Insights
How to Identify Financial Distress in Clients Early
Every business cherishes its reliable, long-standing clients. They pay on time, communicate clearly, and contribute consistently to your bottom line. But what happens when these “good clients” start to falter? When late payments become the norm, excuses pile up, or communication suddenly stops? It’s a scenario many businesses dread, and one that often signals...Read more→
Digital Signatures in Credit and Collections – A Best Practice
A digital signature is a cryptographic technique to provide authenticity, integrity, and non-repudiation of electronic documents or data. It is essentially an electronic version of a handwritten signature that provides assurance that the document or message has not been altered and was indeed signed by the claimed sender. A digital signature is created using a...Read more→
Credit and Collection Scoring Best Practices
There are numerous reasons to use 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 credit management “Best Practice,” especially if you have many customers. Using Smyyth’s Carixa cloud...Read more→
Commercial Vs Consumer Collection Agencies
If you are in business, there will come a time when you need to enlist the services of a collection agency to help recover your past-due receivables and bad debts. So how do you find the right one? Commercial debt usually involves significant amounts and often complex circumstances that can lead to financial issues for...Read more→