DSO or Days Sales Outstanding is an accounts receivable benchmark

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A Great B2B Credit Tool -Indemnity Agreements Author : IRS Collections
Published on : February 8, 2022

B2B companies face an inherent risk of extending credit to limited company customers. The added risk when dealing with a limited company is company directors have automatic immunity to personal liability on unsecured debt. In other words, if the limited company goes out of business the directors can simply walk away. Indemnity Agreements are a handy credit tool that can reduce this risk while increasing sales.
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Residential Tenancy Collections in BC and Alberta Author : IRS Collections
Published on : January 25, 2022

There are major differences between Alberta and BC when it comes to third party debt collections on delinquent residential tenants and faulty landlords. It should be noted that commercial leases and rentals fall outside of the BC Residential Tenancies and the Alberta Residential Tenancy Dispute Resolution Service (RTDRS). This article only covers residential tenancy collections.
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Going from Cash Only to Extending Credit Author : IRS Collections
Published on : December 13, 2021

We are seeing a trend of some companies who operate on a cash basis starting to extend credit to their customers. The necessity of extending credit is primarily being driven by the need to retain large volume customers or lose them to a competitor.
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Agreements with Collection Cost Recovery Clause Author : IRS Collections
Published on : November 16, 2021

Many companies have credit agreements with their customers containing a clause that the customer agrees to pay all collection recovery costs should they default on their payment terms. However, what are the actual odds of enforcing a credit recovery cost clause in BC and Alberta?

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Free Credit Information Sources Author : IRS Collections
Published on : October 19, 2021

There are several alternate information sources for credit management. In addition to paid credit reports, there is free information that can help detect and determine when to list a delinquent commercial customer for collection. When a commercial customer starts to go into arears it pays to do some basic free research.
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