Your Virtual Credit Manager

MARCH 19, 2024

When an unresponsive customer reaches 90 to 120 days past due, you should consider sending a final demand letter and then turning the account over to a third-party collection agency. Collection Activity: Request detailed explanations for invoice disputes and require supporting documentation to substantiate the claims.

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Third Party Collections 100

Your Virtual Credit Manager

DECEMBER 26, 2023

For the past year, the number of commercial bankruptcies has been trending upward and is at a 4-year high. Late fees, admittedly hard to enforce, are a useful negotiating tool when pricing is being reviewed or if an account has to be placed for third-party collections. If you haven’t, you almost certainly will.

Collector 130

Collector Credit and Collections Default Third Party Collections 130

Trade Credit & Liquidity Management

APRIL 16, 2025

Enhance Your Collection Capabilities Take the lead on automating the collections process Implement collection strategies based on materiality and risk Identify the root causes of collection delays Resolve aged receivable credit balances before they become an escheatment issue.

Supply Chain Risk Assessment 52

Supply Chain Risk Assessment Credit and Collections Bulk Transfer Cash Forecasting 52