On Guard

MAY 17, 2021

Especially in debtor management, there is a lot to gain by having a complete overview of your debtors and financial processes. Don’t miss our webinar to see how CreditManager can take your finance department and debtor management to the next level. Would you like to know how? How can CreditManager help you?

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Debtor Credit Management 52

AGA

MAY 23, 2023

How to Rehabilitate a Debtor and Save a Profitable Customer By David Schmidt courtesy of Your Virtual Credit Manager Business customers pay for the goods and services they purchase from other companies. Problematic customers, or debtors if you will, are much less profitable and more likely to cause a bad debt loss.

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Debtor Credit Management Collections 40

On Guard

NOVEMBER 17, 2020

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. These software solutions enable finance professionals to meet the credit management challenges outlined above.

Credit Management 52

Credit Management Debtor 52

On Guard

NOVEMBER 17, 2020

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. These software solutions enable finance professionals to meet the credit management challenges outlined above.

Credit Management 52

Credit Management Debtor 52

Credit Management Company

SEPTEMBER 30, 2022

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. At CMC, our decades of experience have led us to develop a proven process of building professional relationships with debtors on behalf of our clients.

Debtor 52

Debtor Creditors Fair Debt Collection Collections 52

CICM

FEBRUARY 27, 2023

One of the key obstacles when keeping on top of a debtors ledger is that often, business owners are afraid of damaging long-term customer relationships. What approach can you take to keep on top of debtor ledgers? As the customer’s priority is to manage their own cashflow, they may look to exceed their payment terms if possible.

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Credit Management Debtor Creditors Debt collector 40

On Guard

OCTOBER 12, 2020

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. As a result, during these uncertain times, in particular, using an ERP on its own can put credit managers at a disadvantage.

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Credit Management Retrieval Debtor Collections 52

On Guard

JUNE 30, 2022

The findings from Visma | Onguard’s fifth annual Fintech Barometer also showed that there was a decrease in professionals using specialist credit management software, reducing from 38% in 2021 to 36% in 2022, while as many as 8% said that they didn’t use any type of program for debt management at all.

Debtor 52

Debtor Credit Management Debt Management 52

On Guard

JUNE 30, 2022

The findings from Visma | Onguard’s fifth annual Fintech Barometer also showed that there was a decrease in professionals using specialist credit management software, reducing from 38% in 2021 to 36% in 2022, while as many as 8% said that they didn’t use any type of program for debt management at all.

Debtor 52

Debtor Credit Management Debt Management 52

On Guard

JULY 5, 2022

With Excel proving to be a mainstay, there’s also been a decrease in professionals using specialist credit management software, reducing from 38% in 2021 to 36% in 2022, and almost one-in-ten (8%) said that they don’t use any type of program for debt management. Escape Excel. Free from frustrations.

Debtor 52

Debtor Credit Management Debt Management 52

CICM

JULY 11, 2022

In our latest blog, the Menzies LLP Creditor Services team looks at what we should do when dealing with our aged debtor list. The post Keeping your debtor days down – A guest blog by Menzies LLP appeared first on Chartered Institute of Credit Management. Spotting the signs of trouble. Have they asked for copy invoices?

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Debtor Creditors Credit Management Collections 40

On Guard

MARCH 1, 2024

The credit management department have just had to grin and bear it. ‘Debtors are often fully aware of what they have to pay but if it’s not written out, the organisation has nothing to fall back on. Keep in touch with debtors ‘Strike while the iron is hot’, advises Stephan. But how can we resolve this issue?

Credit Management 52

Credit Management Debtor 52

On Guard

JUNE 15, 2023

As part of our company’s rebranding initiative, we are strategically pivoting our attention away from order-to-cash solutions, placing a strong emphasis on credit management. Enhanced profitability, fast payments and predictable cash flow through smart credit management is what we prioritise.

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Credit Management Debtor 52

On Guard

APRIL 20, 2023

Improving credit management Not always being able to work data-driven is one of the issues that finance professionals encounter in their daily work. There are also other stumbling blocks that make it difficult to improve credit management processes. This leads to decisions being made faster, better and more accurately.

Credit Management 52

Credit Management Debtor 52

CICM

SEPTEMBER 3, 2021

Some of the changes in the pandemic for credit management and enforcement were temporary and have started to fall away, but others remain, making the enforcement landscape indelibly altered. Our enforcement agents now undertake visits in a more sympathetic way, which has created better engagement with debtors. In conclusion.

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Judgment Enforcement Judgment Credit Management Debtor 79

On Guard

SEPTEMBER 2, 2021

The partnership includes the integration of Visma | Onguard’s software solution for credit management, within CIB. The debtor management software solution is part of Visma | Onguard’s software platform to automate and optimise the entire order-to-cash process. A win-win situation for the customer!” .

Collections 52

Collections Credit Management Debtor 52

Debt Recoveries

JULY 24, 2022

Dealing with non-paying customers can be extremely frustrating, as any credit manager knows. While customers will do anything to avoid paying their debts, it is more practical to hire the services of a debt collection expert to persuade debtors to make payments. . disposal to track down evading debtors.

Collections 40

Collections Debt collector Collection Agencies Collections Agency 40

Debt Recoveries

SEPTEMBER 19, 2022

When considering legal action, ensure that a trained and professional debt collector contacts your debtor after the debt is placed with the agency, Debt Recoveries Australia. This has proven to be a highly effective business model for credit managers in recovering seemingly unrecoverable debts. Step 1: Collecting debt .

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Debt Recovery Collections Debtor Lawyers 52

On Guard

NOVEMBER 17, 2021

The result is a more effective credit management process with faster payments, less risk and more satisfied customers. The highlights are: Debtor Portal. With the new Debtor Portal , you are able to improve your customer communication. With the new Debtor Portal , you are able to improve your customer communication.

Accounts Receivables Management 52

Accounts Receivables Management Debtor Credit Management Collections 52

Debt Recoveries

AUGUST 7, 2022

Indeed the best credit manager may require the assistance of a skilled debt collector at some point. Furthermore, any business or company that provides credit will require the services of a good debt collection agency, especially with a recession around the corner. . Consider using software such as Debtor Daddy or Chaser. .

Debt Recovery 52

Debt Recovery Collections Debtor Debt collector 52

CICM

OCTOBER 6, 2023

It is a form of insolvency that involves a court-supervised process aimed at helping the debtor to manage their debts and repay their creditors. During the bankruptcy process, a trustee is appointed to manage the debtor’s assets and liabilities, and to distribute any available funds to the creditors.

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Creditors Debtor Bankruptcy Credit Management 52

Debt Recoveries

MAY 28, 2023

A widespread fear of destroying client connections, a reliance on “handshake” agreements, and the perception that bad debts are inevitable are some other causes of poor credit management. Do not be reluctant to take more aggressive measures if it is obvious that the debtor will not make payment. Keep your promise.

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Debt Recovery Debtor Repossession Collections 52

On Guard

SEPTEMBER 8, 2020

The additional pressures of the Covid-19 crisis have also led over a third of finance professionals (35%) to believe that their organisation lacks the specialist software required for efficient working, with more than half (55%) still relying on programs such as Excel and Numbers for their credit management on a daily basis.

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Debtor Credit Management 52

On Guard

SEPTEMBER 2, 2020

According to the CICM, the most important report for any credit manager is the Aged Debt report. Create automated management reporting templates and schedule the frequency of reporting to senior management. Onguard Credit Manager is the most intuitive and easy-to-use cash collection tool on the market.

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Collection Agent Collections Credit Management Debtor 52

ABI

JANUARY 12, 2022

Generally, student loan debt will not be discharged in a case under title 11 of the United States Code (the “Bankruptcy Code”) unless there is a showing of “undue hardship on the debtor and debtor’s dependents.” 7] The debtor disagreed and filed a cross motion for Summary Judgment. [8]. as provided by section 523(a)(8). [1]

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Student loans Student Loans Loans Debtor 45

On Guard

FEBRUARY 17, 2022

Not every professional involved in credit management has sufficient insight into a customer’s profile. In the unlikely event that there is an excessive payment risk, credit insurance is not an unnecessary luxury. However, it’s worth noting that credit insurers grant each debtor a different, usually limited, limit.

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Creditworthiness Credit Management Collection Agencies Collections Agency 52

CICM

JULY 14, 2023

It can be in cases where you know the debtor has funds and the threat of insolvency is likely to make them respond. The post Best practice tips for Legal Processes appeared first on Chartered Institute of Credit Management. This can be done directly or with the help of a solicitor, with template forms available online.

Unsecured Creditor 52

Unsecured Creditor Credit Management Collection Agencies Collections Agency 52

Taurus Collect

APRIL 9, 2024

Educate Your Team: Ensure your team is well-versed in effective credit management and negotiation skills. Flexible Solutions: Demonstrate a willingness to work out flexible payment arrangements that account for the debtor’s circumstances. Monitoring feedback can help you refine your approach.

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Collections Debt Recovery Collection Agencies Collections Agency 69

Credit Management Company

APRIL 5, 2022

At Credit Management Company, we continue to find innovative technologies that will help better support our clients. Visit our website to learn more about the technology used at Credit Management Company. As such, companies should be transparent about their tactics for contacting debtors as well.

Collection Agencies 52

Collection Agencies Collections Agency Collections Collection Agent 52

Credit Management Company

FEBRUARY 22, 2022

However, the FDCPA only protects consumer debtors. It offers no protection to commercial debtors such as a company. Since we’ve dispelled some of the myths about collection agencies, we hope you can see these collectors aren’t evil, greedy groups and offer several means to help both businesses and debtors.

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Collection Agencies Collections Agency Collections Debt collector 52

CICM

JULY 2, 2020

Certainly some early CICM research suggests trouble ahead, and the impact will be shared with equal pain by debtors and creditors alike. The post The only certainty is uncertainty – by Sue Chapple FCICM appeared first on Chartered Institute of Credit Management.

Credit Management 72

Credit Management Debtor Creditors 72

Credit Management Company

OCTOBER 27, 2022

This rule limits how often a collector can contact a debtor while also establishing rules around social media and what information must be included in a voicemail. Credit Management Company provides full-service accounts receivable and collection management programs for healthcare companies.

Debt collector 52

Debt collector Collections Healthcare Credit Management 52

The Kaplan Group

NOVEMBER 9, 2020

When trying to decide what the riskier or safer course of action is, we consider not only the amount of money owed, but also the specific debtor company and management, the business sector and the economy in general. Our larger clients, and those with professional credit management staff, tend to litigate when the ROI looks promising.

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Collections Collection Agent Credit Management Debtor 59

On Guard

DECEMBER 9, 2022

But by combining lots of (un)structured data from different sources, it is possible to use the data as a basis for informed decisions and predicting customer or debtor behaviour. The moment you can predict that a debtor is going to pay late or not pay, for example, it is smart to take action. What does this mean for the credit manager?

Credit Management 52

Credit Management Debtor Acquisition Financial services 52

On Guard

DECEMBER 9, 2022

But by combining lots of (un)structured data from different sources, it is possible to use the data as a basis for informed decisions and predicting customer or debtor behaviour. The moment you can predict that a debtor is going to pay late or not pay, for example, it is smart to take action. What does this mean for the credit manager?

Credit Management 52

Credit Management Debtor Acquisition Financial services 52

Credit Management Company

AUGUST 9, 2022

If a company manages a large volume of consumer debt, it takes considerable resources to follow up with each debtor in writing. In these cases, it’s often more efficient to partner with a reliable third-party collection agency like CMC to manage debt validation and collections.

Debt collector 52

Debt collector Debtor Fair Debt Collection Original Creditor 52

UK debt collections

MARCH 24, 2022

A quarter of businesses (26%) say it now takes their customers more than 30 days to settle outstanding invoices, with debtors most commonly citing cashflow pressures (33%) and late payments from their own customers (28%) as their reasons for paying late.

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Construction Banks Credit Management Debtor 83