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Credit
AR leaders are undergoing a profound transformation, evolving from a back-office administrative function into a strategic pillar for the office of the CFO. In today’s complex environment, these
By Tracy Mitchell, Trinity Logistics’ AR Director
Approving a client’s credit request isn’t always straightforward. Especially in this economy — comprised of a blend of
… Read More
As tariffs go into effect, payment delays will worsen.
That’s the takeaway from nearly 50 finance leaders recently contacted by IOFM. Additional headlines include:
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The recent Federal Reserve’s Senior Loan Officer Opinion Survey found that banks tightened lending standards for businesses in the final quarter of 2024. As a result, AR teams should be
… Read More
Q. I work in Accounts Payable and would like to know who would be the business owner of credit applications? Would this be Accounts Payable, Contract & Supply or Finance? Do you have any information… Read More
Q. How does AR collaborate with sales when it comes to setting and communicating customers’ credit limits and/or handling late payments?
A.
(Answered by the IOFM Advisory Panel)
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Our AR… Read More
Q. Within your organization, who completes supplier credit applications? And is that group also responsible for the Vendor Master File?
A.
(Answered by the IOFM Advisory Panel)
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Our commodity… Read More
Q. I have a question for my AR/C&C colleagues: Do you have a credit committee in your company and if so, what is their role, scope and objective?
A.
(Answered by the IOFM Advisory Panel)
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We do… Read More
Q. With the state of the economy, companies are trying to minimize risk. We have many private companies with six figure credit limits.
1. Do you request financials statements? Most recent audited… Read More
Q. I have created our credit application in an Excel format for ease of entry by our customers. It looks much better and allows for macros and hyperlinks.
However, this presents a challenge when the… Read More
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