Though it’s been three years since states gained the ability to tax online sales, some are still toying with their economic nexus thresholds.
Credit and Collections
Your A/R team can masterfully issue invoices and process payments, but have they fully developed more interpersonal, soft skills?
For CFOs, there’s nothing worse than finding out too late that a customer is financially distressed and can’t pay their bills.
With automation being a top priority for companies, you may want to do a pulse check on your A/R team’s modernization progress.
Finally! The last state holding out on economic nexus regulations for remote sellers and marketplace facilitators has pulled the trigger.
In a time of great uncertainty and lingering pandemic concerns, A/R must step up its game on assessing and reducing customer credit risk.
For CFOs, it’s vital to keep a pulse on the state of A/R and the challenges your team is facing – especially after the year they just had.
Even years after South Dakota v. Wayfair gave states the power to tax online sales, some states are still working on adding regulations.
A new federal appeals court ruling is good news for creditors trying to collect their money. And it centers on one of the key tools in your arsenal: collection letters. One creditor landed in hot water when a customer asserted that a fee breakdown on a letter was misleading and violated the Fair Debt Collection […]