How to Set 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 are
How to Calculate Customer Credit Risk
Customer credit risk has become a major concern in the new normal. Even companies that were financially sound before the start of the recession are struggling to survive until the economy recovers. In this challenging
Tools for Credit Risk Management and Cash Flow Protection
It is a challenge in the new normal to manage credit risk and protect cash flow. The rapidly changing economic environment and its impact on the credit worthiness of customers makes it imperative that
Understanding The Basics of Credit Management
Credit management has become critical in the new normal. Many companies are delaying payments to suppliers to conserve cash because of the uncertainty. Credit rating information has become less reliable. Procedures for granting credit
The Importance of Contact Management in Collections Activities
Contact management is an integral part of collections activities. Collection automation products use information about customers, credit, accounts receivable and other important information to schedule collection activities for collectors. This frees up collectors to
How to Mitigate Credit Risk By Establishing a Customer Relationship
Credit risk has increased dramatically in many industries because of the uncertain business environment in the new normal. Businesses in non-essential industries and those in heavily impacted services such as travel and hard-hit geographic
How to Mitigate Credit Risk in Business with Installment Plans
The uncertainty of when the economy will open up and how fast it will open is part of the new normal you need to adjust for in making credit decisions. Non-essential businesses are subject
How to Project Cash Receipts in the New Normal
Projecting cash receipts has taken on a new importance for many companies in the new normal as they struggle to survive in an uncertain business environment. Many businesses have cut back operations or closed
How to Handle Credit Scoring During the New Normal
The uncertainties of how customers will pay their bills in the face of full or partial shutdowns of unknown duration, and the unpredictable amount of time required for the economy to fully recover once all
