Extending credit to customers is a natural course of doing business. There are always risks involved when extending credit and many important questions that may arise. Unfortunately, the tough questions can too often be overlooked. As business owners, we should be prepared to have answers to difficult questions.
Who are you granting credit to?
How big of a risk are you willing to take?
How well do you know your customers?
Please contact me to find out what other questions and documents you should have in place to secure your assets as well as ensuring that your clients are respecting the credit limit you are extending - so you get paid!
Having the proper documents in place beforehand can help prevent a big headache in the future.
The reality is no matter how diligent and proactive you are, there will always be those who do not follow through on their commitments. I can assist you and your business through all stages of the credit process. Whether it be creating the proper policies and documents or helping collect those invoices that didn't get paid.
Please contact me to find out how I can make extending credit to your clients, a little less complicated. 306 520 4009.