Credit card debt is easy to accumulate, can grow rapidly, and becomes challenging to keep on top of – especially if you have more than one credit card. To help keep your finances under control and more manageable, many individuals and businesses look to consolidate their credit card debt into one monthly payment. This is […]
Debt collection processes and procedures contain a number of stages and protocols, with each stage of the collection process carefully planned out and considered, where appropriate solutions are implemented to ensure the most successful outcome for you. One such stage is a third-party debt order implemented when a customer fails to make court-ordered payments on […]
This question is similar to “How long is a piece of string?” in that there is no finite amount, but there are considerations to bear in mind when outsourcing overdue invoices and seeking small debt recovery. As commercial debt collectors, we’re often asked about the minimum invoice value that an agency can chase. Our response… […]
If you sell goods on credit, how confident are you that when you issue your invoice, you will receive 100% of the money outstanding and you will receive this on time? Overdue invoices and late payments can financially ruin businesses, negatively affecting cash flow and harming your financial situation. This makes credit management and analysing […]
Customer segmentation for accounts receivable departments is a great way to allow us to sort customers according to their different characteristics. Indeed, segmentation is not a new concept, with most B2B businesses using segmentation for their marketing and sales efforts and segmenting customers by type of business. The reason why businesses segment is varied and […]
Late payments and unpaid invoices are a growing concern for every business and, unfortunately for some businesses, a significant problem, affecting cash flow and, ultimately, everyday business operations. Often, invoices fall overdue for numerous reasons; however, research has shown that a large percentage of these overdue invoices have fallen into the late payment trap, as […]
Credit insurance can be seen as a significant benefit for businesses, protecting against the risk of customers defaulting on payments. In some cases, credit insurance can be invaluable to help businesses continue to operate by ensuring that you receive money owed, regardless of the client’s situation. Also known as bad debt protection, your business no […]
When you find yourself dealing with worry about debt, you might be wondering what the best step to take is to start getting yourself out of this challenging situation. Debt management plans are a useful tool that a debt recovery agency can support you with and can help to take your finances to a more […]
Accounts receivable management is an area of your finance function that can dramatically impact your business cash flow. It is also an area that you must pay close attention to maintain a financially healthy and sustainable business. When accounts receivable management is done right, you avoid overdue payments, invoices are paid promptly, you can achieve […]
As a business owner, you no doubt have come across your fair share of issues when it comes to overdue invoice problems. The impact that accounts receivable management problems and solutions can have on your daily business operations is often underestimated by business owners until it’s too late, and they end up in a difficult […]