It's time that we review our blog posts from the past year to discover any trending topics for 2023. In previous years, we've used this annual review to learn insights on how we can do better for our readers. Let us know if there's a topic that we can do better for you in the upcoming year.
Here are the Accounts Receivable and Business Collections Trends for 2023.
#10: B2B Sales & Marketing Tips to End the Year Strong
While our blog is here to help educate and support accounts receivable and collections teams, we also understand that sales and marketing are important to your business's cash flow as well. We focus on client relationships and how to stay connected all the time but this post offers great tips to get through the end of the year when it might be a quiet time for B2B.
#9: Top Skills of Successful Accounts Receivable Specialists
Because our company employs successful A/R specialists, we feel like we have some insights into what makes them successful. In this post, we offer some of the most prominent skills necessary to prompt payment and have conversations about money with your clients.
#8: Don't Let Past Due Invoices Ruin Your Holidays!
This post may have been holiday driven but it provides valuable proactive steps for any time of year for accounts receivable. When your A/R department is on top of accounts that could go delinquent, your business is less likely to suffer from cash flow challenges.
#7: 4 Signs Your B2B Collections Policy Isn't Working
As with any policies or procedures in back-office tasks, we recommend reviewing and updating them on a regular basis. By checking in on your business' collections policy, it may become clearer why some payments are arriving late or not being paid at all.
#6: What to Expect When Reconnecting with Clients in Person
It's been a weird few years and meeting clients in person again might feel a bit awkward. We gathered these tips from our own in-person meetings during 2022 and hoped they would help entrepreneurs, freelancers, sales managers and more. Now go dust off those professional clothes!
#5: Tips for the Prevention of Accounts Receivable Delinquency
Instead of reacting to late-paying clients, we recommend preventing delinquent debts from happening. The recommendations in this post include running business credit reports and other proactive steps to ensure a smooth A/R process.
#4: What's the Difference Between Accounts Receivable and Collections?
Here we break down how when accounts receivables begin and when they could be escalated to collections. Technically, any receivables should be collected but we hope to clarify the immediacy of escalation and which departments are involved in the process.
#3: Three Ways to Recover Unpaid Invoices
The services that we offer to our clients are threefold - assistance with accounts receivable, bad debt collections and litigation services. This post details what we do in each step and how it helps you recover unpaid invoices.
#2: Pros and Cons of Sending Clients to Collections
We understand that your relationship with your business partner or client is essential. If you're wondering if you should send a client to collections for an unpaid invoice, this post offers some things to think about to help with that decision.
#1: What To Say When Collecting Past Due Invoices?
It can be challenging to pick up the phone or type an email to collect what's owed to your business. We're here to help. This post details what to check before reaching out to a client and then provides exactly what to say to help prompt payment from your client.
At Enterprise Recovery, we have long-term collections experience and we specialize in B2B business debt collections. It's important to us to help our readers be successful with their own A/R and debt collection efforts. Thanks for reading and we're here to help in 2023.
