Remove 2024 Remove Accounts Receivable (AR) Remove Collector
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Resolve to Be More Proactive in 2024

Your Virtual Credit Manager

Two weeks ago we recapped the three most read articles from 2023: identifying red flags, understanding why customers pay late, and the secrets of successful collectors. From a credit management perspective, these are largely reactive topics. Then last week we looked at credit hold best practices. There is nothing wrong with that.

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Are You Managing Your Receivables with the End of the Year in Mind?

Your Virtual Credit Manager

Your accounts receivable (AR) and cash balances as of December 31, 2023, are very important numbers. Hiring a temporary collector or two is one solution. Launch an email campaign to send collection messages to all small accounts with past due balances older than 5 days beginning in October.