Tools for Credit Risk Management
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
Protecting Your Cash Flow with Credit Management
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
Your Guide to Credit Risk Management in 2023
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?
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
DSO is more important than DPO
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: What You Need to Know
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
Leveraging Automation for Credit Scoring
In today's economy, it is essential to be able to allocate credit where it is needed most. This means that businesses need to have accurate and up-to-date information about their customers' creditworthiness.
How to Continually Monitor Customer Creditworthiness for Improved Collections
The rapidly changing business environment in the new normal has made it more important than ever to continually monitor customer creditworthiness. Under normal conditions, many companies only reviewed customer creditworthiness on a quarterly or
The Cost of Credit – What Is It Costing You to Offer Credit to Customers?
The cost of offering credit to customers is made up of three components: Time value of money Bad debt losses Cost of credit and collection functions The cost of NOT offering credit to customers
On-Demand Webinar: Credit Risk Management Best Practices
The purpose of credit management is to provide a process for extending credit and collecting accounts receivable consistent with your company’s commercial and financial objectives. In the new normal managing credit risk and protecting
