Credit Management Information Past Due Invoices 
Gaviti
JANUARY 7, 2025
In certain cases, youll also need to follow up with a past due invoice email. Why Past Due Invoice Emails Are Essential Financial issues, administrative error, and miscommunication of payment terms are the most common reasons businesses fail to pay invoices on time. Manage customer risk.
Your Virtual Credit Manager
OCTOBER 29, 2024
The Fundamentals of Collection Communications Be Concise Regardless of the mode of communication, the central message should be expressed clearly: “Your invoice is past due and must be paid immediately. It informs the customer of an unsatisfactory situation and a call to action to rectify it.
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Your Virtual Credit Manager
MARCH 14, 2023
Collection myths can be found at the very root of bad decisions as well as informing counter-productive activities. A large percentage of past due invoices are caused by up-stream problems in the order-to-cash process. Learn More About Credit Reports 5. Commercial collections is no different.
Your Virtual Credit Manager
JANUARY 31, 2023
Delays in the sending and receiving of invoices, or billing errors that need to be resolved, can hold up payments. An invoice may have a wrong amount or be missing important information. Buy Credit Reports 8. Those types of things need to be communicated to your billing department as part of a formal procedure.
Your Virtual Credit Manager
OCTOBER 22, 2024
When a fraud isn’t quickly detected, legal action to recover past due invoices can impact unaware customers. In the movie “9 to 5” the general manager is having product shipped to a warehouse he controls in order to sell the goods on the side—an all to common scenario.
Your Virtual Credit Manager
JULY 16, 2024
You want to collect any small partial balances and recently past due invoices as well as the oldeest and largest past due balances. Ensure the customer has received ALL the invoices and other documentation requested, and that there are no unresolved disputes or open deductions.
Your Virtual Credit Manager
NOVEMBER 1, 2022
Effective collections can also reduce bad debt losses by compensating for a liberal or weak Credit Control function. Simply defined, collections is the process of contacting customers to secure payment for your invoices. For the most part collections deals with past due invoices — those not paid within established terms.
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