Credit and Collections Debt Collections Small Businesses 
Eastern Credit Management Services
NOVEMBER 22, 2024
Cash flow is the lifeblood of any small business, but late payments and unpaid invoices can create significant challenges. Professional debt collection services can help maintain financial stability without damaging client relationships. This is crucial for businesses that rely on repeat customers or ongoing partnerships.
Your Virtual Credit Manager
JANUARY 16, 2024
If you sell on open credit terms, you need to plan on having to expend time and resources collecting from those customers that don’t pay when due. No matter how much effort you put into evaluating customer credit, some customers will not live up to your expectations. You need to be doing the right things.
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Your Virtual Credit Manager
FEBRUARY 25, 2025
A customer that pays on time does not require any collection efforts. Those who sometimes pay on time only require a collection effort when they pay late; getting them to pay is usually not difficult. Since they are abusing your credit terms, why not require them to pay with a credit card when they place an order?
Your Virtual Credit Manager
JUNE 6, 2023
People who are new to business collections are inclined to fall into one of several patterns. Seldom does a new collector appreciate the need for a balanced, holistic approach to debt collections. In time, as they become more familiar with the process of collecting, their productivity increases.
Your Virtual Credit Manager
APRIL 16, 2024
Despite advances in workflow automation and payment technology, collecting commercial receivables is not getting any easier. From economic swings to shifting customer habits, business owners must deal with a host of factors impacting their ability to get paid what they’re owed. check, ACH, credit card, etc.),
Your Virtual Credit Manager
JUNE 4, 2024
Successful collections require the coordination of a variety of activities: timely and accurate invoices and payment posting, monthly statements, email reminders and other dunning notices as well as telephone calls. A Cautionary Tale… As a corporate credit manager, I periodically was tasked with other finance department activities.
Know-It Global
OCTOBER 28, 2024
The month of October marks National Women’s Small Business Month 2024, and it is only right that we shine a light on Know-it as a female founded business! Since 2021, the company has been supporting businesses getting paid, but in this blog, we’ll discuss how Know-it began.
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