Blog of the Credit Management and cash collection

How to use the chart of authority in credit management?
The chart of authority is a key tool of credit management. It defines who is responsible of what and what is the level of approbation of each person involved in the credit management process.
The Chart of Authority (CoA) belongs to the credit management policy and establish the level of authority of each person in the organization for setting up credit limits or payment conditions. The CoA has to be validated by the top management and must be consistent with the credit management...
Which vows for companies?
What are good questions to ask yourself about your company at the beginning of the year?
Translation of the satiric pic of Charb: Growth arrives! What the hell is she doing? Beginning of the year 2015 is the opportunity to ask some questions. What are the vows to wish to a business? A revenue growth, or at least equivalent to the previous year? A profitability in double...
New tool: specific dunning letter before yearly closing
Get payment of due invoices before year-end in order to improve cash and balance sheet of your company.
New dunning letter template to be used few weeks before closing of financial year of your company.It requests the payment of all due invoices of this year in order to clear customer account and avoid question of the auditors about reasons of overdue invoices.Look at the tool here.
At year end, put the turbo on debt collection
Why and how to optimize the accounts receivable at end of the year, which often corresponds to the end of the companies' financial year?
For many companies the end of calendar year corresponds with the end of their financial year. The balance sheet as of December 31 will form the basis of evaluation of creditworthiness done by many analysts: Credit insurers Banks Suppliers Clients ...etc. These actors...
New features for calculating the DSO
Calculate the DSO on several scopes. What is the DSO a group of client, an activity of your company, or a particular client?
A new feature allows you to calculate DSO and to perform DSO reporting on several perimeters. There are many advantages for this segmentation of the DSO as it helps to detect which areas are potential improvements. Using the application for calculating the average cost of financing your...
New tool for calculating due dates
Online tool to calculate in two clicks due date of your bill regardless of the payment term used
New online tool to easily calculate the due date of your invoice. Select the date of issuance of the invoice and the payment delay to apply and the tool gives you the invoice due date. The proper calculation of the due date is essential to get paid in a timely manner by its customer! ...
How to avoid late payments?
10 methods and tips to avoid late payments and improve cash flow of your business.
Late payment and non-payment are the root cause of one business failure in four. Tens of thousands of companies go bankrupt every year because of this. They are a significant obstacle to business development and an explanation of sluggish growth in regions like southern Europe. Businesses...
Did you know your Credit Application Could be Costing you Money?
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...
New section on penalties for late delivery
What are the conditions for the application of penalties for late delivery to a supplier? Are there any legal requirements? Calculator online.
New section on penalties for late delivery explaining the conditions to apply them to the supplier. The article includes an online tool for calculating penalties for late delivery, allowing them to charge and recover from the seller. See the article here. Go to the tool here.
Credit management policy template
A Credit Management procedure is an operationnal tool which defines internal rules to make quotations, grant credit and manage collection and disputes. This tool is a template that can be used to create your own credit policy
New tutorial and new tool with the credit management policy template available on Credit Management tools. This document is key to reach good performances in accounts receivable management as it defines internal credit rules of the company and organize the communication and responsibilities...
July, the month of preventive recovery
Summer is one of the most difficult period to get paid by its customers. How to organize its collection to anticipate these difficulties and maintain the treasury of his business?
Account receivable management is about anticipation. Whether in customer risk management, upstream of the realization of sale, or in the cash collection, downstream, earlier the action is performed, more it is easy and efficient. For example, it is much easier to ask the customer for a deposit...

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