Late payment and payment default situations happen with alarming frequency – it’s important to the monetary well being of your organization to reduce them. Customers who fail to pay their invoices or drag their feet in paying can immediately jeopardize the survival of your small business. Boards should ask the best questions to ensure credit-related challenges are understood and that management is proactive in figuring out and mitigating issues. Credit is not a typical topic for boards, but given the velocity of this disaster, issues about agency liquidity, and the necessity to help customers and suppliers, it should be included on any COVID-19 response agenda.
Creditman’S View: Top Ten Debt Recovery Myths
While processing an order, the system allows a consultant to get the details ab...Read More