High-Risk Accounts - Credit Management Source

It's Time for a Layered Approach to Collections

Your Virtual Credit Manager

JANUARY 30, 2024

Further Applications and Continuous Improvement To maximize the benefits of this zero-tolerance collection strategy, consider: Further tailoring your collection strategies for consistent but slow-paying, lower-risk, larger-dollar accounts — since the risk of non-payment is minimal a collection strategy with a soft initial reminder followed by (..)

Credit and Collections

Credit and Collections Collector Accounts Receivable (AR) Days Sales Outstanding

Balancing Credit Sales with Profits

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. The policy cost is acceptable.

Credit Sales

Credit Sales Bad Debt Credit and Collections Credit Risk

Sales Commissions Impact the Collection Process

Your Virtual Credit Manager

JANUARY 17, 2023

it just might help them pay you sooner!

Credit and Collections

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

Streamlining Debt Collection: Leveraging Technology for Success!

Eastern Credit Management Services

JULY 21, 2023

Analyze customer profiles, payment patterns, and economic indicators to identify high-risk accounts and prioritize your collection efforts effectively. Harness the Power of Data Analytics: When leveraging technology to your advantage, you can gain valuable insights from data analytics.

Debt Collections

Debt Collections Credit and Collections High-Risk Accounts Credit Management

Four Burning Questions About AI in Finance and Credit – Answered

Emagia

NOVEMBER 21, 2023

This enables companies to focus their collection efforts more effectively and prioritize high-risk accounts. AI-powered algorithms can analyze historical data, customer behavior, industry trends, and payment patterns to predict which customers are more likely to delay payments.

Days Sales Outstanding

Days Sales Outstanding DSO Credit and Collections B2B Credit

Is Your AR Management up to the Task?

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

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

5 Methods to Reduce Late Payments

Gaviti

FEBRUARY 18, 2024

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. These components include: A/R management.

Credit and Collections

Credit and Collections Deductions Collector DSO

5 Methods to Reduce Late Payments

Gaviti

FEBRUARY 18, 2024

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. These components include: A/R management.

Credit and Collections

Credit and Collections Deductions Collector DSO

Business Customer Personas: A Collectors Guide

Your Virtual Credit Manager

JUNE 27, 2023

Share The High-Risk Account: Ideally you do not want to extend credit to high risk accounts. You will, however, extend credit to marginal accounts, and from time to time marginal accounts and even lower-risk customers will become high risks.

Collector

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

How to Improve Task Prioritization for A/R Collections Teams

Gaviti

JANUARY 8, 2023

It also provides task prioritization tools that make it easy to identify, flag and track high-risk accounts. Gaviti easily tracks and reviews these and other metrics via a centralized dashboard. Book a demo today to see how it works.

Credit and Collections

Credit and Collections Days Sales Outstanding DSO High-Risk Accounts

9 Trade Credit Traps to Avoid

Your Virtual Credit Manager

MAY 16, 2023

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. If your gross margins are high enough, you may want to put a cap on the cumulative credit you will grant to high risk customers.

Bad Debt

Bad Debt Credit and Collections Default High-Risk Accounts

Effectively Collecting Receivables Is a Time Management Challenge

Your Virtual Credit Manager

NOVEMBER 1, 2022

In an ongoing Collections environmen t , you will have already contacted the high risk accounts, so your prioritization scheme should be as follows: Accounts previously contacted that have failed to pay as promised. In fact, broken promises should be followed up the day after the payment was expected.

Past Due Invoices

Past Due Invoices Credit and Collections Bad Debt Accounts Receivable (AR)

Payline Data Review 2019: Features, Cost, Alternatives

Fundera

MAY 12, 2019

The service has shockingly high marks across all the major review websites, and all customer complaints filed against Payline Data on Better Business Bureau have been resolved. It would also be nice if merchants could acquire point of sale software or hardware through Payline, as this would make them a one-stop-shop for merchant services.

Transactions

Transactions Nonprofit Organizations Credit Card Payments High-Risk Accounts

Complete Guide To Credit Control For Business

Know-It Global

JUNE 20, 2023

This will allow you to identify high-risk accounts and take proactive measures to mitigate potential losses. With this in mind it’s worth conducting periodic credit reviews to reassess customers’ creditworthiness. Adjust credit limits and terms based on customer payment history and financial stability.

Bad Debt

Bad Debt Credit and Collections Debt Collections Credit Risk

Credit Management Source

It's Time for a Layered Approach to Collections

Balancing Credit Sales with Profits

Trending Sources

Sales Commissions Impact the Collection Process

Streamlining Debt Collection: Leveraging Technology for Success!

Four Burning Questions About AI in Finance and Credit – Answered

Is Your AR Management up to the Task?

5 Methods to Reduce Late Payments

5 Methods to Reduce Late Payments

Business Customer Personas: A Collectors Guide

How to Improve Task Prioritization for A/R Collections Teams

9 Trade Credit Traps to Avoid

Effectively Collecting Receivables Is a Time Management Challenge

Payline Data Review 2019: Features, Cost, Alternatives

Complete Guide To Credit Control For Business

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