It’s official. The customer/client is insolvent or bankrupt with no hope of recovery. Either way (depending upon your specific credit policy and procedure) the next step would suggest that the account balance be written off to bad debts and life…

If you are exporting and insisting on letters of credit as payment, you are probably losing business to your competitors who are offering open terms. If this is the case, you should look into export credit insurance as an alternative…

You don’t want to wrestle with Your accounts receivables – You just want to tame them.

If you take steps to manage your receivables by applying the right kind of pressure at the right time, the beast can be tamed.…

Credit managers are often faced with the task of getting paid when they have a letter of credit that contains conflicting issues. Compounding this problem is the fact that banks have no incentive to change their practices regarding fee-generating services…

One of the biggest problems that most companies face is getting financial statements from customers. It seems that only the very few companies that possess some kind of tremendous leverage can get financial statements all the time. Most have to…