Cash Application

4 Steps to Achieve a Higher AR Reconciliation Rate

With today’s relentless focus on working capital management, speeding up the order-to-cash cycle, and improving DSO, AR reconciliation is more critical to a company’s financial health and… Read More

How the European Commission Plans to Fix Its Late Payment Culture

Late payments are the bane of accounts receivable departments and have made managing cash flow increasingly difficult. As the life blood of a company, a creeping cash flow can lead to the eventual

When You Can’t Bank On It

Bad check. Bounced check. Rubber check. No matter how you describe checks returned for non-sufficient funds (NSF), the burden of collection initially falls on the AR Department.Credit managers who

Are You Using These AR Best Practices?

Financial transaction processing in today's environment is a critical operation for any enterprise. No matter the size of an entity or the nature of its business, there are logical, sensible, and

Those involved with international payments should be familiar with the payment methods used. Letter of Credit (LC) An LC, a common form of international payment, is fairly simple. The customer… Read More

The Facts of Factoring

Imagine your business just made a six-figure sale to a company across the country. The problem? The buyer has 60 days to pay, but your cash flow is limited, meaning you can’t afford the immediate… Read More

With Rising Global Sales, Credit Pros Must Master Export LC Fundamentals

With exports by U.S. companies continuing to hit new records, more credit pros than ever are navigating the often tricky waters of international credit. Especially in emerging markets or with new… Read More

Protect Against Loss When Managing Multiple Currencies

AR and credit managers whose organizations accept payments in multiple currencies can find it a constant struggle to deal with wildly fluctuating exchange rates. The good news is that there are steps

Best Practices: How to Handle NSF Checks

What should you do when a check is returned for non-sufficient funds (NSF)? According to conversations with attorneys and credit industry professionals, it's important to be knowledgeable about the… Read More

State Bad Check Service Fee Laws

Each state has its own laws governing various aspects of bad check collection, including service fees that can be charged. The table below provides links to each state's bad check codes, statutes and