Going global is a dream of many businesses. Not only can it significantly increase the customer base of a company, but it can help increase brand recognition. But, here’s the problem: when companies make the decision to go global, they … 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 »
Extending Credit Strategies: The 5 “Cs” of Credit Extending credit to a customer is about taking on a certain level of risk. There is no secret formula or mathematical equation that ensures you’re making the right decision. But by applying … Read More »
In cases where your customer’s credit card sales are a meaningful part of their business, it’s a good idea to request 2-3 months worth of Merchant Statements right from the start of your business relationship. This can prove to be … Read More »