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Creating models to predict payment probabilities using the power of debt collection analytics is a key step in data analytics.
A 653 FICO® Score is considered Fair, with approximately 17% consumers having Fair scores and the potential of higher fees from lenders.
Vendor invoice management is a strategy for tracking and paying supplier invoices that offers benefits like cost savings and improved vendor relationships.
Accounts receivable outsourcing can bring advantages like cost reduction, efficiency, but it could impact control and customer relationships.
Learn how to check credit card transactions online through your bank's website or the card issuer's mobile app.
Accounts receivable becomes a current asset, expected to be converted to cash within one year, crucial for liquidity.
Explore effective bad debt recovery strategies, from tightening credit control policies to leveraging technology for efficient collections.
Explore distressed assets, properties sold at reduced price due to owner pressure, offering potential high returns for strategic investors.
Achieve quicker payments and healthier business finance by automating and consolidating receivables as a part of accounts receivable process improvement ideas.
An accounts receivable analysis assesses the efficiency of receivables, evaluates financial stability, optimizes cash flow, and addresses payment delays.
Blog discusses effective strategies for a collection team, including setting clear goals, providing feedback, rewarding financial wins, and fostering remote work culture.
Benefit of outsourced debt recovery: improved cash flow from quicker recovery of outstanding debts, enhanced liquidity and better financial stability.
Term loans include principal amount, interest rate, and fixed repayment schedule, typically spanning five to ten years.
Understanding the accounting cycle involving credit purchase journal entry crucially affects tracking credit purchases and sales.
Collection letters, or Dunning letters, play a crucial role in overdue account recovery improving cash flow.
The blog discusses otc collections in the context of the order to cash (O2C) process, focusing on its role in business operations.
Collection process in BPO involves account review, customer communication, payment negotiation, and follow-up to maintain healthy business cash flow.
Understand outstanding accounts receivable and its role in a company's cash flow and financial stability. Explore its challenges in business environments.