Prepare your business for any contingency. The best client relationship can turn sour at a moment’s notice, at which point you will need to be able to rely on your corporate records. Many collection cases are lost simply because clients fail to name and bill the correct corporate entity. In
Year end is fast approaching. It is imperative that you take a realistic look at your receivables. If you want to take advantage of write-offs for monies not realized, you must act now.
The aftermath of Sandy has left business owners experiencing the storm’s impact: stalled cash flow, anticipated future increase of sales and questions as to how best navigate the short term. Three suggestions or policies to implement immediately are:
Want to know FFGN’s secret to successful debt collection tips? FFGN returns an average of 65% of every collectable commercial claim placed for collection, results well above the industry norm. Our secret is prompt, effective communication. Keep reading to see what makes our successful debt collection tips so easy to implement.
Remember the old adage, better safe than sorry? When beginning a business relationship with a client how much credit should you extend? How do you know that you will get paid?
Your credit policies and business practices could be the culprit to rising receivables. As is the case with many businesses nationwide, accounts receivable have increased, negatively impacting the bottom line.
We’re sure you’ve heard them one time or another but here is our top 10 list of debtor delay tactics. Feel free to add your own gems in our comments section.
Take Affirmative Action As a business leader much of your time is occupied by attracting new clients and building relationships.