Your Virtual Credit Manager

JANUARY 17, 2023

There was a lot of gnashing of teeth on the part of the sales team at the beginning, but invoice accuracy improved in each subsequent month as sales began transmitting accurate pricing and terms to order processing, thereby reducing downstream disputes and payment deductions. it just might help them pay you sooner!

Credit and Collections 246

Credit and Collections Accounts Receivable (AR) Days Sales Outstanding Past Due Invoices 246

Gaviti

FEBRUARY 18, 2024

Streamline the process for managing disputes and deductions. Prioritize collections based on important data the platform gathers and centralizes to focus on high-value and high-risk accounts so that you can optimize your collections efforts as a team. Dispute Management and Deductions.

Credit and Collections 52

Credit and Collections Deductions Collector DSO 52

Gaviti

FEBRUARY 18, 2024

Streamline the process for managing disputes and deductions. Prioritize collections based on important data the platform gathers and centralizes to focus on high-value and high-risk accounts so that you can optimize your collections efforts as a team. Dispute Management and Deductions.

Credit and Collections 52

Credit and Collections Deductions Collector DSO 52

Your Virtual Credit Manager

NOVEMBER 14, 2023

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. Insurers want to be paid for the risk they bear.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

APRIL 11, 2023

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. If they don’t pass muster for open credit terms, there are still other options for securing or insuring payment.

Bad Debt 130

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

Your Virtual Credit Manager

JUNE 27, 2023

Firms that take a lot of payment deductions can fall into this category. Share The High-Risk Account: Ideally you do not want to extend credit to high risk accounts. It's important to note that not all high-risk accounts are inherently detrimental to a business.

Collector 26

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