Setting Customer Credit Limits
Credit limits are an essential tool for managing credit risk and protecting your company’s cash flow. Orders in excess of credit limits are automatically placed on hold for credit review. If credit limits
Credit limits are an essential tool for managing credit risk and protecting your company’s cash flow. Orders in excess of credit limits are automatically placed on hold for credit review. If credit limits
Customer credit risk has become a major concern for businesses today. Companies that were financially sound for decades, are seeing struggles in today’s economy. Calculating and monitoring customer credit risk is essential to
Credit scoring can be a useful and efficient tool for assessing business credit risk. There are several business credit scoring strategies that you can use. Here are some things that you should consider
Since new methods of credit management can take more time than simply checking a credit report, there are tools that will help to make this job easier. There are a few different
With a focus on matching accounting team workflows and expectations, we've made several enhancements to the way Sage Inbox manages AR and AP Workflows. Among these are the inclusion of credit memos and
As a Sage 50 UKI user, you understand the importance of tracking your incoming and outgoing payments. A shared accounting inbox can be a great way to do this, allowing AR and AP
In the fast-paced world of accounting, efficiency is key. With the increasing demand for quicker and more accurate financial management, many accounting teams are adopting self-service portals. A self-service portal is an online
Accounts receivable (AR) teams, today, are bombarded with emails all day, every day. On average, AR inboxes receive over 100 emails each day. And a good number of these are requests from customers
The purpose of credit management is to develop a process for extending credit and collecting consistent with your company’s commercial and financial objectives. The goal is to achieve your cash flow targets. If
For B2B businesses, credit management is essential for accounts receivable (AR) management success. Proper, healthy credit management allows for steady cash flow, better collections management and a manageable days sales outstanding (DSO). As