Your Virtual Credit Manager
JANUARY 9, 2024
More About Purchasing Credit Reports Automate Repetitive Issues As illustrated above, repetitive issues such as payment deductions or applying payments can become bottlenecks that require a process solution.
Your Virtual Credit Manager
JANUARY 3, 2023
” This junk AR comes in a variety of forms, such as: Short payment/deductions Debit memos Unapplied credit memos Unapplied cash Late payment fees and other surcharges Early payment discounts taken but not deserved Clutter obscures the true amount a customer owes and causes confusion.
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. Companies who have a history of better credit can be trusted more to make timely payments. Disputes and deductions.
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