by Nancy Seiverd | Nov 7, 2024 | Poll
Take the Poll – If you were the newly hired Director of Global Credit, would you:Keep all the current credit staff?Change up the staff where necessary?Change all the staff with people you have previously worked with?Follow HR protocols for hiring/firing?Choose Newly...
by Nancy Seiverd | Aug 5, 2024 | Poll
Take the Poll – As a Credit Professional, which task takes up most of your weekly time?Reviewing credit applications and making credit decisionsCollecting past due accountsManaging staffImproving the credit & collection systemChoose When I first started out, I did...
by Nancy Seiverd | Jul 9, 2024 | Poll
Take the Poll – Has inflation impacted your credit protocols?No impact. It’s business as usual.We’ve adjusted credit limits only slightly. We’ve classified several more accounts as high risk.We’ve tightened credit across the board on all customers. Choose For the past...
by Nancy Seiverd | Jan 10, 2023 | Poll
Take the Poll - What was your biggest credit risk management regret in 2022?Letting myself get persuaded by Sales to grant credit against my better judgment. Didn’t follow up quickly on some past due accounts.Watched DSO get longer and longer.Never got around to...
by Nancy Seiverd | Nov 2, 2022 | Poll
Take the Poll - Should you send a long-term customer, who Is unfortunately now past due, a holiday gift?No, it would send the wrong messageNo, if we haven’t done so regularly in the past.Yes, it might keep our relationship on the positive side.Yes, especially if we...
by Nancy Seiverd | Oct 4, 2022 | Poll
As a credit professional, when was the last time you accompanied your sales professional on a client visit?Can’t rememberWithin the last yearWithin the last six monthsJust recentlyOnly when necessaryChoose There’s no rule that a credit and/or collection team member...
by Nancy Seiverd | Sep 8, 2022 | Poll
Your customer just declared Chapter 11 bankruptcy but still needs your product ASAP to keep their line going. Do you:ship out the product on creditship out the product paid in advancecease shipment until the bankruptcy details become clearevaluate what to do based...
