Archive for the ‘Credit Account Management’ Category
Get It In Writing: Create a Credit Policy
Tuesday, December 27th, 2016As businesses grow and industries change, it often becomes necessary for you to extend credit to clients. This process allows you to do business with more customers since not all can pay at the exact sale or service time. Many business owners handle this process through an invoicing practice, which is beneficial for many different…
What Happens When Your Customer Declares Bankruptcy?
Tuesday, April 26th, 2016This spring, the consulting and research firm Deloitte produced a report that revealed a shocking statistic: As many as one-third of all oil and gas producing companies are at risk for bankruptcy in the coming year.1 Analysts at Reuters explained that although oil producing companies have been able to weather the downturn thus far, most…
In the Weeds of Credit Management: Are Joint Check Agreements Good or Bad for Your Business?
Wednesday, April 6th, 2016Experienced credit managers frequently deal with joint check agreements, and you already probably understand that you need to treat such agreements on a case-by-case basis. But it takes time to gain the experience needed to determine whether a particular agreement will be good or bad for your business. For many teams, it’s helpful to have…