Brennan & Clark LLC has been helping businesses collect loans for almost 40 years. Aside from the high quality service, the company has also taken to the internet to help educate and inform not just its clientele but everyone else on the
many aspects of debt collection.
In this article, Brennan & Clark LLC wishes to share a few tips on improving the accounts receivables of a company through tried and tested methods.
Adherence to policies
Credit policies are established by certain departments of companies. These policies are often tailored to the clients they serve. The better the credit standing of company, the more flexible their terms of debt payment, and vice-versa. That’s the easy part. Brennan & Clark LLC believes that the key here is for companies to stick to their credit policies, and avoid straying from them (ex. letting deadlines slip by without penalties). Through adherence to policies, businesses will know that the company is worth doing business with.
Constant communication
Constant communication is always a significant factor between two companies who are engaged in a credit deal, Brennan & Clark LLC explains. Unfortunately, many businesses that have lent money to other businesses tend to forget this fact and just go straight to asking for payment on due dates.
Between due dates, businesses that are owed accounts receivables should send emails on reminders or updates on accounts, or even just to share information on business industries. This communication fosters goodwill, and improved accounts receivables stats.
A leader in the industry, Brennan & Clark LLC is a business collections agency based in Villa Park, Illinois, and was founded in 1980. Visit this page for more information about the company.
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In this article, Brennan & Clark LLC wishes to share a few tips on improving the accounts receivables of a company through tried and tested methods.
Adherence to policies
Credit policies are established by certain departments of companies. These policies are often tailored to the clients they serve. The better the credit standing of company, the more flexible their terms of debt payment, and vice-versa. That’s the easy part. Brennan & Clark LLC believes that the key here is for companies to stick to their credit policies, and avoid straying from them (ex. letting deadlines slip by without penalties). Through adherence to policies, businesses will know that the company is worth doing business with.
Constant communication
Constant communication is always a significant factor between two companies who are engaged in a credit deal, Brennan & Clark LLC explains. Unfortunately, many businesses that have lent money to other businesses tend to forget this fact and just go straight to asking for payment on due dates.
Between due dates, businesses that are owed accounts receivables should send emails on reminders or updates on accounts, or even just to share information on business industries. This communication fosters goodwill, and improved accounts receivables stats.
A leader in the industry, Brennan & Clark LLC is a business collections agency based in Villa Park, Illinois, and was founded in 1980. Visit this page for more information about the company.
