Fashion Blogs

accounting (4)

Reasons The Fashion Industry Fail with Internal Credit and Collection Efforts

Posted by Jennifer Stacey on April 23, 2009 at 3:47pm
Reasons Businesses Fail with Internal Collection Initiatives...No formal policyStaff lacks experienceLack of manpowerLack of Enforcement of PolicyThe Customer is Always Right..."I Don't want to Lose Them as a Client" No Client trackingWrong methodologyLack of credit reportingWaiting too long to outsource problemsLack of an outsourcing partnerWhen they don't know WHAT to do, they do NOTHING!In a recent study performed by Flagmen Research Center the primary concern of CEO's is that of their curren
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Must Read for Businesses Extending Credit To Businesses in The Fashion Industry

Posted by Jennifer Stacey on April 23, 2009 at 3:30pm
Must Read Guide for Creditors operating in today's EconomyAs 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 create, implement and consistently enforce
Read more…

Reasons The Fashion Industry Fail with Internal Credit and Collection Efforts

Posted by Jennifer Stacey on April 23, 2009 at 3:47pm
Reasons Businesses Fail with Internal Collection Initiatives...No formal policyStaff lacks experienceLack of manpowerLack of Enforcement of PolicyThe Customer is Always Right..."I Don't want to Lose Them as a Client" No Client trackingWrong methodologyLack of credit reportingWaiting too long to outsource problemsLack of an outsourcing partnerWhen they don't know WHAT to do, they do NOTHING!In a recent study performed by Flagmen Research Center the primary concern of CEO's is that of their curren
Read more…

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

Posted by Jennifer Stacey on April 23, 2009 at 3:30pm
Must Read Guide for Creditors operating in today's EconomyAs 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 create, implement and consistently enforce
Read more…

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