Though it’s been three years since states gained the ability to tax online sales, some are still toying with their economic nexus thresholds. The latest state to do so: Maine. As of now, remote sellers must collect sales tax if…
Credit and Collections
Your A/R team can masterfully issue invoices and process payments, but have they fully developed more interpersonal, soft skills? That’s where many A/R professionals are lacking, says DeAnna Leahy, the Corporate Credit Manager for Sunroc Corporation, in a conversation with…
For CFOs, there’s nothing worse than finding out too late that a customer is financially distressed and can’t pay their bills. That’s why it’s important for your team to constantly have a pulse on customer risk and exposure, says Ed…
With automation being a top priority for companies, you may want to do a pulse check on your A/R team’s modernization progress. The reason: Some A/R departments may think they’re in a better place with digitization than they are in…
Finally! The last state holding out on economic nexus regulations for remote sellers and marketplace facilitators has pulled the trigger. As we mentioned recently, Missouri was the only state with state-level sales tax that didn't yet have sales tax collection…
In a time of great uncertainty and lingering pandemic concerns, A/R must step up its game on assessing and reducing customer credit risk. That’s one of the biggest takeaways from the National Association of Credit Management (NACM)’s 2021 Credit Congress…
For CFOs, it’s vital to keep a pulse on the state of A/R and the challenges your team is facing – especially after the year they just had. The pandemic caused a renewed interest in A/R as a way to…
Even years after South Dakota v. Wayfair gave states the power to tax online sales, some states are still working on adding regulations. For a while, Florida, Kansas and Missouri were the only three states with state-level sales tax that…
A new federal appeals court ruling is good news for creditors trying to collect their money. And it centers on one of the key tools in your arsenal: collection letters. One creditor landed in hot water when a customer asserted…
Customer excuses have been spiking in recent months, especially for small- and mid-sized businesses. And you can thank the coronavirus pandemic for it. A recent survey from the UK uncovered that 59% of businesses say they’re running into more excuses…
No matter how efficient your A/R and A/P teams are, payment disputes will likely come up from time to time. As you know, these disputes can be time-consuming, labor-intensive and costly for your teams. What’s more, they can result in…
Business-to-consumer creditors, you’ll have to change up your process to collect money from customers, thanks to new debt collection rules. The final rules amending Regulation F, 12 CFR part 1006, passed late last year. And they’ve been touted as the…
