Credit
Third party company that OC uses to provide commercial data, analytics and insights for businesses.
Dun and Bradstreet
Form of payment that OC accepts that relies on USPS.
Check
Payment term that requires customer to submit payment prior to receiving material
Cash in advance
OCs cash app tool that auto applies payments when remittance sdvice is available.
Serralla
Number assigned to each customer which drives percentage of bad debt to reserve
Risk grade
Transferring or eliminating an uncollectible from the books.
Write off
% of auto application in NA
%
System generated letter sent to customers requesting payment of past dues
Dunning letter
Term for payments from customers due to bank fees, quality, quantity, etc.
Customer payment variance (CPV)