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 »

Medium Term & Political Risk Insurance

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Medium Term Credit Insurance Medium Term Credit Insurance, provides financial institutions, exporters and infrastructure developers with private sector corporate payment default coverage for one to seven years. Underwriters typically extend this coverage in conjunction with a cross border financing of goods and/or other services. Coverage can also be procured for non-trade related finance, where the… Read more »

Automated Credit Applications

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Back to the Future in Credit Management Marty McFly would recognize today’s business credit applications as going back to his grandfather’s generation. Little has changed – until now, that is. Automated Credit Application Systems  (ACAS) change all this, as they automate and accelerate the onboarding of new customers, some even integrating industry trade and credit bureau… Read more »

Managing Your Own Business Credit (For Small Businesses)

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5 simple steps you should take to manage your small business credit Determine whether or not you already have a business credit file.  Go to Credit2B.com or DNB.com and find out if you have a credit file. You may be able to add helpful information to it; for example, your company’s financial results, or provide bank… Read more »

Carixa Pay -EIPP Solution

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New for 2017, Smyyth is expanding its best-in-class Carixa Credit-to-Cash Software Suite to include an Electronic Invoice Presentment & Payment (EIPP). Carixa EIPP 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… Read more »

Profit By Controlling Revenue and Profit Leakage

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Customer Deductions Remain A Major Corporate Profit Loss Revenue cycle processes at some companies have improved somewhat over the past decade, driven by billions spent on technology. Larger companies have shown progress in billing and receivables settlement “efficiency” by lowering the cost of billing and payment transactions using automation or overseas outsourcing. However, we see little or no… Read more »

Trade Credit Exposures

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Non-investment grade (“junk”) bonds are our canary in the economic coal mine. They took a beating last year, but prices have stabilized with investors of all stripes chasing return, and where else but  in “junk” can you earn a few percentage points of interest. Today, when stellar credit government bonds and even a few top-notch corporates… Read more »

Calculating Bad Debt Reserves

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In most companies, calculating Bad Debt Reserves is not a super-complex affair, but should be approached with a consistent methodology from period to period. Generally Accepted Accounting Procedures (GAAP) requires that a Bad Debt Allowance (BDA), which is a forecast – an estimate of future bad debt write-offs, vs just directly writing off bad debts as… Read more »

Best Practices: Post Audit Deductions  

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  Post audit claims are usually generated by third party auditors that are usually paid a commission to capture your money. Post Audits are a billion dollar business. Perhaps not surprisingly, our experience is that up to 50%of post audits can be wrong, errors that can be attributed to auditor zeal or perhaps misinterpretation of… Read more »

Pre-Deduction Notices Save Labor and Improve Recoveries

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Many retailers issue pre-deduction notifications that inform a supplier of violations or other charges to allow the supplier to research and dispute (or issue credit for) a deduction before it is taken off a remittance. Some allow you only 90 days for research to prove they’re wrong. Not only do you have a better chance… Read more »