Remove Creditworthiness Remove Debtor Remove Trade
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How to get your invoices paid faster as an automotive and transport entrepreneur

On Guard

A dealer who sells passenger cars usually receives the sale amount after 23 days, while the trade in heavier commercial vehicles must wait no less than 40 days for payment. Check the creditworthiness. It can be useful to check the creditworthiness of (new) customers. But the differences are big. Tailored dunning.

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Credit risk management: dynamic data and the right credit management strategy are key

On Guard

Therefore, leveraging dynamic data, such as fraud analysis, trade payment data, CCJ or legal information, is necessary to reduce risks. These live data can be easily integrated into accounting or CRM platforms and help identify risk areas in terms of bad debtors. The risk of fraud Fraud can cause major problems for businesses.

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Credit risk management: dynamic data and the right credit management strategy are key

On Guard

Therefore, leveraging dynamic data, such as fraud analysis, trade payment data, CCJ or legal information, is necessary to reduce risks. These live data can be easily integrated into accounting or CRM platforms and help identify risk areas in terms of bad debtors. The risk of fraud Fraud can cause major problems for businesses.

article thumbnail

Credit risk management: dynamic data and the right credit management strategy are key

On Guard

Therefore, leveraging dynamic data, such as fraud analysis, trade payment data, CCJ or legal information, is necessary to reduce risks. These live data can be easily integrated into accounting or CRM platforms and help identify risk areas in terms of bad debtors. The risk of fraud Fraud can cause major problems for businesses.

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The digital revolution: Finech technologies to optimise your credit management process

On Guard

NFTs Non-fungible tokens (NFTs) are unique, digital assets that can be traded on blockchain platforms, in exchange for, for example, digital art, real estate and other assets. Think for instance about company size, sector, location, payment history and creditworthiness. For this, you can consult external and internal sources.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Federal Activities: On June 18, the Federal Housing Administration (FHA) announced updates to its student loan monthly payment calculations to help provide greater access to affordable single-family FHA-insured mortgage financing for creditworthy individuals with student loan debt, which has a disproportionate impact on people of color.