Our collection timeline will help you figure out what type of letter or communication to send and when to send it. This still leaves the question of what a collection letter should say. We recommend an approach based on the age of … Read More »
No one wants to see one a customer file for bankruptcy. Not only does it mean potential lost revenue, but it also creates a series of headaches if you hope to get paid at all. While there are many types … Read More »
As a credit manager, you are responsible for the entire credit granting process. This not only includes implementing a consistent credit strategy, reviewing the creditworthiness of new companies and other credit-related duties, but it also includes managing your whole department. … Read More »
Everyone has creditors they would rather pay back before others (such as debts owed to family or friends), but if you pay back these creditors prior to filing for bankruptcy they could be considered preferential debt payments. This would allow … Read More »
We may be halfway through the first month of 2015, but it is never too late to get on the road to business success. Managing your cash flow properly is a crucial part of running and growing your business. In … Read More »