For those in the credit and collections industries, it can be a challenge to keep up with new regulations and requirements. Check out these three new bits of legislation that you’ll want to start preparing for as soon as possible:
When it comes to choosing the software you use in credit management, it’s good to remember that there aren’t really many “bad” tools. But there are lots of “wrong” tools. Check out which one is right for you!
The CICM and FSB created a new guide, titled Managing Cash Through Brexit. In the guide, you’ll find a series of questions to help assess your company’s current risk profile, and it offers a list of ten tips to help manage cash.
When it comes to keeping your credit management and IT functions connected and running smoothly, there are benefits to both on-premises and hosted solutions. Read on and discover what you should think about when you need to make the choice.
A lot of companies are dealing with the problem of late payments. Many initiatives have been started to try and encourage businesses to pay on time, but none of these have solved the issue entirely. This month new financial reporting rules will come into effect in the UK, requiring big businesses to post their payment records on a government website.
Calling a customer and confronting them with invoices that have not been paid can be hard. But what if the customer discloses that they are having serious health problems, terminal illness or even suicide plans? How can you deal with vulnerable customers?
It has long been prophesised that one day robots will render human labour obsolete. However, rather than plunging society into the unknown of universal unemployment, artificial intelligence has the potential to revolutionise business while working alongside humans.
This is because technology lacks one vital possession that means it can never replace humans entirely: a heart.
In today’s world, software is basically an essential part of business. No matter what your company does, you probably use software on a regular basis. Even if it’s just to check emails and write letters. So, how do you know that it’s time to invest in some new tools? Here are some signs to look out for.