The fax machine doesn’t play the same role as it did in the past for A/R, but by no means has it become obsolete.
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Tags: A/R pros, collections, Credit Management Association, Fax machine
Plenty of A/P departments use some type of an online discount calculator to see it’s worth taking suppliers’ prompt-pay discounts. Well, here’s how your Finance department can get even more from that tool.
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Tags: A/P departments, Accounts Receivable, Online discount calculators, Prompt-pay discounts, U.S. Treasury
If your customers are starting to think of their due date as more of a suggestion than a requirement, be sure to give this a shot.
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Tags: collections, Jim Kozelek, Personal guarantor, Weinberg & Reis Co., Weltman
Finance deals in numbers all day. But how often are you generating numbers to find out how efficient your finance team is?
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Tags: Accounts Payable, Accounts Receivable, Finance, metrics, Payroll
No shortage of policies in any finance department. But there’s one that needs a second look ASAP.
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Tags: Credit policy, Credit practices, Finance policy, National Association of Credit Management
If customers come to you looking for a credit increase because their banks “just aren’t lending right now,” you have a good reason to be wary.
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Tags: American Bank, Commercial and industrial, Credit increase, Customer statement, Red flag
For most employers, the idea of being hit with an antitrust lawsuit is the last thing on their minds. But it probably should be.
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Tags: Antitrust lawsuit, National Association of Credit Management, Richard Macias, Sales practices, Special payment terms
This Collections pro heard so many novel excuses why customers couldn’t pay their bills on time, he felt the need to rank the best ones.
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Tags: Collections pro, Collectors, Illegal aliens, Medical center, Memorable nonpayment excuse
If a quick look into your customer’s financials reveals an increase in their audit fees, it could be a sign that customer’s in some serious trouble.
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Tags: Audit fees, Auditors, Experts, Operating performance, Risk premium
When it comes to negotiating payment plans with struggling customers, many Collections staffers are a bit too lenient.
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Tags: A/R, Collection, Counter-offer, Payment amount, Payment plans, Promissory note
