Dodging the deadbeats

Article Abstract:

Companies can implement an effective collection system for accounts receivable even under recessionary conditions. Malcolm Moses and Assoc of Merrick, NY, encourages companies to run comprehensive and updated tests on credit ratings of customers to avoid collection problems. Additionally, the firm suggests that companies gather bank references to assess client repayment record, as well as avoid the extension of credit to delinquent clients as a stop-gap measure during slow banking periods.

Accounts receivable

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Bringing help on board

Article Abstract:

Small-business administration may be enhanced with the guidance of an external board of directors. The advice these professionals provide can be valuable in putting the business in its proper course towards growth and profitability. Scouting for the right set of directors entail an analysis of the particular firm's requirements and objectives. Successful business people who began as small entrepreneurs themselves are qualified to become outside directors of small companies.

Management consulting services, Innovations, Services, Corporate directors, Business consultants, Management consultants, Management contracts

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Giving credit where it's due

Article Abstract:

A formal credit policy is a sound business system for maximizing income and reducing customer debt problems. It is also easily understood by responsible clients. A sound policy should provide guidelines for credit application approvals and credit limit determination, as well as contingency measures for problem debtors. Such a policy must be kept current and centralized, thus requiring continuous maintenance and employee training.

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