Credit

Q. Is anyone increasing their bad debt reserve due to COVID and an increase in slow pay? A. (Answered by the IOFM Advisory Panel) ----- Overall our aging/DSO is back to pre-COVID levels, but we did… Read More

Q. I wanted to share a type of fraud we have experienced since March (COVID). All people in credit need to be aware of this taking place. On two occasions, we have had requests come in through our… Read More

Q. What does the term EOAP + N90 mean? Would you explain what type of payment term this is? I'm not familiar with "EOAP." Should I avoid this and ask for lower terms? How is this different from N30,… Read More

Q. In the past 60 days, have you seen a great nmany new customers wanting to buy on credit? A. (Answered by the IOFM Advisory Panel) ----- I'm still receiving a steady influx of new applications… Read More

Everybody’s strapped for cash during the COVID-19 pandemic, buyers and suppliers alike. With no end in sight, some AR organizations have bent their normal terms and policies just to stay in

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Q. Are your customers dictating terms? What is your response to that? How are you dealing with it? A. (From the IOFM Advisory Panel) ----- Our customers' payment terms are included in their signed… Read More

by John G. Salek - For most companies, the COVID-19 economy will cause revenue reductions and cash shortages far worse than prior recessions in this country. Two major changes affecting the… Read More

This template provides method to document quantitative measures for the creditworthiness of a customer. Format Microsoft

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