On Guard

JULY 25, 2024

2 Three main challenges to technology in credit management Although new technologies -such as AI, RPA and blockchain- are on the rise within the finance department, implementation does not always go smoothly: 28% of finance professionals state that their team lacks the skills and/or knowledge to implement the technology.

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CICM

NOVEMBER 6, 2023

Why Accounting Matters to Credit Professionals Accounting and credit management are closely interconnected, with the principles of accounting providing the foundation for effective credit management strategies. The course covers the core accounting principles essential for effective credit management.

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Account Recovery

JANUARY 7, 2022

Commercial Collection Agencies of America has elected its new Board of Directors and has announced the slate of officers of the organization. Board members include Pete Roth of CST Company, Fred Wasserspring of Lyon Collection Services, Inc., David Herer of ABC-Amega, Inc., David Herer of ABC-Amega, Inc.,

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On Guard

OCTOBER 31, 2023

Credit management, a term often associated with the finance department, turns out to be a dynamic process involving several departments within an organisation. Let’s face it, manual credit checks and invoice processing can be time-consuming and error-prone. Think sales, marketing, customer success and IT.

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CICM

MAY 24, 2023

When Chris was approached by the operations director at his organisation about the trouble with their collections, his chance to ‘have a go’ at a role, turned into his lifelong career. But, when his manager asked about anything he would like to study, he found us – the Chartered Institute of Credit Management.

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CICM

MAY 24, 2023

When Chris was approached by the operations director at his organisation about the trouble with their collections, his chance to ‘have a go’ at a role, turned into his lifelong career. But, when his manager asked about anything he would like to study, he found us – the Chartered Institute of Credit Management.

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CICM

JUNE 6, 2023

However, if you are interested in the world of business and finance, an apprenticeship in credit management could be an excellent option for you. In this blog, we’ll delve into why you should seriously consider making an apprenticeship in credit management your next move. An apprenticeship is a great way to find yours!

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On Guard

APRIL 28, 2023

Using credit management software makes it possible to bring together all customer information and generate a comprehensive customer profile. Read further and discover how Visma | Onguard’s credit management solution can help your organisation streamline its customer journey. Credit management software solutions 4.

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Qualco

OCTOBER 25, 2023

This shift also reshapes the realms of credit and collections as a collaborative model, revolutionising how financial data is used. It drives personalised and beneficial services, enhances customer experience and improves financial and personal well-being.

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On Guard

AUGUST 9, 2023

Which FinTech technologies are transforming the credit management process? Digital transformations: the future of credit management Big data & AI Expectations of big data and artificial intelligence (also known as artificial intelligence or AI) have been high for years.

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On Guard

SEPTEMBER 28, 2020

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. This is as true in credit management as any other area. Automation and AI.

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CICM

OCTOBER 25, 2023

Enhancing Efficiency Through Automation & AI Integration The credit management landscape looks vastly different compared to ten years ago. In this blog, we will look at just a few examples of how the latest technology is improving efficiency in today’s credit and collections management environment.

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Credit Management Company

MAY 19, 2021

. – 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.

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On Guard

MAY 16, 2023

This makes for a challenging time for credit management staff. For one in five (18%) organisations, the uncertain economic conditions create challenges in improving credit management. A healthy DSO In a good approach to credit management, having a healthy DSO is crucial.

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CICM

JUNE 6, 2023

What is Credit Management? Credit Management is the strategy a business uses to safeguard its investment in its customers. When an organisation lends goods, services or money to others, the credit management function makes sure their transaction with that customer is safe and profitable.

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On Guard

DECEMBER 1, 2022

Using credit management software makes it possible to bring together all customer information and generate a comprehensive customer profile. Read further and discover how Visma | Onguard’s credit management solution can help your organisation streamline its customer journey. . Credit management software solutions.

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Credit Management Debtor Creditworthiness Collections 52

Qualco

APRIL 18, 2024

NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. You can view it here. Download it here.

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Collections Credit Management Creditors Government 105

Debt Recoveries

DECEMBER 6, 2020

Hi, my name is Adam Stewart, Debt Collection Expert and owner of Debt Recoveries Australia. 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.

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Credit Management Debt Recovery Accounts Receivables Management Financial Institution 59

On Guard

JUNE 15, 2020

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. Lesson 3: Use existing APIs. Lesson 4: Take small steps. Get stuck in!

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Qualco

FEBRUARY 13, 2024

NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. You can view it here. Download it here.

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Collections Credit Management Creditors Government 101

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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Qualco

OCTOBER 16, 2023

NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. You can view it here. Download it here.

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Collections Credit Management Creditors Government 98

AGA

AUGUST 23, 2022

Don’t Overlook the Strategic Opportunity Provided by Outsourcing Collections. 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.

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Account Recovery

NOVEMBER 11, 2024

The good times keep rolling at Encore Capital Group, which reported a 58% jump in new income for the third quarter of 2024, compared with the same quarter last year, driven by its Midland Credit Management (MCM) operation, which continues to capitalize on record levels of charged-off debt available for purchase.

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On Guard

JANUARY 19, 2021

That’s why Onguard credit management software can be provided for use alongside an existing ERP system. Use Onguard in conjunction with your existing ERP, thus enabling you to enjoy the benefits of a standardized system, with the added functionality of specialist credit management software.

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On Guard

MAY 16, 2023

This makes for a challenging time for credit management staff. For one in five (18%) organisations, the uncertain economic conditions create challenges in improving credit management. A healthy DSO In a good approach to credit management, having a healthy DSO is crucial.

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Credit Management Collections 40

Qualco

OCTOBER 11, 2024

NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. You can view it here. Download it here.

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Account Recovery

AUGUST 11, 2022

A District Court judge in Missouri has granted a defendant’s motion for summary judgment after a plaintiff filed two separate lawsuits related to two different collection letters that she received five months apart attempting to collect on the same debt. A copy of the ruling in the case of Branum v.

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On Guard

JUNE 19, 2020

5 key success factors for the smooth implementation of a credit management strategy. Credit management strategies are a vital aspect of any business. They allow them to manage their cash flow by devising processes and policies which prevent the late or non-payment of invoices. Don’t underestimate the processes.

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Credit Management Collection Agencies Collections Agency Collections 52

Qualco

DECEMBER 7, 2023

NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. You can view it here. Download it here.

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Collections Credit Management Creditors Government 93

Account Recovery

APRIL 4, 2022

The Court of Appeals for the Seventh Circuit on Friday reversed a jury award of $350,000 against a collector in a Fair Debt Collection Practices Act case over the collection of a time-barred debt, ruling the plaintiff lacked standing. A copy of the ruling in the case of Pierre v.

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Fair Debt Collection Credit Management Collections 246

On Guard

FEBRUARY 4, 2022

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. Together, big data and AI can be particularly powerful credit management tools.

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Taurus Collect

JULY 29, 2024

Managing debt collection fees can be a daunting task for any business. An ineffective credit and collections process not only increases these fees but can also strain relationships with customers. This blog post will guide you through simple steps to completely overhaul your credit and collections process.

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CICM

OCTOBER 25, 2023

Headed by Phil Rice, the Aggregate Industries Credit Team plays a crucial role in managing credit accounts, collecting overdue debt, and working closely with commercial teams and customers. They work to maintain and create customer relationships, reduce the monthly DSO, and manage insolvencies.

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On Guard

JUNE 18, 2020

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. These are uncertain times.

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Fico Collections

JANUARY 6, 2022

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. How FICO Platform Can Help with Experiments in Credit Management.

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CICM

MARCH 4, 2022

A first of its kind for the profession, the new Professional Standards establish a benchmark and help demonstrate the enormous variety of roles within credit at every level, local and global, to attract new employees into the industry and define what skills they need to succeed in an exciting, dynamic and rewarding career.

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