10 Essentials of Credit Management

On Guard

10 Essentials of Credit Management. Credit management has become an increasingly important aspect of many organisations over the past years. And rightly so, because a lot can be achieved with a well-structured credit management process in place.

Credit Management Company Partners with BillingTree

Credit Management Company

May 2021 , In a continued effort to provide their clients with the best-in-class service and optimize the patient experience, Credit Management Company (CMC) is proud to announce their partnership with BillingTree! About Credit Management Company. Pittsburgh, PA. –

Is Your Credit Management Futureproof?

On Guard

With the current lack of certainty, finance teams must now focus on future-proofing their credit management. Having always been a key component, good credit management is now critical to business survival in these uncertain times.

Podcast: Fraud in B2B Credit Management

NACM

?? This week's episode of NACM's Extra Credit #podcast is all about fraud. Credit departments have reported an increase in attempts to setup fraudulent accounts, and fraud can even take place during your product's journey to the customer.

From Excel to Excelling with Credit Management Software

On Guard

From Excel to Excelling with Credit Management Software. It may come as a surprise, but a large number of businesses still rely on Excel for credit management. Alternatively, they are bringing in new credit management systems with a focus on improving time management.

Data-driven credit management: four important considerations

On Guard

Data-driven credit management: four important considerations. For example, data-driven credit management can help to reduce the days sales outstanding (DSO) and help credit managers to create a better understanding of risk profiles.

Why a Solid Credit Management Strategy is Vital for Your Business

JMA

Cash flow is king in any business of any size, Read more » The post Why a Solid Credit Management Strategy is Vital for Your Business appeared first on JMA Credit Control

Whitepaper | Handbook for all your daily credit management challenges 

On Guard

The handbook for all your daily credit management challenges. In this handbook, we discuss the three main credit management challenges and give practical tips to ensure a financially healthy organisation.

Whitepaper | Handbook for all your daily credit management challenges 

On Guard

The handbook for all your daily credit management challenges. In this handbook, we discuss the three main credit management challenges and give practical tips to ensure a financially healthy organisation.

Using ERP for credit management? There’s a better way

On Guard

After all, it helps you manage all your core business processes from a single application. You can even manage inventory and keep track of finances. Dunning, chasing up payments, negotiating terms, reporting, managing data, processing accounts receivables… the list goes on and on.

Coffee conversation with Sue Chapple, CICM on the future of the credit management industry and the renewed importance of the credit manager

On Guard

Sue Chapple is the Chief Executive of the Chartered Institute of Credit Management(CICM), the world’s largest professional credit management organisation. Onguard Coffee Conversations – Interview with Sue Chapple of the CICM .

Digital transformation in credit management: how far have we come?

On Guard

In a previous blog just over three years ago, we discussed then-nascent technology – including artificial intelligence (AI) and Robotic Process Automation (RPA) – and its potential to shake up the credit management process for suppliers.

5 key success factors for the smooth implementation of a credit management strategy

On Guard

5 key success factors for the smooth implementation of a credit management strategy. Credit management strategies are a vital aspect of any business. Therefore, it is crucial to ensure the smooth implementation of a credit management strategy.

Q&A 4 | Why should I switch from Excel to credit management software?

On Guard

In instalment four of our Q&A series, Debbie Staat, Manager Customer Success & Support , discusses how businesses can embrace the future of credit management technology – leaving legacy systems behind and investing in new software to help streamline processes and payments.

The Seven Habits of Highly Effective Credit Managers

Debt Recoveries

Since forming a debt collection company many years ago, I have had the opportunity to meet many small and medium enterprises (SME’s) and company owners and see how they manage their accounts receivable internally. Others have such well-managed internal systems; they have little or no bad debt.

Power up your ERP for flexible credit management

On Guard

An Enterprise Resource Planning (ERP) system is a powerful tool for credit management and most companies, of all sizes, are now implementing ERP, according to a recent report. Instead, specialist credit management software can be used in tandem to enhance existing systems.

Coronavirus Crisis: 3 Tips for an Effective Data-Driven Credit Management Policy

On Guard

Coronavirus Crisis: 3 Tips for an Effective Data-Driven Credit Management Policy. As a credit manager, right now your biggest priority will be ensuring that your invoices are still being paid so you can maintain cash flow and ensure your organisation can continue to operate.

Conducting Experiments in Credit Management: 4 Best Practices

Fico Collections

As credit issuance, account management and collections enter the digital age, the opportunity for innovative experimentation is accelerated and made more complex by the wide range of data and decision points a digital platform enables.

CICM creates new Professional Standards to champion and benchmark excellence in credit management

CICM

(January, 2022) A new set of Professional Standards that defines the unique skills and contribution that credit professionals deliver in protecting and growing business and the economy has been launched by the Chartered Institute of Credit Management (CICM), the largest recognised professional body in the world for the credit management community. There are many out there who have only a very narrow view of a career in credit, if any understanding at all.

The Case for Outsourcing Collections – published August 23, 2022 in Your Virtual Credit Manager

AGA

Credit & Collection results suffer greatly from lack of attention and expertise. Perhaps more than any other small business function, Accounts Receivable (AR) Management gets put on a back burner because it is nobody’s prime responsibility. Hiring an experienced full-time person to perform the Credit & Collection tasks may be simply unaffordable for a small or even a mid-sized business.

Checklist for your daily credit management challenges

On Guard

Alongside a range of different processes you have to deal with, you want to keep customers and colleagues happy and do everything possible to advise the management team well, with the objective of achieving the organisation’s financial goals.

Checklist for your daily credit management challenges

On Guard

Alongside a range of different processes you have to deal with, you want to keep customers and colleagues happy and do everything possible to advise the management team well, with the objective of achieving the organisation’s financial goals.

Driving the Future of Credit Management- guest blog by Laurie Beagle FCICM, Managing Director at Forums International Ltd

CICM

I believe that credit professionals have the enviable task of contributing, in a big way, to the future prosperity of the companies they work for. Are you prepared to increase credit limits? If you are Credit Insured have your insurers been reducing cover? 23 July 2020.

Behind the Scenes with Robin Prince, Vice President of Operations

Credit Management Company

Credit Management Company exists to provide world-class customer experience, unmatched value to our clients, and a growth-driven environment for our employees.”. Credit Management Company CMCOur mission statement shows the commitment we have towards our clients.

Behind the Scenes With Jessica Fritz

Credit Management Company

Our mission statement shows the critical role our employees play in our organization: “Credit Management Company exists to provide world class customer experience, unmatched value to our clients, and a growth-driven environment for our employees.”. Credit Management Company

Consumer Financial Protection Bureau Sues Debt Collectors and Debt Buyers Encore Capital Group, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp.

Consumer Finance

and its subsidiaries, Midland Funding, LLC; Midland Credit Management, Inc.; Today the Consumer Financial Protection Bureau (Bureau) filed a lawsuit against Encore Capital Group, Inc. and Asset Acceptance Capital Corp. Press release Debt collection Enforcement

Better Credit Management = Less Bad Debt

JMA

Read more » The post Better Credit Management = Less Bad Debt appeared first on JMA Credit Control Late payments and bad debts. These are two of the biggest headaches for any business owner. Too many late payments and too much bad debt can mean the end of a business.

CFPB Debt Collection Rules: What You Need to Know

Credit Management Company

Trying to manage this in-house often requires special training for staff members working on collection accounts. Debt itemization (fees, payments, credits, interest). Debt collectors must take several steps before contacting a credit reporting company.

Consumer Financial Protection Bureau Settles Lawsuit with Debt Collectors and Debt Buyers Encore Capital Group, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp.

Consumer Finance

On October 15, 2020, the Consumer Financial Protection Bureau filed a proposed stipulated final judgment and order to settle its lawsuit against Encore Capital Group, Inc., and its subsidiaries. Press release Debt collection Enforcement

Judge Grants MSJ in Separate FDCPA Suit Filed Over Same Account

Account Recovery

Midland Credit Management can … The post Judge Grants MSJ in Separate FDCPA Suit Filed Over Same Account appeared first on AccountsRecovery.net. Midland Credit Management District Court for the Eastern District of Missouri Judge Stephen N.

Judge Grants Motion to Compel Depositions in FCRA, FDCPA Case, But Issues Warning to Plaintiff’s Attorney

Account Recovery

A District Court judge in Indiana has granted a plaintiff’s motion to compel depositions in a Fair Credit Reporting Act and Fair Debt Collection Practices Act case that features a few interesting twists and turns.

How to Cultivate Better Relationships with Debtors

Credit Management Company

In years past, third-party credit collections companies had a bad reputation when it came to customer relations. When individuals or businesses fall behind in payments, the situation often results in frustration and a breakdown in communication for both the debtor and the creditor.

Appeals Court Overturns $350k Damages Award Against Collector

Account Recovery

Midland Credit Management can be … The post Appeals Court Overturns $350k Damages Award Against Collector appeared first on AccountsRecovery.net. Midland Credit Management Standing

Get Ahead with Early Out

Credit Management Company

At Credit Management Company (CMC), we’ve been partnering with healthcare companies for decades, and have developed a sterling reputation for effective, ethical, and empathetic healthcare collections.

California Appeals Court Overturns Defendant’s Anti-SLAPP Win in RFDCPA Case

Account Recovery

Midland Credit Management