Accounts receivable show how much of your cash flow is delayed owing to past-due client bills. Here’s how you can deal with it. Receivables tell you how much of your cash flow is being held up by unpaid client invoices. Accounts payable refers to the money you owe to your service providers, whereas accounts receivable refers to the money you...
An economic crisis occurs when a country’s economy suffers a major decline. We also refer to it as a genuine economic downturn. A financial crisis is almost always the catalyst for an economic downturn. Typically, GDP declines during a crisis, liquidity dries up, and property and stock market prices collapse. It’s a downward economic spiral that’s just getting worse. Sri...
Introduction Every day, we come across a number of business transactions. People are spending millions to buy a company. If one does not have a lot of experience with business transactions, one can question how business people trusted firms with their money invested. Investing such large sums is unquestionably not a quick task. Investors and companies conduct extensive research before...
On Wednesday, the confrontation between Russia and Ukraine reached its twenty-eighth day, with the former continuing its strikes on populous Ukrainian cities with a large convoy of Russian tanks and other vehicles, the procedure has sparked a financial backlash that can be witnessed all around the world, not only in Russia’s President Vladimir Putin’s situation. According to numerous news reports,...
Introduction What are Debt Recovery Tribunals (DRTs) and how do they work? Debt Recovery Tribunals were created to make it easier for banks and other financial organisations to collect debts from their clients. This might not be useful for various debt collection agency. After the passage of the Recovery of Debts Due to Banks and Financial Institutions Act (RDBBFI) in...
Introduction The lifeblood of any firm is cash flow. The repercussions of interrupting the supply are immediate and severe. A strong B2B procedure can assist a business to maintain healthy working capital and cash flow at all times. Let’s take a quick look at Accounts Receivable Management before we get into the B2B debt collection procedure. Management of Accounts Receivable...
Introduction Collecting debts from domestic customers is difficult enough, but trying to collect a debt from an international customer is considerably more difficult. The process of obtaining overdue funds from a foreign client relative to products or services delivered is known as international debt collection. The overseas debt collection process is governed by your debtor’s domestic laws. In foreign debt...
Overview: Borrowing money to make critical purchases might help you realise your aspirations, but if debt payments become too much for you to handle, the scenario can quickly turn into a nightmare. A debt management plan established and implemented with the assistance of a consumer credit counselor is one way out of this difficult situation. What Exactly Is a Debt...
OVERVIEW It’s a sobering reality. Even the most stable and reliable corporations might go bankrupt, putting your small business at risk. The current economy has necessitated some fundamental changes in how businesses interact with one another. Small firms, for example, are performing more rigorous credit checks on organisations with whom they are considering doing business. Company information reports provide a...
Overview All businesses strive to maximise profits while minimising financial and credit risks that could jeopardise their hard-won advantages. To accomplish so, they’ll require solid and reliable business data to guide their decision-making processes and assist them to manage credit risk by only doing business with solvent, trustworthy, and creditworthy partners. To manage and reduce credit risk exposure, businesses must...