Accounts Receivables Management Collections Debtor 
Nexa Collect
JULY 19, 2020
Carrying the lowest possible level of bad debt involves having a sound credit policy and shortened collection periods. . There is always an allowance for doubtful accounts, but don’t become negligent about how much you allow. Maintain clear records of your practice’s attempts to collect an outstanding balance. . or after 9 p.m.
On Guard
MARCH 25, 2022
Debtor management or accounts receivable seems fairly simple: money arrives, you note that the customer has paid and book the money into the company bank account. But those who know the process a little better, know that accounts receivable, especially in the automotive industry, is rarely that simple.
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Payment Savvy
JULY 21, 2020
We don’t need to justify the vital role collection agencies play in our economy. Agencies also help consumers stay accountable for their financial purchases with manageable repayment plans. Are you interested in opening a collection agency? Acquire Debt Collection Software. Not sure where to start?
Payment Savvy
JANUARY 7, 2021
When an account goes past due, many send the account to a reputable and compliant collection agency to obtain monies on their behalf. Even during debt collection, agencies should deliver exceptional customer service and, ultimately, end the relationship with a satisfied customer. Personalize the Collection Process.
National Service Bureau
AUGUST 19, 2015
Like any industry, the debt collection and accounts receivable management industries have some bad apples. The latter are obviously people and organizations that you would want to avoid should your business need assistance with collecting on delinquent accounts. Or no legitimate debt buyer?
National Service Bureau
MAY 12, 2015
As it relates to collections and accounts receivable management , skip-tracing is the process of locating debtors whose contact information is no longer accurate. Often, companies have to purchase access to this information, or hire a collection agency that already has access as part of their services.
Troutman Sanders
JUNE 30, 2021
On June 26, Minnesota Governor Tim Walz signed into law a bill that expands the regulation of the accounts receivable management industry to include debt buyers and affiliated companies. Debt buyers, like collection agencies, must apply for a license with the commissioner of the Department of Commerce by January 1, 2022.
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