Your Virtual Credit Manager

NOVEMBER 1, 2022

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. The solution to the collections challenge therefore starts with Prioritization.

Credit and Collections 130

Credit and Collections Past Due Invoices Bad Debt Accounts Receivable (AR) 130

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. Of all these items, making the necessary phone calls generates the greatest value in respect to recovering past due invoices.

Collector 130

Collector Credit and Collections Past Due Invoices Credit Management 130

Your Virtual Credit Manager

APRIL 25, 2023

Please feel free to share this newsletter with your small business customers. Subscribe now A Transformative Experience A parts distributor was having difficulty with collections and high dispute volumes. it just might help them pay you sooner!

Credit and Collections 130

Credit and Collections Past Due Invoices Collector Deductions 130

Your Virtual Credit Manager

NOVEMBER 14, 2023

Please feel free to share this newsletter with your small business customers. Try to get a guaranty from a financially strong related party who will pay the AR if the customer defaults. These customers will require more intense follow up of past due invoices (e.g., it just might help them pay you sooner!

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Fundera

JANUARY 24, 2019

Also sometimes called placing an order on account, this informal credit relationship between vendor and customer is a great way for small businesses to order inventory or raw materials for resale without having to immediately outlay the cost of the goods. Net 30: Payment due within 30 days of invoice date.

Small Businesses 63

Small Businesses Past Due Invoices Credit Scoring Default 63

Fundera

APRIL 24, 2017

Also sometimes called placing an order on account , this informal credit relationship between vendor and customer is a great way for small businesses to order inventory or raw materials for resale without having to immediately outlay the cost of the goods. Net 30: Payment due within 30 days of invoice date.

Small Businesses 63

Small Businesses Past Due Invoices Default 63

Fundera

AUGUST 29, 2017

If you’ve researched traditional small business loans , you’re probably aware that you need to have a profitable business, a strong revenue history, and a robust personal credit score to qualify for the best options. But what if that doesn’t describe your business just yet? Reduced Personal Risk. Machinery and Equipment.

Past Due Invoices 75

Past Due Invoices Credit Scoring Default AR Aging 75

Fundera

DECEMBER 2, 2015

If you’ve researched traditional small business loans, you’re probably aware that you need to have a profitable business, a strong revenue history, and a robust personal credit score to qualify for the best options. But what if that doesn’t describe your business just yet? Reduced Personal Risk. Machinery and Equipment.

Past Due Invoices 61

Past Due Invoices Credit Scoring Default AR Aging 61

Fundera

JUNE 16, 2020

You also eliminate the risk of a customer defaulting on their payment. Address any invoices that have gone past due quickly and courteously. Many small business owners are hesitant to accept credit cards or other electronic payments due to the associated fees. Use an Engagement Letter.

Credit and Collections 40

Credit and Collections Past Due Invoices Default Small Businesses 40