Risk management is the identification, assessment, and prioritization of risks.
A few landmark cases in Australian courts have highlighted the importance of following debt collection guidelines when recovering overdue cash from debtors. Thanks to high profile cases like these, debt collection practices have improved. They serve as good reminders of what not to do.
Introducing Risk Portfolio—your new ally in smarter credit risk management and debt recovery. In today’s fast-paced business environment, Risk Portfolio empowers you to swiftly identify high-risk balances, automate debt escalation, and customise risk strategies to suit your needs. With real-time insights, seamless integration with trusted recovery partners, and a focus on preserving customer relationships, Risk Portfolio gives you the control and confidence to manage risk proactively and protect your cash flow.
As we settle into a new financial year, businesses must navigate challenges and opportunities strategically. Read tips and insights from our recent webinar that will help empower your business to thrive and prosper in the year ahead.
Businesses must navigate challenges and opportunities strategically. Read tips and insights from our Lunch & Learn webinar with illion, that will help empower your business to thrive.
Let’s delve into the key takeaways from our webinar and learn how to empower your business to effectively address challenges and opportunities in the financial landscape, focusing on the game-changing role of accounts receivable software.
In the world of business-to-business (B2B), it can be a challenge to manage late payments from customers. However, one proactive solution to minimise such occurrences is to assess the business creditworthiness of your customers based on their business credit score. In this article, we'll explore a free option for checking business credit scores to help you get started.
In the world of business-to-business (B2B), it can be a challenge to manage late payments from customers. However, one proactive solution to minimise such occurrences is to assess the business creditworthiness of your customers based on their business credit score. In this article, we’ll explore a free option for checking business credit scores to help you get started.
B2B businesses are especially vulnerable to bad debts as transactions often involve extending credit to customers. Here are a few tips that can help you minimise and manage the risks associated with them.
Looking to offer B2B credit? It’s a smart move that aligns with industry standards for flexible payment options. While offering credit terms has benefits, managing delayed payments is crucial and it all starts with your business credit application template.
Offering credit to your customers is an effective way of encouraging them to spend more on buying your products or services. In some industries such as wholesale, trade, or distribution – credit might be a requirement for doing business. Extending credit to your B2B customers could also help your business gain a distinct competitive advantage in your market.
Businesses who extend credit to their customers face the risks of non-payment or delayed payment that impacts their cash flow and business growth. To mitigate such risks, businesses need a robust credit risk management policy.
The financial health of your company depends on how well your business can collect on sales. Unfortunately, it is often performed with inadequate forethought to the systems, staff, strategy, and tactics to deliver exceptional results. And businesses find that their customers are using them as a bank, with many overdue invoices impacting the cash flow and growth prospects of the company. Here we will look at how it is possible to increase your company’s cash flow performance with better planning, execution, and technology
The business credit score is a numeric indicator of the financial health of a business. The credit score is an indicator of the business’s likelihood of repaying its bills on time.
On 24 March 2020, the Australian Government’s Economic Response to the Coronavirus package passed without objection through Parliament. With the green light to go ahead, the economic stimulus package, currently worth $84 billion, promises direct financial support for workers and students and a cash flow boost for businesses and not-for-profits.