Description
Understand how to properly protect your company when establishing payment arrangements after net 30 terms have been breached.
Many credit and collection professionals struggle to identify the credit customers who are most likely to default and fail to create adequate procedures to collect from these customers after they fail to make payment within net 30 terms. This presentation will help the persons responsible for credit and collection to understand how to properly protect their company when establishing payment arrangements after net 30 terms have been breached. This topic will also help said persons obtain additional security from defaulting customers and establish protocols that will help to identify when customers are likely to default.
Date: 2023-11-08 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to describe the methods that will be used to secure customer payment plans after net 30 terms have been breached.
* You will be able to discuss strategies your credit team can implement to get you paid or to secure your debt.
* You will be able to identify customers who are at significant risk of future default and will be able to implement credit holds and other tactics to prevent the debt from growing.
* You will be able to recognize patterns that customers fall into and will be able to better obtain payment from credit customers who are likely going to default in the future.