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Three Ways to Improve the Relationship Between Credit and Sales

Trade Credit & Liquidity Management

Share Expertise: Communicate your credit knowledge, industry trends, and benchmark customer comparisons with the sales team. Flexible Judgement: Apply sound judgment when rules seem too rigid. Understanding these perspectives helps you identify and address any misconceptions, paving the way for smoother collaboration.

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Get Paid Faster: Adopt an AI Solution That Integrates Credit Decisions into Your CRM

Trade Credit & Liquidity Management

AI-Powered Credit Recommendations: Move beyond static rules. External Market Intelligence: Stay ahead of risk with signals that go beyond your ERP by capturing macro- and micro-level data, such as industry trends, customer financials, and behavioral anomalies that could impact repayment potential.

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Merchant Account Closed – Now What?

Cardfellow

In other cases, a business owner may know they are considered high-risk but are frustrated with the increased cost or reduced choice in processors that comes from being in a high-risk industry. The classification is usually not personal – it relates to overall industry trends for the industry your business is in.

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5 Ways Artificial Intelligence Can Support SMB Growth at a Time of Economic Uncertainty

Finextra

AI tools analyse vast amounts of business data, along with general industry trends, to quickly suggest solutions. Whether they are looking to optimise their pricing strategy, stock their inventory, budget for the upcoming period, or make hiring decisions, the support of AI tools can minimise risk and produce a more accurate outcome.

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Cash Flow Management Tips for Your Business this 2024

The Finance Weekly

Look at how fast your business makes money in tough times by checking past sales and industry trends. Some industries need more money saved up for emergencies because they can be unpredictable. Tell your customers about these rules. Think about any special risks your business might have.

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Bridging The 40 Percent Gap In Online Banking

PYMNTS

The executive said the 40 percent abandonment rate for remote account openings reflects “an industry trend to use a device to conduct financial activity on a day-to-day basis.” Simply put, 36 percent said the process took too long, and authentication was too time-consuming, at 20 percent.

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ICE Recap: Unveiling Key Insights and Opportunities Within the Gaming Industry

Seon

This recap distills critical takeaways, highlighting dominant concerns and the latest industry trends. Using advanced digital footprinting, device intelligence and AML screening, SEON delivers a comprehensive view of player activities and allows the creation of custom fraud and AML rules based on personal risk appetites.

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