by Nancy Seiverd | Oct 4, 2022 | Uncategorized
It was a long and hot summer in my neck of the woods, which fortunately was periodically interrupted by the occasional downpour and cloudy day. But now that it’s October, it won’t be long before we’re donning our winter coats, and for my generation, our galoshes....
by Nancy Seiverd | Sep 8, 2022 | Uncategorized
From time to time our agency is requested to be the “back-up servicer” on asset-based loans that have become past due. The term, “back-up servicer,” is a nice way of saying “third party collection platform.” We are also at times the collection platform for...
by Nancy Seiverd | Aug 9, 2022 | Uncategorized
With the global economy experiencing some very unusual developments, I would like to put on my basic economics hat and convey to you what I think is happening in the global economy and how to use simple foreign exchange risk strategies. But first, let me mention a...
by Nancy Seiverd | Aug 9, 2022 | Uncategorized
Do you let work dominate your life?Very littleSomewhatOftenGreatlyChoose Letting work dominate your life means having less time and energy for the people who matter to you. Whether it’s your partner, children, family or friends, they will be getting less time (and...
by Nancy Seiverd | Jul 12, 2022 | Uncategorized
Hardly a day passes where we don’t receive a claim against a company with a very confusing network of subsidiaries, sister companies, or affiliates. Although the claim might be against a sister company, sometimes trying to figure which entity will ultimately be...
by Nancy Seiverd | Jul 12, 2022 | Uncategorized
What do you do to keep yourself from getting distracted at work?Listen to musicTurn off all musicLet calls go to voice mailMake a daily to-do listChoose Whether the distractions you experience at work occur because of someone else in the office or because you could...
by Nancy Seiverd | Jun 6, 2022 | Uncategorized
Father’s Day is coming up on the 19th and for many families, it’s a time to appreciate one’s father. Throughout the centuries, I suppose we could boil down a father’s role in the family as the protector and to “bring home the bacon.” Chances are pretty...
by Nancy Seiverd | Jun 6, 2022 | Uncategorized
Over the many years I’ve been in business, a regular reading and studying of the basic economic indicators has helped to me see the rhythm of how our economy works. As a credit professional, allow me to share with you my general understanding of the top three indices...
by Nancy Seiverd | Jun 6, 2022 | Uncategorized
Have rising gas prices directly affected your business?not at allslightlyconsiderablyvery much soChoose Small businesses have struggled over the past two years of the pandemic, facing shutdowns and closures, dealing with supply chain issues and a shortage in labor....
by Nancy Seiverd | May 3, 2022 | Uncategorized
Every day there seems to be another revelation regarding the global economy. Although the Covid pandemic seems to have come under a reasonable level of control in the US and Europe, China has continued to implement severe anti-virus spread restrictions in some of its...
by Nancy Seiverd | May 3, 2022 | Uncategorized
Take the Poll - The invoice is now two months past due and your customer tells you for the first time that there was a problem with the product which is holding up payment. Do you consider this answer to behonestevasiveaggressive deceptiveChoose In the above scenario,...
by Nancy Seiverd | Apr 11, 2022 | Uncategorized
In these unpredictable times, regretfully there are going to be instances where the scruples of some customers, for whatever reasons, may begin to fall short. Consequently, we need to be vigilant about the validity of financial statements submitted to support...
by Nancy Seiverd | Apr 11, 2022 | Uncategorized
Take the poll — How often have you had to pursue a personal guarantee to pay an outstanding commercial A/R? Don’t recall ever needing to do this. Once or twice.A few times.Several times.Choose Personal guarantees will often make the difference in collecting a...
by Nancy Seiverd | Mar 8, 2022 | Uncategorized
Every business in every industry is ultimately susceptible to a disruption, stagnation, and becoming obsolete. As technology progresses or sudden events occur, many new opportunities will arise, while leaving many people behind who cannot change with the times. For...
by Nancy Seiverd | Mar 8, 2022 | Uncategorized
Do you deposit post-dated checks earlier than the check date?No, we wait until the date. On occasion with permissionSometimes if we think the customer/debtor might be in serious trouble.Yes, we do it as a matter of our normal operation. Choose Sometimes creditors will...
by Nancy Seiverd | Feb 7, 2022 | Uncategorized
We often hear and read about ways to improve a company’s culture, but we often don’t realize the things that may be going on which are negatively impacting a company’s culture. Following below is my list (not totally comprehensive) of what I believe can nibble at...
by Nancy Seiverd | Feb 7, 2022 | Uncategorized
Has the Great Resignation Affected Your Workplace?Not at all.A few employees have resigned but it’s not noticeable.Several employees are gone and we’re hiring some replacements.We are definitely very shorthanded and need as many new staff members as possible.Choose...
by Nancy Seiverd | Jan 4, 2022 | Uncategorized
What’s your credit and collection goal for 2022?Collect more dollars with less resources.Improve on existing credit controls or implement new ones.Keep customers and sales reps happy. Minimize the risk of selling on creditGoing to just keep things on an...
by Nancy Seiverd | Nov 9, 2021 | Uncategorized
Are you still sending invoices out by snail mail?Yes, and we don’t see any change coming to electronic invoices.Yes, but perhaps we should be changing this over to e-invoices.Yes & No, as we have customers who still want the hard copy.No, all of our customers...
by Nancy Seiverd | Oct 4, 2021 | Uncategorized
Have you ever been called about a Zombie Debt?No, and I’ve never heard of such a thingOnce and it was many years agoOn occasion I’ll get a callYes, and sad to say, I’m often getting contacted for theseChoose You may be asking, what on earth is a Zombie debt? Like the...
