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34 POSTS_FOUND
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Published on : December 31, 2022
When it comes to commercial unsecured receivables time is the major factor that can mean the difference between a successful collection, or a bad debt write off. There are other factors that influence the outcome of a collection, but holding on to a debt too long is by far the leading reason behind bad debt write offs. In the collection industry we see this pattern day in and day out.
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Over Due Notices Author : IRS CollectionsPublished on : November 29, 2022
Overdue notices, or demand for payment dunners, are an essential tool for any accounts receivable department when an account is overdue for payment. When a customer is late it can be a warning sign that something has changed and they are experiencing a cash flow problem. How they react to an overdue notice can be very enlightening.Read More -
Published on : October 26, 2022
One trend we are seeing that is steadily expanding is the domino effect that companies going out of business, or declaring bankruptcy, have on the accounts receivables of suppliers and creditors. The last 2 years has been challenging for companies as inflation, lock downs, supply shortages, changing buyer habits, labour shortages and other related factors have created an economy laden with uncertainty. When companies go out of business, they leave a lot of bad debt write offs for active companies to swallow.Read More -
Published on : August 31, 2022
This blog is primarily intended for US lawyers and companies who are looking at getting skip tracing done in Canada. While most US law firms and companies are familiar with skip tracing rates and services in the United States, there are some major differences on how things are done in Canada.
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Changing Buyer Habits Author : IRS CollectionsPublished on : July 28, 2022
Mortgage rates steadily rising, inflation and shortages spreading throughout supply chains, gas and oil prices constantly surging, lockdowns and general uncertainty are changing buyer habits. In many ways our current economic situation is in chaos. In times of chaos there are opportunities to increase market share and create new revenue streams. It is the companies who diversify their operations and strategies to meet and exceed new buyer habits that will prosper and grow.
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