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How to make an effective Credit Policy

CICM

What is a Credit Policy? A credit policy is a set of rules that businesses and organisations use to manage the extension of credit to customers and clients. A credit policy is put in place to minimise financial risks and ensure a healthy and stable cash flow for your business or organisation.

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Risk Management Strategies: Prevent, Shift, and Improve

PDC Flow

An essential part of running an accounts receivable business is keeping up with trends that will impact the industry and your agency. Working from home and socially distanced office work during the pandemic have created unforeseen risks that have never been a concern before. Operational Risk Management. Operational Risk Management.

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How to Manage International Collections

Taurus Collect

When it comes to managing international collections, one key aspect that often stands as a challenge for businesses is international credit checking. Stay tuned as we unravel the world of international credit checking, a crucial yet often overlooked aspect of global business operations.

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Coast to Coast: the State of Privacy and Compliance in 2023

True Accord

Disclaimer: The information provided in this blog post does not, and is not intended to, constitute legal advice. Protecting consumer privacy is not an unfamiliar concept in our industry and it’s something that should already be woven into our policies, procedures, and practices. Watch the full webinar on-demand now!

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Top 3 Actions for Delinquency Management Alleviating Inflation Concerns

Fico Collections

Customers couldn’t be faulted when they heavily offset the drop in purchasing power and disposable income by leveraging a higher utilization of credit products that they have at their disposal towards staying afloat in these perilous times. Top 3 Actions for Delinquency Management Alleviating Inflation Concerns. FICO Admin. by Cyril Cherian.

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Risk and Lending Predictions 2023: Hyper-Personalisation and More

Fico Collections

The combination of events prompted unprecedented levels of financial support being provided by governments around the world to both individuals and businesses to enable them to survive the economic consequences. It’s a move typified in the UK by the launch of the FCA’s Consumer Duty , which reinforces a host of customer safeguards.

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Safe Harbour for Cash in the Perfect Storm – A guest blog by Serrala

CICM

While a successful vaccination programme is counterbalancing some negative effects from Brexit to a certain degree, an overall loss between GBP 12 bn and GPB 24 bn for 2021 is projected by global credit insurer Euler Hermes. How Insolvencies and Trade Disruptions Will Impact Credit Managers. Will goods be delayed?