Focusing on trends in specific geographic areas can save your business an abundant amount of both time and money.

Say you have several clients in a region that is losing large amounts of their population due to failing industries. It may be time to rethink doing business there. This is often a sign ...

Partial payments usually lead to bigger problems. It is important to have an internal system such as a CRM to take note of partial or late payments. If your customer can't afford to pay the agreed amount this month, they are likely not to be able to pay the following month either. The longer th...

Skip tracing is a key element of debt collections and most debt collectors will participate in this activity in their daily operations. Skip tracing is the practice of locating individuals. This practice takes place in the collection industry when the contact information on an account is no longer v...

Patterns can help point out why or when someone will be making their next step. When evaluating a delinquent customer, take note on how often they pay, if any payment plan was put in effect, if they pay with cash or card and how much they pay.

At Point Credit Solutions, we have found it very benefic...

Many clients are easy going and a joy to work with. However, there will be times when you need to keep your guard up. If a client is repeatedly asking for clarification, proof of service, or delivery that is usually...not a great sign.

Keeping a clear record of the services and/or product...

Many of you know what accounts receivable means however, many of you also don't. Weather you are a business owner, a teacher, an office manager, or even a stay at home parent, this term is important to know. It is the money owed to a company by its debtors. Generally it is in the form of an invoice ...

Days Sales Outstanding (DSO) is the average number of days that receivables remainoutstandingbefore they are collected. It is used to determine the effectiveness of a company's credit and collection efforts in allowing credit to customers, as well as its ability to collect from them.

To calculate you...

As a business, it is important to understand your clients. Weather it is a first timer - or a 'regular' one must do their research. To ensure your product and/or service will be paid for, first determine the customers ability and likelihood of settling a debt within agreed credit terms. 

If a c...

That's right...If you are a business trying to collect outstanding receivables, it might not feel like ANYONE wants to pay their bills! The reality is, most people want to pay you but sometimes there are circumstances that prevent them from doing that.

These circumstances usually fall into three cat...