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eNews Archive

Nov 7, 2024
eNews

Secure payments with a personal guarantee

A personal guarantee, a legal commitment where an individual pledges to cover the business’s debts if the promise to pay an obligation is broken, has become a significant tool in the credit industry.
Nov 7, 2024
eNews

When to write off bad debt

Deciding when to write off an account as bad debt is one of the most challenging calls that credit managers face.
Oct 31, 2024
eNews

Fraud: A haunting reminder for construction credit managers

For credit managers working in construction, being proactive when it comes to fraud can be hard. With so many different schemes orchestrated to swindle your company out of materials or money, it can be a real nightmare for credit managers to know what to look out for, especially as fraudsters adapt.
Oct 31, 2024
eNews

The frightening truth about year-end payment delays

As year-end approaches, credit professionals face a familiar haunting: customers suspending payments and disappearing into the night, causing cash flow challenges just when stability is needed most. From dodging payments to “ghosting” invoices, slow-paying customers can turn the year-end into a horror story for credit teams.
Oct 31, 2024
eNews

Beware of outdated credit application processes

In the realm of credit management, each department operates under its own set of mysterious guidelines and formats for credit applications. While some cling to the familiarity of paper documents, others embrace the digital age with online portals, creating a patchwork of practices that can leave customers confused and frustrated.