Credit Management Group UK

FEBRUARY 18, 2024

The dreaded disputed invoice can cause havoc within any business when trying to find resolution without the correct procedures in place to deal with it effectively. How well you handle a dispute can have significant impact on your customer relationship further down the line; when genuine disputes occur, your customer will want to be treated as a priority, and they should, as until their dispute finds resolution you will not be paid in full.

Bad Debt 86

Bad Debt Credit and Collections Order to Cash Credit Management 86

Gaviti

FEBRUARY 18, 2024

Even with the most streamlined and automated A/R management process and B2B collections best practices , customers don’t always pay on time. This could be due to many factors, including financial issues, unclear and inflexible payment terms, unresolved disputes, or simply being distracted by many other invoices being processed simultaneously. Regardless of the reason, typically once your unpaid or overdue invoice is more than 90 days overdue, however, it has evolved to become a debt.

Debt Collections 52

Debt Collections Credit and Collections Days Sales Outstanding Invoice to Cash 52

Gaviti

FEBRUARY 18, 2024

L ate invoice payments have the potential to create a snowball effect for your business that you want to avoid at all costs. Not receiving timely payments at regular periods makes it difficult for you to pay your vendors and suppliers on time as well as make payroll. If late invoice payments cause you to miss loan repayments, it can impact your credit, and, if it continues, can land you in court.

Credit and Collections 52

Credit and Collections Deductions Collector DSO 52

Gaviti

FEBRUARY 18, 2024

L ate invoice payments have the potential to create a snowball effect for your business that you want to avoid at all costs. Not receiving timely payments at regular periods makes it difficult for you to pay your vendors and suppliers on time as well as make payroll. If late invoice payments cause you to miss loan repayments, it can impact your credit, and, if it continues, can land you in court.

Credit and Collections 52

Credit and Collections Deductions Collector DSO 52