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What is the goal of an aging balance? To rejuvenate of course! A serious facelift is however an absolute necessity for any company that wishes to improve its cash flow and maintain its profitability!

The aging balance, this classic tool in terms of appreciation of collection performance, deserves that we take some time to really exploit it and also know how to rejuvenate it. Little reminder: Constituted of different buckets, it looks as a simple tool. The standard approach is to...

Author: YAO Jérémie • 07-19-2019

Why should you use a cash collection software?

What interest can a find SMEs to use specialized software in credit management

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...

Author: MAZUIR Bertrand • 07-18-2019

Why should you chase your customers before the due date of your invoices?

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...

Author: MAZUIR Bertrand • 08-23-2017

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...

Author: KAPLAN Dean • 07-28-2014

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...

Author: MAZUIR Bertrand • 06-25-2014

How To Make Receivables Harder To Collect

6 Common mistakes made it harder for businesses to collect.

We don’t know anyone who actually wants to make it harder to collect invoices, but here are some common issues that result in this scenario. Repeatedly Invoice Incorrectly Develop a reputation with your customer for sending invoices with wrong information is a great way to end up at the...

Author: KAPLAN Dean • 02-27-2014

Is 2014 the year of economic pragmatism?

The situation of companies is and will remain mixed in 2014. Each of them must take this reality into account and adapt its customer risk management accordingly.

The economic crisis is in place at the beginning of 2014. Keep our distance with the political speeches that leverage every micro-positive information to enhance their work with their audience. Business difficulties are indeed present. Failures are at the highest level and the number of firms...

Author: MAZUIR Bertrand • 01-06-2014

Welcome to Words of Experts

Words of Experts provides opportunities for Credit Managers and specialists of credit management to share their knowledge and ideas with Credit tools' readers (business managers, CFO, accounting ... etc.). To write an article, simply create an account, fill in your personal information...

Author: MAZUIR Bertrand • 10-06-2013

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