Remove Mitigation Remove Payment Issues Remove Risk Mitigation
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Three Ways to Improve the Relationship Between Credit and Sales

Trade Credit & Liquidity Management

Proactive Account Updates: Keep sales informed about accounts with payment issues or upcoming credit holds. Risk Mitigation Tools: Maintain a toolkit of flexible solutions, such as milestone payments, escrow, collateral, guarantees, or credit insurance, to balance risk management with sales enablement.

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CubeLogic Embraces Trade Credit Insurance

PYMNTS

Business intelligence company CubeLogic has announced its support for Trade Credit Insurance as part of an overall risk mitigation strategy. ” The company noted while it supported the use of Trade Credit Insurance, the tool should not be used as a replacement for broad risk mitigation strategies.

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Technology: SME Friend And Foe

PYMNTS

The continuing reliance on manual processes also plagues the remittance notices and payment issue resolution processes, the report added. Tipalti also found, interestingly, that the error rate of manual data entry in this area is quite low — just 1 percent for companies that remit more than 500 payments a month.

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How The Age Of Bots, Fake News Taints The Buyer-Supplier Relationship

PYMNTS

Both sides must consider Anti-Money Laundering (AML) compliance and other regulatory risks in their business relationships, too. Risk mitigation is only one component of an immensely complex process that results in the right buyers and suppliers connecting with each other. ” Saporito said.

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