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Extending business credit is a huge responsibility – it’s the credit manager’s job to weigh the risk of granting credit and determine whether customers can pay on time. Bad credit decisions, based on bad data, can impact monthly cash flow and lead to bad debt when customers don’t pay as promised. The articles below explain key concepts about extending business credit. Keep reading to learn more.
Learn how companies that extend business credit use the 5 C’s of Credit to help determine creditworthiness.
Businesses that extend credit to other businesses must set lending limits based upon sound data.
Learn how to perform a thorough credit analysis to minimize risk and protect your bottom line.
Offering trade credit to your customers can be a useful tool – if you know how to manage risk.
Establishing a business credit policy is an essential risk management practice. View a sample credit policy to get started.
Seeing late payments or “slow pay” in your company’s business credit file or on the report of a partner? Learn what this can mean for your business.
Learn more about monitoring tools such as alerts to better manage your customers’ trade credit.
Learn how to set up a scorecard to start automating your credit decisions. Includes templates of sample scorecards.
An online credit application is a great way to update your evaluations and eliminate paper-based processes. Here's what you need to know.
Effective cash flow management ensures that a business can sustain itself over the long term.
Learn more about the types of scores, ratings, and information available in a business credit report.
Learn the basics of trade credit insurance and find out if it’s right for your business.