Importance of Collections is up, but are workers getting their due?
From Accounting to Accounts Payable, more companies are showing gratitude for traditionally underappreciated Finance positions. And Credit and Collections is no exception.
From Accounting to Accounts Payable, more companies are showing gratitude for traditionally underappreciated Finance positions. And Credit and Collections is no exception.
Naturally you hate the thought of leaving any money on the table. But at times it’s smarter to write off a customer deduction.
For CFOs, there’s nothing worse than finding out too late that a customer is financially distressed and can’t pay their bills.
Whether you’re considering extending a credit line to a brand new customer, or thinking about upping the limit for a regular one, this tactic should help you decide if it’s a good idea.
Chances are, customers are taking longer to pay these days. No reason that should mess with your company’s cash flow.
Companies are declaring bankruptcy at a rate not seen since the 2010 recession. And it’s bad news for credit and accounts receivables departments attempting to collect debts. Compared to a year ago, total commercial bankruptcy filings increased 12% year-over-year in January. Subchapter V filings are up 49% and commercial Chapter 11 filings increased a whopping […]
If you have any smaller businesses in your customer base, you’ll want to check out some new cash flow benchmarks. And they come courtesy of a recent survey on cash reserves of firms with 100 employees or fewer by Expertise.com Small businesses were asked last month about their present cash reserves in the midst of […]
What are your company’s A/R delinquency rates? A full 15% of business-to-business receivables are currently past-due. So says the new B2B Payments Innovation Readiness report, a collaboration between PYMNTS and American Express. Nobody wants to carry old agings into a new year. With a little more than a month to go in 2021, check out […]
The majority of your peers who outsource see the payoff they were after, but that’s not tough to do — they were setting the bar way too low.
When it comes to negotiating payment plans with struggling customers, many Collections staffers are a bit too lenient.
It’s that time again! You and your team are likely busy setting and approving budgets for 2015. A key part of that: compensation.
Ensuring sales and use tax accuracy is a job that generally falls to your finance team. And it’s a high-pressure job at that.
Many businesses are using social networking sites as a tool to get problem customers to pay up. But you’ll want your A/R staffers to tread carefully in this area.
April 15th marks the date all taxpayers have to file their taxes by. But what is the date on which American taxpayers will have earned enough to pay their sharbye ?
We’re not talking about “soft skills” like communication or problem solving. Today’s finance departments are being expected to have proficiencies in areas that go way beyond crunching the numbers.
It’s now more important than ever to keep maintaining your talent retention program.
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