High-Risk Accounts Related Topics 
Your Virtual Credit Manager
DECEMBER 31, 2024
While emails are often used, phone calls can be more effective, especially for high-risk accounts. Another key error is avoiding direct communication with customers, such as making uncomfortable collection calls.
Your Virtual Credit Manager
FEBRUARY 18, 2025
Business credit is very dynamic, especially across a portfolio of accounts. Today’s low-risk customers can very quickly become tomorrow’s high-risk accounts. After the Credit Decision Once you approve a customer for a credit limit, data collection is not over.
Your Virtual Credit Manager
JANUARY 17, 2023
it just might help them pay you sooner!
Trade Credit & Liquidity Management
APRIL 30, 2025
That means rather than stop sales to high-risk accounts, credit should find ways to make the sale without incurring undue exposure. When Sales and Credit are misaligned, there will be conflicts that affect both cash flow and your bottom line. Credit’s job is to facilitate a profitable sale.
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.
Emagia
FEBRUARY 21, 2025
Step-by-Step Process to Implement the 10 Rule Assess All Outstanding Invoices Regularly review accounts receivable. Flag High-Risk Accounts Identify customers with overdue balances above 10%. Monitor Trends Use accounts receivable aging reports to track customer payment behavior.
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.
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