Tag: accounts receivable

Top Eight Signs Your Client May Be In Financial Difficulty

This post is written to help those looking in from the outside (bankers, lawyers, accountants, insurance agents etc.) spot when a client of yours may be experiencing financial difficulty and might need the help of insolvency professionals like us. ?Assessing whether your client is experiencing financial distress does not require access to detailed financial information,…

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Chicken Little Beware!

Ever since Trump’s unexpected victory at the polls, trade has been a hot topic here in Canada. With good reason: President-Elect Trump has spoken of renegotiating NAFTA, the trade deal governing Canada’s relationship with its biggest export market the USA. On occasion, he’s even vowed to pull the U.S. out of the agreement entirely. In…

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Delinquency Rates – Runaway Train

Although increasing debt levels may be slowing in the areas most impacted by the oil-slump (our backyard) it is clear that a substantial increase in delinquency rates in this same region is a cause for concern. Based on the global economic macro-view one can expect this trend to continue for some time to come making it…

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China doesn’t affect me. Are you sure?

Earlier this month we highlighted the marked increase in past due receivables being held by companies in the Eurozone and now this past week Reuters reports that as China’s economy continues to cool, companies are waiting longer and finding it harder to get paid for goods and services they’ve already sold, leading to record amounts…

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Storm Clouds Gather Around Canadian Consumer Credit

We encourage all of our clients to maintain a high degree of awareness and alertness as to the aging of their own current accounts receivable. Those businesses taking a more passive position with slow paying customers in an effort to support their current sales volumes will eventually pay the price and experience the greatest amount…

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June/July 2011- Your Enemy; Complacency

Your Enemy; Complacency We were honored last month to have been provided with the opportunity to conduct a presentation at the Credit Union Lenders Association AGM. The purpose of our presentation was to provide the attendees (commercial lenders) with some insight as to how they can better assist their small business commercial clients in the…

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Oct/Nov 2009- Are You a Lender of Last Resort?

Are You a Lender of Last Resort? Neglecting your accounts receivable will inevitably prove to be a very expensive management mistake. Following are the most common reasons why a company experiences a growing list of receivables: Credit terms are too liberal An invoicing system that is too slow Ineffective collection strategy Money that is tied…

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Feb/Mar 2009 – Win in this Economy?

Win in this Economy? If you are like many of our clients and prospects, you have started experiencing a higher percentage of customers not paying you on time over the past quarter. You are not alone. It’s all part and parcel of the changes we are experiencing in this period of the macro-economic cycle. Blame…

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June/July 2008 – Pulling the Trigger

Pulling The Trigger In a perfect world, banks would bend over backwards to finance a new business, suppliers would stay on schedule, and customers would pay on time. Since this isn't a perfect world businesses must be prepared to fend off those customers destined to pilfer from both their day to day cash flow and…

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Apr/May 2008 – The Value of Your Aging Accounts Receivable

The Value of Your Aging Accounts Receivable From point of sale, through to our client's internal mechanisms that prompt the outsourcing of a customer account, timeliness and punctual decision making proves critical to collection success as illustrated in the following graph: Source: Commercial Law League of America It has been our experience that those organizations…

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