Successful credit monitoring is all about making sure your other accounts aren't slowly turning into problem accounts right in front of your eyes.
Atlanta, GA (PRWEB) November 19, 2014
C2C Resources, a nationwide business debt collection agency, released today the top seven factors that businesses should regularly monitor about their top customers. The company believes companies should review their monitoring efforts in the subsequent months to start 2015 on the right foot with increased cash flow.
“Most businesses know who their problem accounts are; that’s easy, they are the ones not paying,” said Todd Tinkler, President of C2C Resources. “Successful credit monitoring is all about making sure your other accounts aren’t slowly turning into problem accounts right in front of your eyes. You should always be two steps ahead of your customers so that their problems don’t turn into your problems.”
Tinkler suggests that businesses should monitor all of their accounts through a third-party automated monitoring system. By doing this, it allows businesses more time to conduct in-depth research on the top 20% of their credit-based customers. Tinkler believes the following are the key areas that every business should monitor on these top-tiered customers:
1. Order and payment trends with the business.
2. Payment and public records reported by third party monitoring sources
3. Salesperson observations.
4. Earning reports (if public company).
5. News about the company.
6. Rechecking parts of original credit application.
7. Organizational changes.
For more discussion on the topic, visit the recently released C2C Resources blog: http://www.c2cresourcesblog.com.
About C2C Resources:
C2C Resources is a global Commercial Debt Collection agency headquartered in Atlanta, Georgia. The company collects commercial debt on behalf of their over 25,000 clients and is considered one of the top agencies in the country. The executive team at C2C brings more than 60 years of experience helping businesses collect their accounts receivable.
C2Cs powerful combination of Profit Maximizer, InfoMax Collection System, and Legal Forwarding Edge, can help your company be more effective with your own in-house collecting and maximize recovery of accounts turned over for collection.