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Tag Archives: Trade credit
Credit Bureaus: Friend or Foe?
Extending credit to customers is an intelligent business process that can be immeasurably valuable in gaining customer loyalty. However, if not done both carefully and thoughtfully, it can become one of the most damaging practices in business. Previously, we worked through the process of … Continue reading
Perfect Terms – Ultimate Guide to Extending Credit without Breaking the Bank
If you are giving net terms (i.e. selling on credit) to your customers, you know they are treating you like a bank. They buy goods or services from you, and they end up paying you months later. You are paying … Continue reading
Posted in How To
Tagged business customers, Collections, credit, Late payments, receivables management, Trade credit, working capital
2 Comments
5 reasons why customers pay late and what to do in each case
Next time you call a customer to follow-up on an invoice, it is important you know how to sift through the excuses they usually give over the phone or in an email. Unless you know the precise reason why they … Continue reading
Posted in Trends
Tagged delinquent customers, late-payment, payables, receivables, small businesses, Trade credit
4 Comments
How to collect late payments
Here’s a typical story you can hear from almost any small business owner: the business opens up a credit line to a customer and decides to accept payment in 30 days. Customer buys something, promising to pay in one month. … Continue reading
Posted in How To
Tagged Accounts Receivable, Collections, Delinquency rates, Late payments, Small business, Trade credit
2 Comments
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