Net 30 Blog

Archive for the ‘Collections’ Category

Easy Steps to a Financially Healthy & Profitable Customer Base [Webinar Replay]

In case you missed the live webinar with Rilus Graham, Senior Vice President at Ewing Irrigation, here is a replay of the presentation. The webinar will detail how Ewing Irrigation utilizes a service from Cortera called Pulse. It is the most innovative and economical way to monitor your existing customers and research new prospects for [...]

Read more »

Stop deadbeats with Cortera Pulse

Check out this new video from Cortera. Watch this video and in 90 seconds you’ll have a cool new way to keep track of your customers and stop deadbeats in their tracks.  

Read more »

Segment and Assign Sales & Collections Strategies (Part II – Practical Credit & Collections Tips)

Once your portfolio has been scored, the next step is to implement sales targeting, credit line, and collections strategies based on the combination of risk analysis and your own accounts receivable balance. Lower risk or underutilized credit line accounts should be reviewed with sales for potential up-sell opportunities. Higher risk accounts should be queued for [...]

Read more »

5 Steps to Take if You Don’t Get Paid as a Freelancer

So you landed the big client, performed your job to perfection and invoiced them for your work. The clock starts ticking. Three weeks go by and you ask your customer about your payment. “Let me check with AP.” A few more weeks go by as you work with other clients and still nothing yet. Another [...]

Read more »

5 Tips to Ensure You Get Paid as a Freelancer

As a freelancer or independent consultant the last thing you think about is getting paid. It’s usually all about selling your skill set and experience to a potential client. The assumption is that your new, often much larger, client is capable of paying your invoices in a timely manner. While this might be true, there [...]

Read more »

Freelancers Unite to Get Paid

Over the last couple of weeks there have been a number of media outlets from the Wall Street Journal to Bloomberg BusinessWeek to Clark Howard at CNN all covering the same topic: Freelancers struggling to get paid. Clark Howard’s blog post yesterday hit the point home: “I think there should be a website where independent [...]

Read more »

Expose Your Deadbeats Publicly – They Might Just Pay You

When we launched the Cortera Credit Exchange our primary goal (it still is) was to drastically augment the amount of information available on private companies by expanding the information sharing between credit grantors of all forms. I’m happy to report that we are seeing that exact behavior every day. Another intriguing trend is one that [...]

Read more »

Terrible Advice from a “Small Business Expert”

Earlier I blogged about a story by George Cloutier in BusinessWeek’s The Turnaround Ace blog. Now that I’ve had some time to fully digest it, I have to say his advice is not only bad, but it’s also flat out wrong. Worse, it’s downright dangerous. It’s exactly the kind of counsel that can cause confusion [...]

Read more »

Intentionally Delinquent Payments: Sound Advice for Small Businesses or Bad Ethics?

An article in BusinessWeek’s Turnaround Ace blog entitled “To Improve Cash Flow, Stall Payments to Vendors” is causing quite the reader negative reaction. The gist of the article: You should pay your vendors as slow as possible to help manage cash flow (in good time and bad). For the profiled company in the article they [...]

Read more »

Another round of deadbeats looming?

The good news: The vast majority of your customers and partners are paying their bills on time. The bad news: The delinquent minority is only getting worse. Having access to the A/R activities of millions of businesses provides us with a unique view into the nation’s cash flow. And since the beginning of the year, [...]

Read more »