Credit
Third party company that OC uses to provide commercial data, analytics and insights for businesses
Dun and Bradstreet
Meaning of 1% in the following payment term: 1% 30, Net 45
1% cash discount if paid within 30 days
Form of payment that OC accepts that relies on USPS.
Check
AR
Accounts Receivable
Number of players on a professional soccer field for one team/how many billion of revenue OC earned in 2024
11
Payment term that requires customer to submit payment prior to receiving material
Cash in advance
Transferring or eliminating an uncollectible from the books
Bad Debt Write Off
OCs cash app tool that auto applies payments when remittance advice is available
Serrala
EBIT
Earnings before interest and taxes
Number assigned to each customer which indicates level of risk and required bad debt reserve amount
Risk grade
System generated letter sent to customers reminding them of overdue payments
Dunning Letter
% of auto application in NA
%
When an accounts A/R balance exceeds their credit limit
Over exposure
Useful tool in cash flow decisions that predicts how much money your customers will pay within a certain time period
Forecasting
Difference between the invoiced amount and the customer's payment amount.
Customer payment variance (CPV)
Financial transaction in which a business sells its accounts receivable to a third party at a discount in exchange for immediate money
Factoring
If OC Collections/Credit Team cannot collect money from a customer, 10 day demand letter is sent before involving this third party collection agency.
NCS Credit
Bank accounts in a negative position
Overdraft