Archive for the ‘Commercial Credit Management’ Category
Credit Management Complications in Construction
Tuesday, August 31st, 2021The construction industry is a financial minefield. To navigate and manage commercial credit in construction, know the risks in advance.
A Sound Credit Policy Is Key to B2B Credit Management
Tuesday, June 22nd, 2021Commercial credit is an important element of business strategy, but it does introduce an element of risk. With due diligence, lenders can keep clients happy, increase cash flow, and limit inherent risk.
Leveraging Artificial Intelligence Throughout the Credit Management Process
Thursday, May 21st, 2020Artificial Intelligence (AI). It’s a hot topic, and to some, it’s can be a scary topic. The movies have not always portrayed AI in a very positive light, and in the workplace, many people are apprehensive that it might put them out of a job. In reality, AI has great potential to make their jobs…
Why You Should Submit Your Customers’ Payment History Information to Credit Bureaus
Thursday, October 10th, 2019Most businesses today rely on extending credit to its business account customers. Unfortunately, there is always risk involved in lending, and it’s up to the lending company to perform due diligence before extending credit. One good source for information that will help you analyze the risk for a potential credit customer is a credit reporting…
Is it Time to Call in Credit Management Professionals?
Friday, July 14th, 2017Do you have past-due credit accounts that you’ve tried everything to collect on? Perhaps you’ve given debtors reminders, warnings, written demands, calls, and maybe event in-person visits — but you still aren’t getting any responses. To get the most out of your overdue accounts, you’ve likely exhausted all your options. The next logical plan of…
What Does Credit Management Training Have to Do with Your Bottom Line?
Wednesday, March 29th, 2017Company owners often underestimate the effects of proper training on their employees — and especially on their bottom lines. How could excellent credit management training can help increase your profitability?
Credit or No Credit? It’s Not a Guessing Game Anymore
Tuesday, February 16th, 2016As an experienced credit manager, you probably know the criteria you use to extend a line of credit like the back of your hand. Your decisions are probably based on deep experience and a highly tuned intuition that you’ve earned over the years. But, despite all your experience, there’s more to it in today’s enterprise….