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. Renew any expired sales contracts.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Gaviti

APRIL 3, 2024

Document a process for how the company will deal with outstanding invoices. Documented internal escalation procedures should also include which levels of management and heads of departments (e.g. Carefully assess the payment history of the company and the risk it poses to your business. Collections analytics.

DSO 52

DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

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

APRIL 18, 2024

It also helps provide documentation in the event that your company has bad debt that it is able to take as a tax deduction. Credit management and monitoring. Send online credit applications to both existing customers and potential prospects. Get alerts in real-time about customers with increased credit risk.

AR Aging 52

AR Aging Credit and Collections Bad Debt Accounts Receivable (AR) 52