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Understanding Your Business Credit Score Range

Lendio

A personal credit score determines the level of risk that comes with lending to you. You use it to apply for credit cards and other financing options to cover major purchases. A business credit score works similarly, except instead of evaluating your risk as an individual, financial institutions evaluate your business’s viability.

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Is Your AR Management up to the Task?

Your Virtual Credit Manager

Subscribe now Ten Reasons Accounts Receivables Under Perform Failure to Conduct Credit Checks: Sometimes newer business are so excited to get an order, they fail to check the new customer’s credit, only to end up selling to a deadbeat and not getting paid. Here’s more on Credit Checks.

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Effective Strategies For Managing Credit Risk In Your Business

Know-It Global

As a business owner, it’s essential to understand and manage credit risk to maintain a healthy cash flow and avoid financial losses. Credit risk is the potential for a borrower to fail to repay a loan or credit extended to them. The good news is you can avoid these issues. Did you know?

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Simple Steps to Writing Effective Collection Letters

Credit Management Group UK

What should be considered when writing effective collection emails ? Include the correct details Including the correct contact and bank details is essential to prevent any further delays in payment; your customer is less likely to be in a rush to try and contact you if you haven’t made it easy for them to do so.

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5 strategies to reduce future cybersecurity threats in the healthcare revenue cycle

Waystar

PCI DSS The Payment Card Industry Data Security Standard (PCI DSS) validates that any organization processing credit card payments is authorized to do so. This was called into sharp focus recently, when a cyberattack breached the network of a health IT giant, disrupting operations for healthcare organizations across the U.S.

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FedNow implementation: What fraud and AML professionals need to know

Abrigo

Takeaway 3 An important way to limit fraud is to design FedNow offerings to control how customers or members use them. This article describes what financial crime staff need to know about how the FedNow Service works and what to do now to prepare fraud and AML functions for the bank or credit union’s implementation of this service.

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Know-It Global

As a business owner, it’s essential to understand and manage credit risk to maintain a healthy cash flow and avoid financial losses. Credit risk is the potential for a borrower to fail to repay a loan or credit extended to them. The good news is you can avoid these issues. Did you know?