When it comes to debt collection and unpaid invoices, there are many ways a business can collect what is owed to them. Businesses can attempt to collect debt internally, putting a lot of time and resources into establishing processes and procedures, or they can use a debt collection agency that … [Read more...]
Recourse Factoring and How it Can Benefit Your Business
Debt-Service Coverage Ratio: A Useful Financial Measurement for Assessing Future Debt Recovery
Debt-service coverage ratio (DSCR) is a vital corporate finance tool. It’s how lenders measure an organization’s available cash flow to pay off debt obligations, essentially a credit score for a business. Even governments use DSCR to determine other countries’ ability to pay for the goods it … [Read more...]
Top 5 Ways To Collect On Past Due Commercial Debts
When a client does business with you, you expect to be compensated for your product, labor or services. Most clients do pay. But what happens when a client does not pay or pays very late? Fortunately, you have options at preventing non-payments and debt collection solutions for recovering money owed … [Read more...]
What Are The Warnings Signs Of Businesses Not Paying Invoices
Doing business with others means occasionally putting up with a late payment as a fact of life, but it doesn't mean that you should let your own accounting suffer. If you invoice customers for products or services, you should look for warning signs that a business late on paying may be a symptom of … [Read more...]
Best Ways To Clean Up Business Credit Score
Whether you're a new startup or have been operating for decades, now's the time to increase your business credit score. Not only can it help you acquire critical financing, but it can also increase the value of your company and even protect your personal credit. Efforts like preventing non-payments, … [Read more...]
