Business Credit Reporting to Navigate Commercial Defaults Amidst a Pending Recession

By |October 4th, 2023|Categories: Business Credit Reports|

 In the increasingly interconnected financial landscape, business credit reporting has emerged as a linchpin for credit grantors and all businesses. With ominous clouds of a recession hovering on the horizon, managing commercial delinquent accounts on net terms becomes more crucial than ever. In this article, we will delve into the vital role that reporting to the credit bureaus plays in safeguarding the financial health of businesses, especially in turbulent economic times. Maintaining Credibility in the Business WorldRecessions tend to bring out vulnerabilities in a business. Without adequate business credit reporting, the credibility of companies can come under the scanner. By[...]

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Mastering Commercial Accounts Receivable: Strategies for Optimizing Business Credit Reports

By |August 16th, 2023|Categories: Business Credit Reports, Commercial Collections|

Navigating the intricate world of commercial transactions requires precision, especially when managing accounts receivable. Effective supervision of these receivables can significantly influence a company's financial health and liquidity. This is particularly significant for Small and Medium-sized Enterprises (SMEs) that operate with comparatively leaner financial buffers. Here, we illuminate three essential strategies for optimizing the use of business credit reports in commercial accounts receivable management:In-depth Financial Examination:Detailed Credit Analysis: Business credit reports are treasure troves of information, shedding light on a company's financial trajectory, overdue payments, credit inquiries, and payment habits. When overseeing accounts receivable, such details are indispensable in assessing[...]

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Business Credit Reports and Credit Reporting Agencies –

By |August 15th, 2023|Categories: Business Credit Reports|

Bravo Business Reports are compiled from reputable credit reporting agencies - so you can rest assured that you're receiving accurate, comprehensive information. This is extremely valuable data that can help your team make informed decisions about prospects asking for Net Terms and existing customers asking for a credit increases.Is that customer a potential risk?There are a few reasons why you should run a business credit report on a prospect or existing customer before increasing or extending net terms to them - to assess their creditworthiness, to identify any red flags, and to essentially protect your entity from habitual debtors. Make[...]

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Top 5 Reasons Why B2B Companies Should Submit Debtors to Credit Bureaus

By |August 14th, 2023|Categories: Business Credit Reports, Commercial Collections, Litigation|

As a B2B company, maintaining good cash flow and ensuring the financial stability of your business is crucial. One of the ways you can do this is by submitting debtors to a credit reporting service. By reporting both positive and negative credit experiences, you can not only promote responsible financial behavior but also protect your own interests. In this blog post, we'll explore the importance of having a financial reporting solution in place. Listed are the top five reasons why companies should submit debtors to credit bureaus.Encourage Timely Payments:Submitting debtor information to credit bureaus helps create a culture of accountability[...]

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Navigating Debt, Credit, and Collections During Deflation

By |August 7th, 2023|Categories: Asset & Liability Reports, Business Credit Reports, Commercial Collections|

Deflation or shrinking economies are curious economic creatures we all have to deal with. When it strikes, it brings about a decrease in the general price level of goods and services, leading to an increase in the purchasing power of money. For many businesses, particularly those extending credit terms to their customers, it can create a complex web of challenges.Understanding the impacts of deflation on credit extension, identifying red flags amongst customers, and having mitigation strategies in place, including partnering with debt and credit collection services expert, can help to safeguard the business and protect your ROI as a business[...]

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Information Superiority Advantage in Commercial Debt Recovery

By |July 27th, 2023|Categories: 3rd Party Collections, Asset & Liability Reports, Business Credit Reports, Commercial Collections, Flat Fee Collections, Litigation|

In today's competitive business landscape, every advantage counts. When it comes to extending credit as well as liquidating receivables, information superiority can be the difference between getting paid in full and writing it off as a loss.Bravo Recovery, Inc. is a leading commercial debt recovery agency that understands the importance of information superiority. Our investigative capabilities give us a significant advantage in the collection process, as we can use it to target our collection efforts more effectively and efficiently. We understand that time is money, so we take a proactive approach to liquidating commercial receivables.In addition to our extensive data[...]

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Top 5 Strategies to Reduce Days Sales Outstanding (DSO)

By |March 28th, 2023|Categories: 3rd Party Collections, Business Credit Reports, Commercial Collections|

Navigating through tough economic downturns can be challenging for any business, and maintaining a healthy cash-flow is extremely crucial for financial stabilityDays Sales Outstanding (DSO) is a key metric that measures how long it takes for a business to collect payments from its customers after a sale. A high DSO indicates that the business is struggling to convert its sales into cash, which can affect its liquidity, profitability and growth. A low DSO indicates that the business is efficient in managing its receivables and has a healthy cash flow.In this post, we will discuss the top 5 strategies for reducing[...]

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How to Increase Sales by Implementing Net Terms

By |March 16th, 2023|Categories: Asset & Liability Reports, Business Credit Reports|

Have you ever considered giving terms to your commercial customers? Net terms are another way to increase sales by offering credit to customers – and who isn’t looking for more sales… Here are a few examples of how implementing net terms to your company can boost sales.Encouraging larger purchases - Offering net terms allows customers to make larger purchases by spreading out payments over a longer period of time. This can help to increase the average sale amount.Building customer loyalty - By offering net terms and providing a positive experience during the credit granting process, you can build customer loyalty.[...]

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Comprehensive Guide for Small Businesses to Make Better Credit Granting Decisions

By |March 16th, 2023|Categories: 3rd Party Collections, Business Credit Reports, Commercial Collections, Flat Fee Collections|

As a B2B credit grantor, making the right credit granting decision is essential for the success of your business. In this comprehensive guide, we'll explore the key factors to consider when making credit granting decisions, as well as some best practices to help you minimize risk and maximize your chances of success.Conduct a Credit Check:  Before granting credit to a new customer, it's important to conduct a credit check to assess their creditworthiness. This can include reviewing their credit score, payment history, and other financial information. You can work with credit reporting agencies or use online tools to gather this[...]

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How To Choose The BEST Collection Agency

By |October 27th, 2022|Categories: 1st Party Collections, 3rd Party Collections, Asset & Liability Reports, Business Credit Reports, Commercial Collections, First Party Staffing & Recruiting, Flat Fee Collections, International Collections, Litigation|

Businesses will inevitably encounter unpaid receivables. Businesses can attempt to collect on their own; however, partnering with a collection agency can help improve returns on those debts.As many as there are reputable collection agencies, there are that many bad ones out there. It is important to do some research on the agency. Some key factors to consider are:Does the agency handle commercial collection debt?Can the agency handle both domestic and international commercial debts?Is the agency professional and persistent?How does the agency report progress?Does the agency offer credit reporting?Here, at Bravo Recovery, our staff has more than 100 years of combined[...]

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