CHAOS CURE: DO NOT FALL PREY TO DESPERATION SALES
During this time of financial crisis, while your focus must be on sales, keep in mind that a higher percentage of customers will default upon payments due, therefore if you can predict which of these customers are most likely to become slow-pays or no pays you may improve your company’s future bottom line
C
redit terms may still be extended but should be reserved for those customers whom are vetted first and determined to be an acceptable risk-
H
ave alternative payment options available for those customers who are too high a credit risk during this financial crisis-
A
ccelerate collection processes when necessary, waiting may change a slow-pay to a no-pay -
O
perate lean, conserve your cash flow by not lending more than you can afford to lose -
S
how empathy and understanding whenever appropriate knowing we are all in this together
PICB IS HERE AND IN SUPPORT OF ALL OUR PRINTING PARTNERS
- The collection fee for PIA and affiliate members is reduced to 15% contingency (excluding legal) and will automatically be applied to any claims placed between now and May 1st.
- Order and pay for 5 Credit Risk Assessment reports and receive the 6th one free
- All consulting for establishing good credit policies remains FREE
Request service via the web at
www.picb-us.com
or for more information contact us at 847/265-0400
Stay healthy, and prosperous
Andrea Schlack, President
Printing Industry Credit Bureau
