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Jennifer Stacey's Blog (2)

Reasons The Fashion Industry Fail with Internal Credit and Collection Efforts

Reasons Businesses Fail with Internal Collection Initiatives...



No formal policy

Staff lacks experience

Lack of manpower

Lack of Enforcement of Policy

The Customer is Always Right..."I Don't want to Lose Them as a Client" No Client tracking

Wrong methodology

Lack of credit reporting

Waiting too long to outsource problems

Lack of an outsourcing partner

When they don't know WHAT to do, they do NOTHING!



In a recent study performed… Continue

Added by Jennifer Stacey on April 23, 2009 at 3:47pm — No Comments

Must Read for Businesses Extending Credit To Businesses in The Fashion Industry

Must Read Guide for Creditors operating in today's Economy



As a credit grantor, you should be aware of some basic principals when extending credit to clients:



• Extending credit carries an unavoidable element of risk. You will experience cash flow loss through debt regardless how carefully you screen and babysit your potential and current client base. Unfortunately is a "Fact Of Life" for Financial Executives.



• There are fundamental policies that you MUST… Continue

Added by Jennifer Stacey on April 23, 2009 at 3:30pm — No Comments

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