Things to Think About Before Hiring a Collections Agency

Legal action?
Collecting accounts receivables promptly is essential for a healthy business cash flow. But how do you properly deal with non-paying (and subsequently unresponsive) clients? What’s the best way to manage credit collections for unpaid invoices? Picture this scenario: You are in a recurring buyer-seller relationship with a certain Client A. They’ve chosen you as the supplier of a crucial component of their flagship product. Every month, Client A sends you a 50% down payment for the products. Upon receipt of the down payment, you promptly begin to manufacture and then deliver the requested supplies on time. Upon receipt of the […]

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Creating Terms and Conditions For Your Invoices

Paperwork
Are you tired of cash flow problems? Do you wish your customers would pay you what you want when you need it? Are your worried that your business is not as protected as you want it to be? One of the best things you can do to get your small business paid on time is setting strong terms and conditions for your invoices. The trouble is, setting the right terms and conditions can be difficult and confusing. Also, if you don’t set them up correctly, you may have trouble getting your clients to pay you when your business needs cash. Don’t […]

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Things to Consider when Writing Credit Policies

Things to consider when writing a credit policy
Writing a credit policy is different for every business. There are questions to be asked and considerations to be made to create a policy that protects the interests of the business and its customers. In this post, we will discuss the key factors you need to look at when writing your credit policy. But first, let’s take a closer look at credit policies and what exactly they are used for in business. What is a Credit Policy? In simple terms, a credit policy is a set of guidelines that govern payment terms, particularly for B2B transactions. In most retail establishments, you rarely […]

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Why Should Businesses Extend Credit?

Extend credit with Apruve
While a lot of business owners can easily dismiss the option of extending credit and terms — for fear of delayed or default payments from their customers — there are those who opt to travel the opposite route. Because you’re reading this article, I’m guessing that you’re probably at a crossroads right now. Am I right? Are you considering the option of extending credit to your customers but you’re unsure if that’s a good decision? Well, allow me to share the benefits associated with extending credit and terms to your business customers. At this point, let’s focus on the benefits […]

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8 Great B2B eCommerce Sites

B2B eCommerce website tactics
In the mega-lucrative but increasingly specialized world of B2B eCommerce, what are the best strategies for hitting the top ranks? What are the top ranking B2B sites doing that their competitors are neglecting? In this article, we take a look at eight dominant B2B eCommerce sites and examine the top strategies they have nailed perfectly, driving awesome results. 8 Great B2B eCommerce Sites 1. Alibaba Launched in 1999, Chinese-owned Alibaba is hands-down the world’s largest global eCommerce site. Showcasing products from SMEs ranging from finished products to raw materials in over 40 industry categories, Alibaba serves over 18 million buyers […]

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How B2B Buying Negatively Impacts Business

B2B buying
Businesses of all sizes, across all industries, often struggle with growing their business while waiting for payment on products and/or services they have delivered. Payment terms of 30, 60 days or more are convenient for buyers, but delays the benefit of the payment to the seller. Some transactions can be processed by credit cards, though most high-value transactions end up in the accounts receivable column of a company’s balance sheet. Buyers immediately benefit from what they buy, whether it is a capital equipment purchase or professional services. The seller needs to wait to pay their staff, pay their taxes or […]

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