Advertising and marketing agencies are facing a crisis in their ability to get paid on time. Over the years, average payments to these agencies has gotten longer and longer. Many big companies are taking advantage

Psychology can play a huge role on why you’re not collecting as much as you should and how you can optimize your efforts to collect even more. The study of how the mind works and

No collections department is free of crazy payment excuses. In fact, if you’re a small business you’re more likely to come across late payment excuses. Dun & Bradstreet reported that majority of the culprits

When a customer doesn’t pay on time, we can spend a lot of time wondering “why?!”. Wouldn’t it have been much easier for them to have simply paid the invoice on time, instead of causing

How much are your outstanding invoices currently costing you? Many businesses factor in the cost of credit on a high level, but the true cost of accounts receivable is rarely calculated or focused on

Many accounts receivable departments are looking for new tactics they can use to ensure a customer will pay them on time. These tactics vary from sending consistent payment reminders, making phone calls or check trade

When you allow customers to purchase on a line of credit, there is always a risk associated. You could struggle to collect the payment for months, the customer may choose to never pay at all

As year-end approaches, the pressure is on for accounting departments, especially those involved in collecting outstanding invoices and pull in as much revenue as possible before closing the books. This is a frustrating task that

According to a survey from Credit Today, bad checks are on the decline for many businesses, but there are still plenty of industries who continually to struggle with them. You’d think the biggest concern of

Invoice collection calls are an important aspect of any invoice accounts receivable strategy and like all things, there are some invoice collection best practices to follow. For example, always smile when talking on the