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By employing effective credit management practices, you can help your business bring in the revenue it earns. Yet even the most prudent strategy can’t eliminate all risk. Fortunately, there’s a tool that helps – credit insurance. A credit insurer provides an unmatched depth of information about the health of your buyers and covers you in case of an unexpected loss. Tip 1 Tip 2 Research Your Clients Before Signing Contracts Clearly Document Terms and Conditions 50% 45% 35% NET 30 NET 60 NET 90 Tip 4 Bill Quickly After Delivery Tip 5 Tip 6 Call Customers on or before Invoice Due Dates Establish a Reminder Process Tip 7 Tip 8 Document and Communicate Your Process to the Entire Organization Regularly review updated financial information without bias Tip 9 Bankruptcies Late Invoices* Set Ambitious Goals and Actions bankruptcies among small and medium-sized businesses occurs due to customers that default on their invoices 1/5 Sorry WE’RE CLOSED Sorry WE’RE CLOSED Sorry WE’RE CLOSED Sorry WE’RE CLOSED Sorry WE’RE CLOSED Tip 3 Make Sure Customers Sign Receipts for Products and Services * http://www.pymnts.com/news/2015/fundbox-majority-of-smbs-impacted-by-late-payments/ unpaid Download our full list of credit management practices here, or learn more about credit insurance by visiting www.eulerhermes.us. You took on a new customer who appeared to have huge potential. But 90 days later, you find yourself waiting for the invoice to be paid and wondering if it will ever arrive. Sound like a familiar scenario? Late payment and payment default situations like these happen with alarming frequency – it’s critical to the financial health of your company to minimize them. So how can you mitigate this risk? Read our 9 tips below. for Improving Customer Credit Management 9 Tips

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By employing effective credit management practices, you can help your business bring in the revenue it earns.

Yet even the most prudent strategy cant eliminate all risk. Fortunately, theres a tool that helps credit insurance. A credit insurer provides an unmatched depth of information about the health of your buyers and covers you in case of an unexpected loss.

Tip 1 Tip 2Research Your ClientsBefore Signing Contracts Clearly Document Terms

and Conditions

50% 45% 35%NET 30 NET 60 NET 90

Tip 4Bill Quickly After Delivery

Tip 5 Tip 6Call Customers on or before Invoice Due Dates Establish a

Reminder Process

Tip 7 Tip 8Document and Communicate Your Process

to the Entire OrganizationRegularly review updated financial information without bias

Tip 9

Bankruptcies

Late Invoices*

Set Ambitious Goals and Actions

bankruptcies among small and medium-sized businesses occurs due to customers that default on their invoices1/5

Sorry WERECLOSED

Sorry WERECLOSED

Sorry WERECLOSED

Sorry WERECLOSED

Sorry WERECLOSED

Tip 3Make Sure Customers Sign Receipts for Products

and Services

* http://www.pymnts.com/news/2015/fundbox-majority-of-smbs-impacted-by-late-payments/

unpaid

Download our full list of credit management practices here, or learn more about credit insurance by visiting www.eulerhermes.us.

You took on a new customer who appeared to have huge potential. But 90 days later, you find yourself waiting for the invoice to be paid and wondering if it will ever arrive. Sound like a familiar scenario?

Late payment and payment default situations like these happen with alarming frequency its critical to the financial health of your company to minimize them. So how can you mitigate this risk?

Read our 9 tips below.

for Improving CustomerCredit Management9 Tips

http://www.eulerhermes.us/Pages/default.aspxhttp://information.eulerhermes.us/acton/form/2938/00c7:d-0001/0/-/-/-/-/index.htm

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