Know-It Global

AUGUST 9, 2023

One of the challenges businesses face is managing trade debtors, as unpaid invoices can significantly impact cashflow and hinder growth. The most effective way to maximise cashflow is by enhancing your credit control process ! This can motivate trade debtors to settle their invoices quickly, benefiting both parties.

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SAP Credit Management

JANUARY 12, 2023

The retail industry is driven by huge transformation trends in global and local supply chains and their disruption due to the pandemic, geopolitical instability, and other environmental factors such as inflation, climate disruptions, labor shortage and emerging trade barriers. Cash/Bank management and Treasury.

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Shared Service 222

RMAi Blog

MARCH 22, 2023

– PRA Group is pleased to announce that Tim Kirk, country operations director for the company’s UK business, has been appointed to the Credit Services Association Board of Directors. The  The Credit Services Association (CSA) is the national trade association in the UK for organizations active in the debt collection and purchase industry. The

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Your Virtual Credit Manager

DECEMBER 19, 2023

Hopefully, that is why you are reading Your Virtual Credit Manager. If they are the result of a payment deduction (partial payment), an issue requiring an administrative solution, not handling the matter inflates your AR. In most cases (90 percent or more), we find the customer has a valid claim and deserves a credit.

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TreviPay

DECEMBER 1, 2023

However, they are often discussed separately from other forms of embedded finance options and solutions. Why embedded finance matters for business-to-business (B2B) Business-to-consumer (B2C) commerce adopted embedded finance services and solutions early on. This does not mean that embedded B2C solutions can be applied to B2C directly.

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TreviPay

APRIL 19, 2024

Cross-Border Taxes, Tariffs & Other Regulations Navigating international trade laws and regulations can be daunting for businesses participating in cross-border eCommerce. One solution is to leverage electronic invoicing to update other systems, including your tax management software. Here are some of the key challenges.

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TreviPay

FEBRUARY 14, 2024

Here are 5 reasons why our customers continue to adore us that they stay with us for decades: Risk-Free Credit Extension TreviPay understands the apprehensions of extending credit, which is why we take the risk out of the equation for our customers. TreviPay’s automated solution makes the entire process smooth and efficient.

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Your Virtual Credit Manager

JANUARY 23, 2024

Approving a customer for credit terms is merely the first step in an open credit relationship. Economic circumstances may cause you to tighten your credit policies and customer credit limits. The remainder of the review will mirror an initial credit evaluation (here’s more information on Evaluating Credit ).

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TreviPay

JANUARY 31, 2023

In-house trade credit management – a costly distraction and unnecessary risk Managing your in-house trade credit program may once have seemed like a good idea – but much has changed: costs and complexity have spiraled. At the same time, the risk of underwriting trade credit is also eliminated.

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DSO Days Sales Outstanding Credit Scoring Credit and Collections 52

TreviPay

AUGUST 11, 2023

“With individual credit limits over $20 million, the needs of even the largest B2B buyers can be accommodated by TreviPay.” The Solution: The company chose the TreviPay invoicing and trade credit solution. This white-labeled solution could be branded as their own.

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Transactions 52

TreviPay

OCTOBER 18, 2023

TreviPay’s composable technology platform enables banks around the world to deliver automated accounts receivable, underwriting and trade credit management solutions to their large commercial clients. The global trade credit market is worth over $40 trillion and is a large opportunity ready to be explored by banks.

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Credit and Collections DSO Credit Management Transactions 59

lsq

JANUARY 10, 2023

New partnership will help improve liquidity and build resilient, sustainable, and diverse supply chains using artificial intelligence and trade finance solutions. Calculum and LSQ’s solutions are designed to optimize invoice and working capital management. MIAMI and ORLANDO, Fla. About LSQ | lsq.com.

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Credit and Collections 98

TreviPay

OCTOBER 25, 2023

The top two methods are trade credit (also called net terms) and credit cards, but other options, such ACH and wire transfer, are also important. In other words, today’s B2B sellers need a payments solution that is modern, flexible and easy to configure on a client-by-client basis. Buyers want B2B payment method choices.

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Credit and Collections Credit Application Transactions 52

TreviPay

NOVEMBER 1, 2023

Credit Cards Aren’t the B2B Payment Solution Some sellers hope that inefficient processes, incorrect invoices, and slow onboarding can be avoided by having B2B customers pay with credit cards. It is true that 95% of the B2B buyers we surveyed report using credit cards monthly, and B2B sellers certainly accept these payments.

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Transactions 66

Know-It Global

MAY 19, 2023

The new ad campaign is now live and will run through the month of May during peak times to build their brand and educate viewers on the all-in-one credit control platform. million overdue invoices on their books at the end of 2022 according to insolvency and restructuring trade body R3.

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Credit and Collections Credit Risk Credit Management 98

Emagia

AUGUST 23, 2023

Receivables are the sums that a company’s customers or clients owe it for items sold or services provided on credit. When a company grants a customer short-term credit, they record a receivable in their accounting system and send them an invoice to collect payment. What are Trade Receivables?

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Credit and Collections DSO Days Sales Outstanding Bad Debt 52

SAP Credit Management

JANUARY 31, 2023

In Ariba buying solution or Ariba guided buying, when buyers click on “hyperlink” or “Buy from Supplier” browser directs them to supplier’s web-site to search a desired item, choose an item, add an item to the cart, check out from catalog and create a purchase requisition. Introduction The punchout catalog is a supplier hosted catalog.

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MNS Credit Management Group

MAY 3, 2023

In this article, we will explore the causes of these issues, their consequences in the b2b debt collection industry, and potential solutions. Rise of protectionist trade policies: Another contributing factor is the rise of protectionist trade policies in some countries, which has led to increased trade barriers and tariffs.

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Know-It Global

DECEMBER 20, 2023

We introduced invoice financing in-platform to provide a further cashflow solution for businesses adding to the already extensive suite of features. Running at peak times during May, our aim was to build brand awareness and educate viewers on the all-in-one credit control platform. Find our more about Invoice Finance-it here.

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Credit and Collections Debt Collections Credit Management Credit Risk 105

Your Virtual Credit Manager

OCTOBER 17, 2023

Extending credit is the financial backbone of Business-to-Business (B2B) commerce. If you require payment in advance or upon delivery of goods or services, you are unlikely to find many customers willing to trade on those terms causing your business to not generate enough revenue to survive. What do you need help doing?

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Bad Debt Credit and Collections Credit Risk Accounts Receivable (AR) 130

TreviPay

MARCH 17, 2023

Since the early 1990s, it catered to business customers with dedicated lines of credit and the ability to pay on terms. The challenge – an urgent need In Canada, this retailer had a long-established trade credit program for businesses. The credit was underwritten by a Canadian bank. But it ultimately chose TreviPay.

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TreviPay

MARCH 17, 2023

Since the early 1990s, it catered to business customers with dedicated lines of credit and the ability to pay on terms. The challenge – an urgent need In Canada, this retailer had a long-established trade credit program for businesses. The credit was underwritten by a Canadian bank. But it ultimately chose TreviPay.

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B2B Credit Bad Debt Credit Application Default 52

Eagle Business Credit

FEBRUARY 15, 2023

Having strong business credit can open more doors for your business when it comes to selling on credit terms with other businesses, but also business credit will affect your access to working capital. There are a few important but simple steps you can start taking today for building your business credit.

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Credit Reporting Agencies Credit and Collections Invoice Amount Small Businesses 96

TreviPay

OCTOBER 31, 2022

“We had secured a £2 million venture capital investment, which we could have used to underwrite client credit in-house,” explained Bewsher. However, one of our co-founders has a background in credit and risk and understands the complexities of implementing an in-house program. The outsourced credit solution.

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Days Sales Outstanding DSO Default Credit Risk 59

TreviPay

MARCH 17, 2023

Since its early days, Staples has offered a line of credit to B2B customers and the ability to pay on terms. The challenge – an urgent need Staples Canada was searching for a new trade credit program in Canada to provide their SMB customers with an enhanced payments experience both online and in-store.

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Bad Debt Credit Application Default Credit Management 52

Due

MARCH 24, 2024

The Tax and Legal Playbook: Game-Changing Solutions to Your Small-Business Questions” by Mark J. As you flip through the pages, you can expect practical solutions, such as assessment quizzes, money-saving strategies, and possible pitfalls. This book enables you to maximize your deductions and credits by filing your return correctly.

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Deductions Small Businesses Transactions 105

TreviPay

AUGUST 8, 2023

Credit is a powerful and useful tool, but it should be handled with care… Whether it’s for purchases, mortgages, loan approvals, or B2B financing, many organizations need to create a clear and effective credit decisioning process. What is credit decisioning? What factors play a role in credit decisioning?

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Credit and Collections Credit Risk Credit Card Companies Credit Application 52

TreviPay

APRIL 28, 2023

The 8 important steps in the O2C process Order Management Credit Management Order Fulfilment Order Shipping Customer Invoicing Accounts Receivable Payment Collections Reporting and Data Management Tip 1: Offer instant purchasing power at checkout Each step in the O2C cycle is interconnected. The O2C cycle is complex.

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Order to Cash Credit and Collections Debt Collections Credit Management 59

TreviPay

FEBRUARY 27, 2023

It sounds the same as the solution that has become popular with consumers, but for businesses. Unlike a traditional business loan, there are less credit checks and a faster onboarding experience. This brings value-added services like POS integration and other embedded financing solutions. Is B2B BNPL the same as trade credit?

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Credit and Collections Transactions Order to Cash Small Businesses 52

Know-It Global

JULY 14, 2023

Interest rates and trading costs have been rapidly rising, while SME survival rates continue to take a hit. SMEs are the fabric of our economy and require as much support as possible to avoid catastrophe,” Lynne Darcey Quigley , CEO and founder of cloud-based credit management platform Know-it , explained.

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Credit Management Small Businesses Transactions 52

Your Virtual Credit Manager

SEPTEMBER 13, 2022

Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo. Trade promotions are often taken as deductions, but are better managed as separate transactions. They can then be prioritized by value and probability of recovery.

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Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Your Virtual Credit Manager

MARCH 19, 2024

Photo by Austin Chan on Unsplash ) For most trade creditors (B2B organizations selling on open terms), the collection process is triggered shortly after a customer’s account becomes past-due. The experts at Your Virtual Credit Manager can help you bring in the cash. Collections is a reactive process.

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Bulk Transfer Credit and Collections Bankruptcy Accounts Receivable (AR) 100

Know-It Global

AUGUST 22, 2023

Scottish Fintech Know-it, led by CEO and founder Lynne Darcey Quigley, will form part of the trade mission to Australia’s Intersekt festival, ahead of launching its platform there in Q1, 2024. The plight of late payment culture and outdated manual credit control processes is not exclusive to UK businesses.

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lsq

JULY 26, 2023

July 26, 2023) – LSQ, a leading provider of working capital financing and payments solutions, recently originated a $30 million accounts receivable credit facility for a New York manufacturer, packager and distributor of pharmaceutical and consumer healthcare products. The post LSQ AR Credit Facility Fuels Growth for N.Y.

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Credit and Collections Bankruptcy Credit Management 52

Know-It Global

AUGUST 22, 2023

On 28 th August, Scottish fintech Know-it , led by Founder and CEO Lynne Darcey Quigley , will embark on the 2023 UK Fintech Trade Mission to Australia’s Intersekt Festival. The backdrop of the trade mission is the ideal environment to not only launch, but to tap into the Australian fintech talent market as well.

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Know-It Global

AUGUST 22, 2023

On 28 th August, Scottish fintech Know-it , led by Founder and CEO Lynne Darcey Quigley , will embark on the 2023 UK Fintech Trade Mission to Australia’s Intersekt Festival. The backdrop of the trade mission is the ideal environment to not only launch, but to tap into the Australian fintech talent market as well.

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Know-It Global

AUGUST 22, 2023

On 28 th August, Scottish fintech Know-it , led by Founder and CEO Lynne Darcey Quigley , will embark on the 2023 UK Fintech Trade Mission to Australia’s Intersekt Festival. The backdrop of the trade mission is the ideal environment to not only launch, but to tap into the Australian fintech talent market as well.

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