At some point in time, your company will encounter a customer who is seeking an adjustment to their payment terms. The reasons they may need this can vary, but understanding how to better reach a compromise will help establish a … Read More »
Developing positive relationships with your customers will foster success for your business. This philosophy should also extend to the collection of payments. Viewing your collection process as a customer service asset will help your business maintain positive relationships and consequently … Read More »
The amount of time it takes to get paid will vary by industry and on the payment terms that were agreed to in the credit agreement. If you switch from Net-30 to Net-15 you will obviously receive payment quicker. Yet, … Read More »
Putting together the right credit team is not an easy task. You need to make sure everyone has the right experience for the job. You need to make sure they know how to work any software you expect them to … Read More »
A strong in house credit and collection process is key for any company. It not only minimizes losses but gives you the most control over your account receivables. In some cases though, it may make sense to seek outside help … Read More »