The Cost of Credit
The cost of NOT offering credit to customers is lost sales and the gross profit that would have been earned on the lost sales. Because nearly 60% of U.S.-based B2B sales are paid
The cost of NOT offering credit to customers is lost sales and the gross profit that would have been earned on the lost sales. Because nearly 60% of U.S.-based B2B sales are paid
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
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
What is e-invoicing? E-Invoicing, also known as electronic invoicing or e-invoicing, is the process of exchanging business documents in an electronic format. Using this secure digital medium to send and receive invoices, purchase
The age-old question - DSO vs DPO. Businesses today have a strong tendency to favor Days Payable Outstanding (DPO) over their Days Sales Outstanding (DSO). While having a low DPO has many
Credit risk management (CRM) is a process that is designed to help businesses identify and assess potential credit risks, as well as methods for mitigating or reducing those risks. This practice is