2024

The sounds of market risk continue to be played through many channels of communication, and the credit professional needs to manage and mitigate these threats to protect the organization’s major asset – its accounts receivable. So, the question is: What are credit professionals doing about it? simply reach out to us HERE.

Credit Application 195

Credit Application Transactions 195

Your Virtual Credit Manager

APRIL 2, 2024

Commercial credit scores predict the likelihood of a business fulfilling its financial obligations, particularly regarding debt repayment and trade credit. Commercial credit scores are often not as well understood as consumer credit scores such as FICO. Photo by Element5 Digital on Unsplash First, a little background.

Credit Scoring 130

Credit Scoring Credit and Collections Bad Debt Credit Risk 130

Your Virtual Credit Manager

JUNE 20, 2023

.” As a reader of Your Virtual Credit Manager you are eligible for 50% off the registration fee: Register Online Or call 866-352-9539 — Discount code: A5307986 — Priority code: 15999 What Can Be Done? As economic headwinds build, business leaders tend to batten down the hatches by cutting cost and minimizing risk.

Credit Risk 20

Credit Risk Bad Debt Credit and Collections AR Aging 20

Your Virtual Credit Manager

FEBRUARY 27, 2024

For a small business owner or executive, navigating credit decisions can be challenging, especially when they clash with the goals of other stakeholders within the company. Due to a lack of risk awareness and misaligned priorities these actions often perpetuate internal friction, which can sometimes overflow into the customer experience.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Bad Debt Days Sales Outstanding Credit and Collections 130

Abrigo

APRIL 25, 2024

Takeaway 3 With lower interest rates nowhere in sight, lenders need to monitor and adjust lending and underwriting strategies based on their own institution’s credit risk profile. Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets.

Small Businesses 88

Small Businesses Credit Unions Credit Risk CECL 88

Abrigo

NOVEMBER 5, 2015

Jeff Judy, a consultant to the financial services industry and founder of Jeff Judy & Associates , suggests that the daily activities can have a tremendous impact on the bank or credit union’s ability to “weather” future difficult times. Say yes to the credit you should’ve said no to? We call those charge-offs.

Credit Risk 60

Credit Risk Credit Unions 60

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. it just might help them pay you sooner!

Credit and Collections 130

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

Your Virtual Credit Manager

APRIL 9, 2024

There has always been a strong correlation between the cost of funds and accounts receivable (AR) management. In such a time of easy money, receivables management becomes less critical and credit policies tend toward laxity. As interest rates increase, the cost of borrowing money also increases for businesses.

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Credit Card Payments Collections Automation 130

Abrigo

FEBRUARY 6, 2024

Develop an MBL program while mitigating risk Credit unions looking for alternate paths to growth in today's rising rate environment may be primed to leverage member business lending. Register Takeaway 1 Credit unions developing or tightening up an existing MBL strategy should start by engaging the board of directors to outline goals.

Credit Unions 88

Credit Unions Credit Risk Small Businesses 88

Emagia

MAY 15, 2024

These events underscored the paramount importance of liquidity management in the corporate sphere, prompting an intensified focus on navigating financial uncertainties. Consequently, businesses are embracing innovative technologies in treasury management at an unprecedented pace, facilitating strategic financial analysis with foresight.

Default 52

Default Credit Risk Cash Applicator 52

Your Virtual Credit Manager

APRIL 23, 2024

” (Photo by Devon MacKay on Unsplash ) This applies to credit and collections as well as anything else. Credit analysts should also review past decisions to improve their future performance regarding approvals, limits and term setting. Collectors are continually learning what works to get people to pay up and what doesn’t.

Bankruptcy 130

Bankruptcy Chapter 11 Credit and Collections Collector 130

Abrigo

FEBRUARY 16, 2024

Preparing your credit administration for the next cycle Financial institutions should consider these tips for maintaining an efficient credit process throughout the year. You might also like these on-demand webinars tackling common credit risk questions.

Credit Risk 78

Credit Risk CECL Credit Unions 78

Your Virtual Credit Manager

JANUARY 23, 2024

Approving a customer for credit terms is merely the first step in an open credit relationship. Economic circumstances may cause you to tighten your credit policies and customer credit limits. Situations change, both for you and for your customer. Even more likely are changes to a customer’s business.

Credit Application 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

Abrigo

FEBRUARY 14, 2024

Find commercial real estate risks in the loan portfolio Sound risk management practices in commercial real estate lending help lenders manage CRE credit losses and protect the portfolio's profitability. You might also like this podcast, "How to sleep easier at night about your capital and risk levels."

CECL 78

CECL Credit Risk Credit Unions 78

Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023.

Credit Risk 88

Credit Risk Credit Unions Dashboards CECL 88

Your Virtual Credit Manager

FEBRUARY 13, 2024

Clearly, the level of Business Credit Risk is going to remain elevated as we move through 2024, bringing with it the potential for corresponding increases in bad debt and delinquency. Start with your largest customers along with those you know are at risk. For more on credit evaluations, check out this post.

Bankruptcy 130

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