Remove Bulk Transfer Remove Credit Application Remove Third Party Collections
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What Triggers Your Collection Efforts?

Your Virtual Credit Manager

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: Investigate the reasons behind the abrupt changes in payment behavior and assess the debtor's financial situation.

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Twenty Action Priorities for Credit & Collections Managers

Trade Credit & Liquidity Management

Improve Credit Onboarding Automation and Controls: Provide a customizable credit application portal for new accounts that requires the documentation and an appropriate customer credit application to be completed fully and accurately prior to submission to the credit department. Twenty Action Priorities 1.