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Do You Know These Types Of Trade Credit Fraud And How To Prevent Them

Crooks steal the identities of other businesses to acquire goods they’ll never pay for. Krebs on Security reported that Dun & Bradstreet saw more than a 100 percent increase in business identity theft in 2019.

Do You Know These Types of Trade Credit Fraud and How to Prevent Them

More than half of the credit experts we polled said their company has been victim to fraud. We’ve compiled a list of some of the most common types of fraud in the trade credit space, followed by ways to reduce risk.

June 7, 2022

Yes, the 5 Cs of Credit Still Matter to Credit Managers. Here’s Why.

The 5 Cs of Credit describe the basic way credit managers evaluate applications. Here five credit experts share how credit managers can use them to make better credit decisions.

Top Conferences For Commercial Credit Managers 2023

Conferences offer professional development, networking and the opportunity to learn about new credit tools and technology. These are the top credit conferences for 2023.

Why a Robust Bank Verification Is So Essential in Commercial Trade Credit Decisioning

Bank verification is an essential tool credit managers use to prevent fraud and make better credit decisions. But too often, credit managers rely on outdated methods.

Why You Should Include a Personal Guarantee in Business Credit Applications

Business credit applications are a critical part of commerce. But what happens when a buyer doesn’t have much credit history? Companies can solve this business finance dilemma via personal guarantees.

Business Credit Check vs Credit Review and Why Your Company Should Do Both

Sellers who perform initial credit checks on clients need to remember that creditworthiness changes. So annual credit reviews -- and when other key events occur -- are important to reducing risk.

Six Important Ways to Reduce Credit Risk as a Seller

Companies may lack the capital or an established credit history to make purchases. But sellers need to conduct the necessary credit due diligence before issuing credit terms to those customers.

How to Switch to a Digital Credit Application

Making the jump from manual Word and PDF business credit application templates to digital credit applications can seem like a big leap at first. But the reality is that making the switch is often easier than many businesses assume.

Want More Accuracy? Switch to Digital Credit Applications

Digital credit applications aren’t just about keeping up with the overall trend toward digitization. The most important benefit is improved accuracy.

What is Trade Credit Insurance and Why Your Company Should Consider it

Credit management isn’t science. Cash flow from credit sales is unpredictable. How can this unpredictability be mitigated? The answer is trade credit insurance.

Credit Reports and Credit Applications Top Credit Decisioning Inputs In Poll

Of 285 credit analysts and credit professionals in a LinkedIn Poll, 60% said a credit report and score is the most important input, followed by almost 30% that said credit applications are on top.

Do You Know These Unique Expert Tips to Improve Your Business Credit Score?

The most reliable method for improving a business credit score is to pay your company's bills on time. But these credit experts have some less obvious but equally important ways to improve your business credit score.

New Customer Onboarding Basics, From Evaluation and Review, to Credit Application

Even if you serve a single industry, it is important to establish separate procedures to deal with different types of customers. All new customer onboarding starts with an evaluation, a review and a credit application.

Why A Credit Application is the First Step in a Know Your Customer (KYC) Check

A Know Your Customer (KYC) check is a process that companies undertake to verify customer identity and understand the risks if they participate in a business relationship with them. A digital credit application is the first step in a KYC or Know Your Business (KYB) check.

How to Manage Your Customer Credit Applications with Nectarine Credit

At Nectarine Credit we allow you to create a credit application that you can then send to an unlimited number of customers. Here we walk you through that process on our platform.

How to Create a Bulletproof Business Trade Credit Policy

Before your company begins offering credit terms to your customers, it’s important to establish a clear written policy that allows you to achieve your business goals and lays out your procedures for implementing your policy. Here we lay out 8 simple steps to create that policy.

Pros and Cons of Offering Trade Credit as a Seller

Some companies offer their customers the option to “buy now and pay later.” Should you offer your customers trade or vendor credit terms?

Does an Electronic Signature Make My Credit Application a Legal Contract?

Traditionally credit applications were completed and signed on paper, but today almost all credit applications are completed and managed on secure digital systems like Nectarine Credit.

7 Mistakes You’re Making In Your Credit Applications

Again and again, we see that companies can save time and money by taking a few simple steps. Take a look to see if you’re making any of these common mistakes in your credit applications.

Top 10 Reasons to Have Your Customers Fill Out A Credit Application

Requiring credit applications is invaluable to the health of your company. Accurate and up-to date customer information is ultimately what matters when deciding creditworthiness, and a credit application is the first step.

5 Reasons Why You Should Switch to a Digital Credit Application

Digital credit applications are the preferred method today as PDF and paper credit application forms and templates are no longer accepted.

How Often Should You Ask Customers to Update Their Credit Application

Credit applications should be updated by customers regularly unless you are able to monitor vendor and bank references with a monitoring service.

Ultimate Guide to Business Credit Applications

Asking a client to fill out a credit application is the first step to offering credit terms. A credit application assists the seller in four stages of the buyer-seller relationship: before extending credit, during the credit relationship, during problems in a credit relationship and during litigation.

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