Customer loyalty is something hard to get, and easy to lose. At Point Credit Solutions, we value a client and debtors relationship. On behalf of our clients, we do everything we can to get to the bottom of the debtors payment issue. A huge mistake businesses make is poorly solving problems with deli...

10.22.2020 01:04 AM - Comment(s)

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...

10.20.2020 12:01 AM - Comment(s)

  • Price… Have a Price Including Payment Terms Have That Make Sense

Or…

Did you price yourself out of the deal? 

Perhaps you offered a proposal in which it was too expensive to start so they didn’t even consider you. Maybe you are an HVAC company and you sent out a service technician on a 100-de...

10.19.2020 08:27 AM - Comment(s)

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...

10.16.2020 01:30 PM - Comment(s)

Cash flow is the life blood of any business. If your business extends credit to your customers here are five suggestions that will help you get paid faster every month!
 

1. Ask for Payment in Advance
You might be surprised by the number of customers you have that are willing to pay in advanc...
10.12.2020 03:40 PM - Comment(s)

There are approximately 6000 Collection Agencies in the United States. Some agencies work on a National basis, while others might work within a single Metro Area or County. Whether you use a large collection agency or a very small one, it is important to understand the economics of using a third par...

07.24.2019 08:02 AM - Comment(s)

The Problem:

For many years if a customer didn't pay their obligation to their creditor and stopped communicating, the creditor had just three options:

               1. Continue to pursue the account internally.

   ...

04.01.2019 09:19 PM - Comment(s)