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A climb in high altitude takes a few days in Alpine style or several months in classical style. The same applies to the implementation of a software. My DSO Manager is the first credit management solution in Alpine style
The Alpine-style refers to mountain climbers who make climbs in high altitude in an autonomous and very fast way thanks to the improvement of the techniques and the equipment. It is opposed to the classic expedition style where mountaineers set up fixed camps, connected by fixed ropes, fed with...
Which of the sales or accounting departments must take care of customer reminders? With what interactions and what tools? What systems work?
Do you have an organization and a sharing of responsibility that allows your company to perform well in debts collection management? Have you thought about this mode of operation to get the best results? Do you get paid well by your customers? The hybrid nature of debt management between...
What is the Credit Management paradox? How this essential function is available only in few companies?
Credit Management is every passing day a function whose necessity is more recognized by business managers. In a context of economic crisis where companies are struggling to fund the development of their activity, the speed-up of cash...
Late penalties are a great tool to educate your customers to pay on time and to get a financial compensation in case of overdue. How to apply them?
Invoices should be paid on their due date unless there is a good reason to not pay them: material or service delivered is not complete, invoice is wrongly issued, quality issue... etc. In all other cases, you should have your invoices paid on time according to the due date as committed by your...
Chase up customers for payment is a good practice! But with what media? Phone, email, SMS, interactive email ... Which communication vectors choose to be the most effective?
New tutorial on recovery media. Which media are most used? Are some obsolete or forbidden? What are the most appropriate means of communication for debt collection? Is it necessary to adapt the media according to the level of dunning, or the type of customer, the collection...
Late payment penalties
|Late payment penalties
How to use late payment penalties to educate customers to pay on time? What are the rules to apply them depending on the country?
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What are the advantages to start the collection process before the invoices due dates? How to perform an efficient collection prior due date?
Any commercial relationship is based on mutual commitments shared between the seller and the buyer. The buyer undertakes to pay the price of the service or equipment delivered on the date specified in the contract and invoices. However, the buyer frequently forgets, at least temporarily, this...
What interest can a find SMEs to use specialized software in the debt collection?
Cash is the lifeblood of any business. Cash makes possible to meet its obligations to its suppliers and financial partners. Cash allows the payment of salaries, and provides the ability to invest and develop the business. This assumption is generally accepted. Almost all leaders and business...
This blog discusses how to evaluate an existing credit application and identify deficiencies or how to create an optimal new credit application.
Credit applications are usually a way for creditors to collect information about a potential customer and communicate credit and contractual terms. Unfortunately, all too often the credit applications we see at our commercial collection agency are missing key items necessary to protect our...
Credit Management tools
|Calculate and drive the working capital of your business!
Working capital requirement is the amount needed to finance the operation of the business and the difference between disbursements and receipts.
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