As we move into 2021, it’s safe to say that no one has a good handle on the world’s economy. Sure, there are plenty of opinions, and you may have your theories, but 2020 taught us that we don’t know as much about the future as we previously believed. So, when it comes to risk […]Continue reading "Risk Management in 2021: How the World’s Volatility is Changing the Landscape"
Collecting delinquent accounts is a challenge. For home furnishings suppliers, it’s vital to build and maintain positive relationships with retail partners – and collecting on an account will only serve to strain that relationship. Unfortunately, there will be a point with some of your accounts where collecting is the only option. In this article, we’d […]Continue reading "What Information Should You Gather on Delinquent Accounts Before Collecting?"
Traditional Commercial Collection Agency Vs. Member-Owned Collections What do Neiman Marcus, Stein Mart, and JCPenny all have in common? They each filed Chapter 11 bankruptcy this year (Neiman, luckily, emerged from it). As a credit manager, it is important to keep abreast of the latest trends in retail so you can make smart credit decisions. […]Continue reading "Traditional Commercial Collection Agency Vs. Member-Owned Collections Services"
In managing credit risk with an insolvent customer, the seasoned credit team also appreciates not just the A/R risk, but the preference risk should the customer […]Continue reading "Supply Chain Preference Releases in Chapter 11 Retail Cases"