This short guide is intended to support commercial account credit managers along with their employees in reviewing receivables and collecting business accounts. It’s intended for credit and receivables employees regardless of the size of your business. As Florida Commercial Collection Attorneys, we see a lot of commercial debt that could have been collected without the aid of an attorney, if clear guidelines had been in place early.
This guide relies heavily on a guidebook created by the International Association of Commercial Collectors, Inc., the world’s biggest association of commercial collection experts.
The intent of the Commercial Collection Guideline isn’t to instruct expert credit managers on the ways to do business in their niche sectors. Instead, the objective is to offer recommendations for credit extension. Furthermore, this guidebook offers tips about how and when to obtain professional commercial collection services.
The aim of this guide is to help you set up and implement credit department procedures and policies that are effective, particularly with the accounts that are slow paying.
The Guide Series will start next Wednesday, with additions every Wednesday – Stay Tuned!