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 »

Collection Practices That Reduce DSO and Increase Cash Flow

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Accounts receivable collection at many companies is still done the way it was in the green eyeshade era, leaving a great deal that can be done to improve results. Like many repetitive processes, collections is a “production” operation, and can be “re-engineered” to improve cash flow, reduce DSO and slash the disputes that result from letting unpaid accounts go stale…. Read more »

Smyyth Collection Unit Gets Top Ranking Again

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For the third year in a row, Smyyth Collections LLC was selected as the top independent commercial (B2B) agency in a published rating of Collection Agencies in North America based on credibility, reputation and other factors. Smyyth Collections is an affiliate of the Smyyth companies, which provides end-to-end credit and accounts receivable management services and SaaS “credit to… Read more »

Best Practices For Credit and Collections

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Best Practices to Include in our Credit and Collections processes include All employees need to understand the mission and objectives of the credit department, so they deliver a consistent message to the customers, and properly represent the “culture” of your organization. Just as with customer service, the mission of the credit department has to be… Read more »

Supplier Portals Impact the Invoicing and Payment Lifecycle

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“Collaboration Portals” or “Supplier Portals” are being implemented by many companies to facilitate billing, payments and problem solving between companies, their employees, and their external partners, especially customers. This has important benefits for streamlined customer service, efficiency, and improving cash flow. Having the seller and the buyer on the same platform removes much of the… Read more »

Workflow & Collaboration Tools Deliver Superior Results

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Workflow Automation is the single most impactful type of technology you can introduce to accomplish more with less. Adding staff is often not an option nor is it a real solution to your challenges related to transaction volumes. We all know how workflows are helpful in our personal or business lives. Wake up, walk the… Read more »

Beta Program for New EIPP Solution

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New for 2017, Smyyth is expanding it’s best-in-class Carixa Credit-to-Cash Software Suite to include an Electronic Invoice Presentment & Payment (EIPP). Carixa’s EIPP module will streamline your operations, speed customer service, reduce transaction costs, and get paid faster. With Carixa’s flexible architecture, you can offer the EIPP solution to selected business segments, usually smaller  B2B customers who would benefit the most. The benefits of… Read more »

Late Payments and Delinquencies

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Late Invoice Payments Are Often Built in Suppliers and their customers have conflicting cash flow pressures. While the customer is always alert to opportunities to extend payments, many late payments are embedded in business processes: For example: Orders are accepted and shipped even though they bear conflicting terms, conditions or wrong pricing. Most suppliers base… Read more »