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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.
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Beware of outdated credit application processes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.
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 23, 2024
eNews

Five stages of successful project management

Credit managers frequently dive into new projects, whether that’s implementing new technology or updating a credit policy. Effective project management is key to successfully completing any project, no matter its size.
Oct 23, 2024
eNews

Volunteering offers credit managers opportunities to give back

From the steady stream of emails to an overflowing pile of credit applications awaiting your careful review, work can be overwhelming. Even after leaving for the day, it might still weigh heavy on your mind as you anticipate the next day’s workload.