Useful helps for how to collect commercial debts.
Technology has become a large part of our lives, yet many companies still use paper invoicing. According to PayStream Advisors’ 2013 Invoice and Workflow Automation (IWA) Benchmark Report, paper invoices continue to decline from 59 percent in 2012 to 52 … Read More »
Maintaining a business is a challenge, especially in the current economic times. Bad debt, from customers not paying their invoices, creates a ripple effect throughout the business’ suppliers and their suppliers. Often, members of the account receivable department within companies … Read More »
In the B2B world, extending payment terms to customers is a typical practice. But, have you ever considered your terms and how they were created? Did you just establish the terms because everyone else was doing it? Don’t let extending … Read More »
Calling a past-due customer is never fun and can take even the most skilled caller out of their comfort zone. Making in-house collection calls often are placed last on the “to-do list”. Most businesses fear they will lose a customer … Read More »
Making Collection Calls A solid approach to making a Commercial Debt Collection call has three parts. Collecting the facts, collecting your self and collecting the money. 1. Collect the facts You can collect facts from a number of sources to … Read More »