February 27, 2023Late Payments
As a business owner, it is important to establish good relationships with your wholesale customers. However, disputes may arise, and negotiating payment plans can be a difficult task. In this article, we will explore some strategies for navigating disputes and negotiating payment plans with wholesale customers. 1: Communication is Key The first step in navigating …
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February 8, 2023Accounting
Building strong relationships with wholesale customers is crucial for the success of any business. One effective way to achieve this is through effective trade credit management. Trade credit refers to the extension of payment terms by a supplier to its customer, allowing the customer to pay for goods or services after they have been received. …
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February 1, 2023Credit Applications
Automation in trade credit management is crucial for wholesale businesses to streamline their financial operations and reduce the risk of financial loss. In this article, we will discuss the importance of automation in trade credit management, the benefits it offers to wholesale businesses, and the steps that can be taken to implement automation in trade …
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January 30, 2023Uncategorized
Trade credit management is a critical aspect of any wholesale business as it can have a significant impact on the company’s bottom line. Many wholesalers make mistakes when it comes to managing trade credit, which can lead to financial losses and damage to the company’s reputation. In this article, we will discuss five common mistakes …
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