Eastern Credit Management Services

JULY 21, 2023

As a trusted Canadian Debt Collection Agency, Eastern Credit Management Services (ECMS) understands the importance of streamlining debt collection processes to maintain strong client relationships and achieve optimal results.

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Eastern Credit Management Services

OCTOBER 3, 2023

When it comes to debt collection, businesses are faced with a critical decision. Should they handle it in-house or outsource it to a professional debt collection agency like Eastern Credit Management Services (ECMS)? Compliance and Regulations: Debt collection is a heavily regulated field.

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MNS Credit Management Group

JUNE 5, 2023

Introduction When a firm faces the non-payment of one or more invoices, that company will initially try to recover what is owed using an amicable debt recovery approach. Debt collection may be a difficult and delicate procedure that frequently leads to conflict between creditors and debtors.

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Eastern Credit Management Services

AUGUST 15, 2023

In the ever-evolving landscape of finance and commerce, economic factors play a pivotal role in shaping various industries, including debt collection. As a leading Canadian debt collection agency, Eastern Credit Management Services understands the intricate relationship between economic conditions and the process of debt recovery.

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Hilton Baird

AUGUST 14, 2023

The post How to get paid on time: Tips from a debt collection agency appeared first on Hilton-Baird Collection Services. This blog shares valuable tips, insights and strategies to help you to secure more timely payments from your customers.

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MNS Credit Management Group

MAY 25, 2023

The main purpose of debt collection in any country is to find an amicable and smooth settlement of dues between a debtor and a creditor. However, in Indonesia, there are no specific rules regarding debt collection service companies. Indonesia is no exception.

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MNS Credit Management Group

DECEMBER 2, 2022

Many businesses that owe money to creditors use debt collectors, who work for a fee or a portion of the total amount collected. Some debt collectors are also debt purchasers; these businesses buy debt below its face value and then make an effort to collect the entire amount owed. Key Takeaways.

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MNS Credit Management Group

AUGUST 11, 2023

These vital techniques for effective debt collection in Singapore are covered in this brief guide. Understanding The Singapore Debt Collection Process There are several alternatives in Singapore for recovering debt. Being a developed market, there are both in-court and out-of-court methods for debt collection.

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MNS Credit Management Group

OCTOBER 31, 2022

Thus, you can pretty easily find debt collection services in UAE with the help of Legal Consultants in Dubai. Debt collection simply entails pursuing a person to get him or the business the money that is owed. Always make the wise decision to consider your options for collecting your debt from debtors outside of court.

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MNS Credit Management Group

MAY 28, 2022

The Debt collections business is primed for even greater transformation in 2022, which should come as no surprise. Keep track of these items if you’re a developing collecting company to strengthen your operations, increase productivity, and improve client satisfaction. What is the Operating system for Debt Collection?

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MNS Credit Management Group

MARCH 2, 2023

Nowadays, there are two main methods of debt collection in Vietnam. The second option is to request assistance from a debt collection firm, which assists corporate clients in recovering their obligations. One must keep the following in mind when collecting debt in Vietnam: Vietnamese debt collection outside of court.

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Your Virtual Credit Manager

MARCH 19, 2024

If all your customers paid promptly — by the time the invoice was due — you would not need to do any collection work. Collections is a reactive process. The amount of collection activity with which you are tasked is directly proportional to your customers’ payment habits.

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Eastern Credit Management Services

JUNE 13, 2023

Managing consumer and commercial debts can be a challenging aspect of running a business, but understanding the debt collection process is essential for maintaining a healthy cash flow. Establishing Communication: Open and effective communication is vital when attempting to collect debts.

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JSP Credit Management

MARCH 16, 2022

It does not necessarily mean that debt collection and debt factoring are mutually exclusive. As you will learn when we delve into them below, it is more than possible for these two credit management functions to co-exist with, or even complement each other within the same company. So, what about debt collection?

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JSP Credit Management

JANUARY 10, 2022

This blog below is going to explore that change in more detail, and more specifically how it has affected the commercial debt collection industry. Finally, a shift towards more technology-based methods might have paved the way for efforts to streamline the debt collection process for some companies.

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JSP Credit Management

JUNE 27, 2022

For instance, our very first exposure to debt collection was only made possible by the kind of supervision from a more experienced debt collector that would be more akin to a guardian attentively watching over a new-born baby for fear of anything going wrong.

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Eastern Credit Management Services

FEBRUARY 2, 2024

In the dynamic landscape of debt collection, where regulations evolve, debtor behaviors change, and technology advances, staying ahead of the curve is crucial for success. Navigating Regulatory Changes Collection training seminars play a pivotal role in keeping professionals abreast of the ever-changing regulatory environment.

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Priority Credit Management Corporation

OCTOBER 16, 2020

However, if my future self came to talk to me before I started a career in debt collections and said…. Hello, past self, this is Brad from the future and you are going to KILL it in the debt collection business.". A DEBT collector?? Therefore, the collection of its receivables is a significant concern.

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JSP Credit Management

OCTOBER 31, 2021

This article aims to explore the different types of companies that exist in the UK and discuss the implications of each of the different structures for the debt collection industry. Therefore, a business owner operating as a Sole trader will be 100% personally liable for all debts owed by the business.

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Your Virtual Credit Manager

OCTOBER 24, 2023

As with any other task, some people are better at debt collections than others. This includes people who are not comfortable in a collection role, which is a common situation in smaller organizations, especially for those that doesn’t have formal credit and collections training or experience. The good news.

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aptic

JANUARY 17, 2022

In fact, an Aptic survey* on the state of credit management has revealed that 29% of companies are dealing with more late or unpaid invoices during the pandemic. To limit the impact, many are intensively reworking their credit management procedures. In this blog post, we’ll take a closer look at the research.

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JSP Credit Management

APRIL 28, 2022

JSP Credit Management currently allows clients to instruct us on an overdue debt via an automated web form available on our website, but what it is seemingly missing currently is a possibility that allows our future clients to tell us if the case they are instructing us on involves a vulnerable customer.

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Emagia

FEBRUARY 2, 2024

OTC, the main cash flow driver, has many subsets within it, and credit management is more important than it looks on the surface. The top line and bottom line will be positively impacted when a sales order is received and fulfilled, but your business is at risk till you collect cash against the invoice.

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Know-It Global

DECEMBER 20, 2023

A record-breaking year for signups, over £25 million in late payments collected in platform, key hires made, awesome product updates and even a trip down under all squeezed into 1 year. Chris also works with Darcey Quigley & Co our in-app Collect-it partner! This allows users to automate the entire credit control process with ease.

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Eastern Credit Management Services

JUNE 13, 2023

In the challenging world of debt recovery, writing effective collection letters and demand notices is a paramount skill that can significantly impact your chances of successful debt resolution. This can motivate debtors to take the matter seriously and prioritize settling the debt. Reach out to us today.

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Your Virtual Credit Manager

OCTOBER 31, 2023

Accounts receivable (AR) represent the amounts owed your business by your customers for the purchase of goods or services delivered on credit. Because AR constitutes one of largest assets on your books, proactively managing accounts receivable is crucial for the financial health of your business. What do you need help doing?

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JSP Credit Management

FEBRUARY 21, 2022

As JSP Credit Management fast approaches its 1st birthday, some time reflecting on content we have written over the last 10 months led us to recall our blog from 9th July 2021 titled , Growing Pains. Investment in credit management can cost a great deal, granted. When we say resources, we usually mean time and money.

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MNS Credit Management Group

MAY 3, 2023

There are some issues with the debt recovery process that the debt collection agencies confront that need to be addressed by the government at a higher level. In this article, we will explore the causes of these issues, their consequences in the b2b debt collection industry, and potential solutions.

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Know-It Global

JULY 26, 2023

Evaluate and improve your credit terms Begin by assessing your current credit terms and ensure they are reasonable and aligned with industry standards. Consider shortening the credit period, tightening credit limits, or implementing stricter credit approval processes. Struggling for time?

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MNS Credit Management Group

JULY 12, 2023

However, before designating a debt as a bad debt, the lending institution must follow a number of steps. For instance, they could try internal or outside collection efforts or even file a lawsuit. Before the debt is deemed bad, collection measures may still be made. How may loan risks be diminished?

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RMAi Blog

MAY 12, 2023

Nat’l Credit Sys. , A debt collector unaware of the discharge, allegedly due to a bona fide error, sent several collection letters to the consumer regarding the past-due rent. The consumer filed a lawsuit claiming the debt collector, by seeking payment following the discharge, “violated 15 U.S.C. 21-3131, 2023 U.S.

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JSP Credit Management

FEBRUARY 3, 2022

As a leader in business to business debt collection services, we’ve been asked to share our insights into the size and scope of the b2b debt collection industry. After the 2008 recession, businesses began to rely less on traditional credit lines and more on factoring and accounts receivables. billion by 2022.

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Emagia

JUNE 12, 2023

Credit risk management plays a critical role in the financial health and stability of businesses across industries. It involves identifying, assessing, and mitigating the potential risks associated with extending credit to customers or counterparties. What is Credit Risk Management? Credit Risk Management Steps?

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Credit Management Group UK

JANUARY 3, 2024

Getting to this point of debt collection can sometimes be avoided by having all your processes and procedures in place from the start. If you need any help with getting your credit management up to scratch get in touch. The post Making sure you Sue the correct entity appeared first on Credit Management Group UK.

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TreviPay

APRIL 28, 2023

The 8 important steps in the O2C process Order Management Credit Management Order Fulfilment Order Shipping Customer Invoicing Accounts Receivable Payment Collections Reporting and Data Management Tip 1: Offer instant purchasing power at checkout Each step in the O2C cycle is interconnected.

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JSP Credit Management

OCTOBER 10, 2021

Some lawyers are not so keen on the idea, which does not come as a surprise but AI is already being used to make important decisions that will go on to significantly impact the life of the people who are subjected to it, such as in the case of credit lending decisions. But what does all this mean for the debt collection industry?

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Collenda

FEBRUARY 2, 2022

Collenda also immediately joins the “Credit Management Circle” of CRiON in Belgium as Silver Flex Partner. Hartmut Wagner (CEO of Collenda): “With this partnership Collenda can be even closer to the market and respond more directly to the needs of customers in the field of credit management in Belgium.”

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