How Can Debt Financing Be A Good Thing?

“Is debt financing a good or bad thing?” Perhaps let’s ask the question differently. “How can I slightly increase my write-offs but significantly grow my revenue and profits?” In times such as these, it will be the careful extension of trade credit that will get the wheels of commerce moving again. Savvy business owners and…

Alberta Public Works ClaimWhat You Need to Know

Alberta Public Works Claim
What You Need to Know

  Are you eligible for an Alberta Public Works Claim? Have you provided work to a Government of Alberta Project and not been paid? When you have provided labour or materials to a government entity, such as Alberta Infrastructure or Alberta Transportation, and you have not received payment for work, you may be eligible to…

Collections & Customer Service

On the face of it, “collections and customer service” seems counterintuitive; however, nothing can be further from the truth when trying to collect from a customer. Let’s examine why. In our Dispute and Resolution article, we discussed that slow payment or non-payment of invoices is not necessarily the indicator of a customer solvency issue. On…

Converting Promises to Cash

Do you use a “Promise to Pay Checklist” in your business? Practically every business has experience with customers that promise to pay and don’t. In today’s uncertain business climate, following up on customer payments is more important than ever. We are already seeing many firms holding onto their cash in anticipation of our economic recovery taking…

How to Read and Interpret a Commercial Credit Report

How to Read and Interpret a Commercial Credit Report

Many people are unsure of how read to read a credit report or how to interpret what they read. There are as many variations of commercial credit reports as there are commercial credit bureaus. Depending on what type of creditor you are, you may even see variations of the same report on the same company…

A Few Things You Need To Know About Business Process Outsourcing

Business process outsourcing, or BPO, is the delegation of specific business functions to an external service provider to manage and execute daily tasks. There are a variety of reasons to consider business process outsourcing for your business. The primary reasons most firms do so is to save money, and to focus on their core business….

Indemnity Clause vs. Personal Guarantee

Indemnity Clause vs. Personal Guarantee

In the credit granting world, we commonly see two methods creditors use to make the business principal (owner) liable for their company’s debts. The most common amongst the North American creditors is the personal guarantee, whereas the joint/ several indemnifications are lesser-known. Solid legal verbiage combined with the right backup can greatly increase your recovery…

Dispute Resolution & Recovering Your Money Faster

In the world of credit, there are two main reasons for non-payment. Either the debt in question is subject to a dispute due to communication problem or your customer is a collection problem. A professional debt recovery firm must be adept at negotiating in either scenario. Disputes between organizations can range from simple pricing errors…