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The Seven Habits of Highly Effective Credit Managers

Debt Recoveries

Hi, my name is Adam Stewart, Debt Collection Expert and owner of Debt Recoveries Australia. Since forming a debt collection company many years ago, I have had the opportunity to meet many small and medium enterprises (SME’s) and company owners and see how they manage their accounts receivable internally. Get trade references.

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The digital revolution: Finech technologies to optimise your credit management process

On Guard

Which FinTech technologies are transforming the credit management process? Digital transformations: the future of credit management Big data & AI Expectations of big data and artificial intelligence (also known as artificial intelligence or AI) have been high for years.

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Exclusive Survey Insights on The Impact of High Days Sales Outstanding

The Kaplan Group

A new study, based on an exclusive survey by The Kaplan Group , provides a comprehensive analysis of payment collection challenges, focusing on companies affected by high and very high Days Sales Outstanding (DSO). This suggests that as companies grow larger, their credit and collection challenges increase.

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How will Hunstein v. Preferred Collection & Mgmt. Impact The Collections Industry?

Credit Management Company

Everyone in the debt collection industry is familiar with the Fair Debt Collections Practices Act (FDCPA). Reputable collections agencies willingly follow these rules and treat patients with compassion and respect. Preferred Collection and Management Services, Inc. Now the FDCPA is in the news again.

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California Federal Court Halts Allegedly Deceptive Debt Collection Practices by Blackrock Services, Inc. and Affiliates

Troutman Sanders

On February 27, the Federal Trade Commission (FTC) successfully obtained a temporary restraining order against Blackrock Services, Inc. The court order aims to halt the defendants’ alleged deceptive and abusive debt collection practices. along with Liberty Credit Management, Inc.,

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48% of Businesses see increase in late payments

UK debt collections

Clear evidence that the pandemic is fuelling a continual problem that blights trade. The New data supplied from cloud-based credit management platform, Know-it highlights that late payments remain an ever-present challenge for business owners. Late payments damage cash flow, restrict growth and can even present insolvency risks.

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Driving the Future of Credit Management- guest blog by Laurie Beagle FCICM, Managing Director at Forums International Ltd

CICM

Are you prepared to increase credit limits? If you are Credit Insured have your insurers been reducing cover? How does this affect trading with your customer base? Revisit your collection procedures. Have you considered employing a Debt Collection Agency in the short term? What timescales should you apply.