Deduction Management with Carixa™: The Results

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At Smyyth, our goal is to help corporations reduce customer deductions and related administrative costs. Trade disputes cost companies millions of dollars a year and can stem from product shortages, shipping mistakes, pricing mismatches, promotional allowances, and process errors. While customer deductions are frequently viewed as transactional problems and often just a “cost of doing… Read more »

How Factoring Works

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The factoring industry is well established and comprised of both specialized factors for many industries and the giant factoring companies that are able to handle larger exposures with more complex requirements. Many companies factor during their entire existence; others only until they are able to manage credit on their own. For smaller companies without alternative… Read more »

Accounts Receivable Puts

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Credit Managers frequently have questions about how to mitigate trade credit risk when traditional credit insurance is not possible; for example, if you are concerned with just one single major customer, or have a customer that is already in financial distress. You can sleep better knowing that you can protect your most significant credit exposures… Read more »

Leveraging Order-to-Cash For Shareholder Value

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Improve the Order-To-Cash Process to Increase Shareholder Value   The Order-To-Cash (O2C) process is an area that that remains largely untapped by many businesses. However, smart and effective management of the O2C process could help to improve business performance and the bottom line. It is no surprise that more and more corporations are beginning to… Read more »

Credit2B Acquired by Billtrust

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John Metzger, Chairman of the Smyyth Family of Companies, announced that Billtrust has acquired the business of Smyyth’s affiliate, Credit2B, as of April 18, 2018. Credit2B is an innovative credit information networking business. Shyarsh Desai, Credit2B’s CEO, will continue in the same role with the new organization. Understanding that “business credit reporting” was a stagnant… Read more »

On Time-In Full Violations (OTIF)

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On Time-In Full On Time-In Full (OTIF)  is a metric for supply chain delivery performance that measures what percentage of the time a supplier delivers orders that meet the customers’ requirements for fill rate and specified delivery windows. For all suppliers but especially for food and consumer packaged goods companies, the importance of Walmart’s On… Read more »

E-Signatures in Credit Application Systems – A Best Practice

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e-signatures Electronic Signatures Digital Signatures   Companies today routinely use e-signatures to streamline and speed commercial transactions. However, we still sometimes get a question as to whether electronic signatures are binding in the United States and Globally.  The following information is provided from U.S Government websites as well as our Smyyth companies corporate e-signature partner,… Read more »

Credit Applications End-to-End Automation

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Best Practices – Online Credit Applications Credit Application Software Credit Application Systems 80% faster credit approvals 90% less manual work 5% more sales from new accounts Online credit applications are relatively new and even the simplest offer a browser-based application filled out by the customer and then processed by the creditor (but usually completed off-line,… Read more »

B2B Credit Scoring Best Practices

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There are many excellent reasons to incorporate automated credit scoring in your credit (and collection) operations, including faster and better quality decisions, enhanced customer service, more effective compliance and controls, and significantly reduced overhead. Employing credit scoring in a B2B environment is in itself a credit management  “Best Practice”, especially if you have many customers…. Read more »

11 Trends in Credit Decision Automation

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Here are 11 trends you need to know about the future of credit decision automation, many of which are already available in a best-of-class risk management platform. Using Artificial Intelligence (AI), and Robotic Process Automation (RPA) to replace manual tasks and improve accuracy in B2B credit checking,  the best technology can revolutionize the credit approval process… Read more »