Nowadays the use of a dedicated software to manage credit management is absolutely necessary to reach a good level of performance in accounts receivable management.
Excel and Access solutions & cie are definitely non-professional tools to perform such activities as:
What are the main features of these softwares? How do they work? Who are the main players on this market?
Read the article.
Get information about your clients
The first step, prior to commercial negotiation and good practice throughout the business relationship, is getting information about your clients. You need to: Know who your...
What is the collection level 1?
Collection Level 1 is a step in the collection scenario of Trade Receivable. When the buyer does not pay the amount owed to the seller by the due date, it leads to a late payment. This can happen...
What is collection level 2?
Collection Level 2 is the third stage of a standard collection scenario. You must tailor it to your company's activity sector, customer types, and commercial strategy. It happens when payment is...