ACTION STEPS 6 Steps to Creating an Effective Credit Policy for Your Business As a business owner, you know that having an effective credit policy is essential to maintaining a healthy cash flow. But what exactly goes into creating a credit policy? In this blog post, we’ll walk you through… Read More »6 Steps to Creating an Effective Credit Policy for Your Business

Many payment problems arise as a result of undefined project terms. As it turns out, project and payment terms should go hand in hand. In this article, we’re going to give you the blueprint for writing a Scope of Work that gets results – not only with how satisfied your… Read More »How to Create a Scope of Work Your Customers Will Understand

ACTION STEPS How to Train Accounts Receivable Employees for Consistent Collections As a small business owner, you know that cash flow is king. Without a steady stream of income, it’s tough to keep the lights on, let alone turn a profit. That’s why it’s so important to have a system… Read More »How to Train Accounts Receivable Employees for Consistent Collections

TAKE ACTION A Guide to Creating Accurate Invoices for Your Small Business In business, an invoice is a document that indicates a purchase has been made. It provides details about the goods or services purchased, including a description of the work performed, the date of service, the cost, and any… Read More »A Guide to Creating Accurate Invoices for Your Small Business

TAKE ACTION The prevention and handling of late payments are easy if you: – Build a scope of services that outlines the exact terms.  – Find out vital collection info ahead of time, such as whether purchase order numbers are required or whether the company is farming out its accounts… Read More »Late Payments: How to Prevent and Handle Them

Are you a business that’s struggling to get payments on time? You’re not alone. In these tough economic times, many businesses are finding it harder than ever to collect debts.  The global pandemic didn’t make it any easier as businesses ran into a number of roadblocks from supply chain to… Read More »Credit Counseling for Debtors: Why It Works

As a business owner, you’re always looking for ways to improve your bottom line. One area you may not have thought of is collections. Many businesses hesitate to use a professional collector because they think it will be too expensive or they’re worried about damaging their relationship with the customer. … Read More »7 Reasons Professional Debt Collectors Are Better at Getting You Paid

Have you ever had to collect a debt from someone? If so, then you know how difficult it can be. Debts can be a tricky thing to collect. The debtor may try to avoid you, ignore your calls, or come up with excuses as to why they cannot pay you… Read More »Most Likely Countermeasures That You Will Face When Collecting a Debt

If you’re a creditor, chances are you’ve had to deal with delinquent accounts at some point. Dealing with one delinquent account can be challenging enough, but when you have multiple delinquent accounts, it can feel like an insurmountable task. However, there are some things you can do to manage multiple… Read More »How to Manage Multiple Delinquent Accounts Effectively

Are you working with a debt collection agency that’s not getting the job done? If you’re not seeing results, it might be time to consider switching to a new agency. But how can you be sure the new agency will be any better? Before you make the switch, take a… Read More »Is Your Debt Collection Agency Addressing These 5 Pain Points?