Mike McDermott, President of Trade Confidence, a full service accounts receivable consultancy firm, and Philip J. Eboli, VP of NCS Companies, a debt collection agency, are two industry leaders with 20+ years of experience in accounts receivable. They recently sat down to discuss how businesses can protect themselves with a robust commercial credit application that asks the right questions and includes the right terms and conditions.

There is a very important reason why one of our core values is “Integrity Above All Else”. As a business, our integrity comes from the work we do every day for our customers. That work is done by our employees who are passionate about providing top-quality ARM services to businesses around the world. This is why we decided to do employee spotlights, to share a rare view into the employees who define the values of our business.

For this month’s blog, we’d like to discuss the International Association of Commercial Collectors, and why we’re so proud to be a part of this illustrious organization. In keeping with NCS’s mission and values, we stand with the IACC to lead and support the collections industry. What does that really mean in practical terms though? More importantly, what does that mean for you?

As you run your business, it’s completely normal to deal with a few stale accounts. Life happens and sometimes your invoices (and invoice reminders) fall through the cracks! While you’ll never completely prevent it, there is plenty that you can do to mitigate it. NCS has been conducting Accounts Receivable Management for our clients since 1992. In that time, we’ve seen and dealt with just about every situation you can possibly imagine.

It’s obvious that the world has changed a great deal in the last few years. Even cliches that we all took for granted like the drudgery of a morning commute are no longer a guarantee. It is a given that laws regarding Accounts Receivable will change over time, and staying on top of changes in that space is paramount.

Springtime is finally (finally!) upon us. Like the flowers and trees around us, it’s a time for everyone to shake off the winter doldrums and embrace growth and renewal. For many of us, that means getting our old Accounts Receivables cleared out. This presents an obvious problem though, how do we even get started? After all, whatever your business’s mission is, it was founded to do that mission.

It’s February, a time for cold weather and warm feelings. A time for heart-shaped boxes, candle-lit dinners, and excel spreadsheets. In short, Valentine’s Day is here! Unfortunately, it’s not all about love this season, and we all know that there’s nothing worse than being stuck in a relationship with an Accounts Receivable Management (ARM) Firm that just doesn’t fulfill your needs.

In the world of Accounts Receivable Management you hear many stories. Too many that if you do not live them they could seem like a wild Hollywood movie; set in a cold boardroom, with glass walls, and too many people in dark suits.The reality in today’s market and economic forecast is much more different.

We are knee-deep in the holidays and planning for 2024. So that means in between your dozens of Excel spreadsheets you relax in front of a holiday movie, with your drink of choice. Maybe a hot chocolate with marshmallows, or a cold beer. Whether the holiday movie is a classic or cheesy Hallmark, there is always a storyline of a ghost from your past coming to haunt you.