CMA Community » Forum: CreditAid from CMA

CMA Community » Forum: CreditAid from CMA - Recent Posts http://creditmanagementassociation.org/forums/forum/4 Sponsored by Credit Management Association en-US Sat, 04 Feb 2012 21:58:04 +0000 http://bbpress.org/?v=1.0.2 <![CDATA[Search]]> q http://creditmanagementassociation.org/forums/search.php Rita on "slowing Post Office performance & company cash flow" http://creditmanagementassociation.org/forums/topic/304#post-1209 Mon, 19 Dec 2011 20:42:58 +0000 Rita 1209@http://creditmanagementassociation.org/forums/ Yes this is a concern as the post office continues to look at reducing delivery times. As of now I am re-contacting clients re paying by ACH/EFT/Wires . I have used the check by fax in the past for those delinquent clients. . It appears more companies are moving their ap towards ACH trend and always inquire with new customers if they have the option. Rita . Robin Tool on "slowing Post Office performance & company cash flow" http://creditmanagementassociation.org/forums/topic/304#post-1202 Tue, 13 Dec 2011 00:00:16 +0000 Robin Tool 1202@http://creditmanagementassociation.org/forums/ My company accepts ACH and wire payments. All banks do charge a fee. Depending if they are set up to do ACH or wire payments. If they aren't set up with their bank, then the fee is a bit more. Several of my customers have changed over to paying by ACH instead of mailing checks just in the last 4 months. The ones that I have spoken to would pay the fee and get the money to us right away than having to cut the check and mail it. It has been taking twice the time by snail mail to get the checks.....sometimes up to 2 weeks from California to Washington. We will offer the customers who pay really late, to pay by ACH -- half the time they are willing to pay so that they aren't switched to COD terms. In the last few months, I have noticed that our numbers aren't as bad since accepting ACH payments. It saves time and money in the long run. F Scott Wilson on "slowing Post Office performance & company cash flow" http://creditmanagementassociation.org/forums/topic/304#post-1201 Mon, 12 Dec 2011 18:11:58 +0000 F Scott Wilson 1201@http://creditmanagementassociation.org/forums/ My company uses Check by Fax, or CHAX, for a large number of our payments. Essentially, the customer signs an authorization form that allows us to use a fax copy of their check as an electronic item, faxes over the authorization and the signed check, and files their original. We create a check with MICR ink, run it through a horseshoe reader on site, and we're pretty much done. On the last two or three days of the month, we get fairly substantial payments via CHAX, pushing our numbers up for EOM, so we're already used to cutting down on mail delays. I think the software company that manufactures Check by Fax is Office Pro Gordon Lundene on "slowing Post Office performance & company cash flow" http://creditmanagementassociation.org/forums/topic/304#post-1195 Thu, 08 Dec 2011 17:41:07 +0000 Gordon Lundene 1195@http://creditmanagementassociation.org/forums/ 1. Which software publishers provide ways of sending large volumes of invoices other than through the US Mail? 2. Are there changes in Electronic Funds Transfer that make it more attractive for smaller companies to use than the US Mail? Michael Dennis on "Revolving LC" http://creditmanagementassociation.org/forums/topic/169#post-994 Fri, 22 Apr 2011 20:39:47 +0000 Michael Dennis 994@http://creditmanagementassociation.org/forums/ I agree with Scott. I have never seen a Letter of Credit with NO expiration date. Michael Dennis Michael Dennis on "Paid Placement Services" http://creditmanagementassociation.org/forums/topic/174#post-992 Fri, 22 Apr 2011 20:36:14 +0000 Michael Dennis 992@http://creditmanagementassociation.org/forums/ I have never used and would never use a paid placement service.... or at least one that would not guarantee me a full refund of the fee paid if I did not receive an offer or did not accept a position that they identified for me. By the way, I am under no illusion that any of these companies would ever offer me a refund. Michael Dennis DMarc CBA on "Paid Placement Services" http://creditmanagementassociation.org/forums/topic/174#post-841 Wed, 29 Sep 2010 21:07:50 +0000 DMarc CBA 841@http://creditmanagementassociation.org/forums/ Robert Half & Associates - I'm not sure if they use 3rd parties or what, but I have been contacted periodically by their headhunters. In Northern CA contacted by Alijon (916) 923-5555 they may be able to tell you if there is a specific unit in Southern CA Dina Amadril on "Paid Placement Services" http://creditmanagementassociation.org/forums/topic/174#post-835 Mon, 27 Sep 2010 20:23:49 +0000 Dina Amadril 835@http://creditmanagementassociation.org/forums/ You may want to try NACM - here is the link <a href="http://career.nacm.org/" rel="nofollow">http://career.nacm.org/</a> F Scott Wilson on "Paid Placement Services" http://creditmanagementassociation.org/forums/topic/174#post-834 Mon, 27 Sep 2010 19:57:53 +0000 F Scott Wilson 834@http://creditmanagementassociation.org/forums/ I've never come across a paid placement service for anything above fairly low-level stuff, and not in the past few years. Between 2003 and 2008, I was laid off *three* times due to the economy, and was exploring all avenues. This was one source that I couldn't find any information on, and I was definitely ready to use *any* avenue that was a possibility. icollect on "Paid Placement Services" http://creditmanagementassociation.org/forums/topic/174#post-831 Sat, 25 Sep 2010 19:59:43 +0000 icollect 831@http://creditmanagementassociation.org/forums/ Does anyone have a "paid" placement service they can recommend for the credit & Collection arena? I have posted for Credit Jobs Today however have not had any luck in my area (Southern California, specifically San Diego and Orange Counties). I have been in the "Credit world" since 1982, have my CCE and have excellent experience and skill set, yet finding a position seems next to impossible in this economic climate. I've never used a "paid" placement service. A few of the recruiters I've worked with seem somewhat lacking in the follow up department. Granted those have not been a paid placement situation however if I'm going to go down that road, I would greatly appreciate some feedback from anyone who could make a recommendation. Thanks much to the community! F Scott Wilson on "Revolving LC" http://creditmanagementassociation.org/forums/topic/169#post-817 Thu, 16 Sep 2010 20:56:37 +0000 F Scott Wilson 817@http://creditmanagementassociation.org/forums/ That would depend upon the terms contained within the LC. Depending on the country you are selling to and other conditions of sale, you might have it open for six months or a year, then renegotiate, or have it running in perpetuity. The important thing is that, if the revolving LC has a date of expiry, that no sales be made or in transit at the time the LC expires unless there is an agreement already in place to extend it. Hafiz-ur-Rahman on "Revolving LC" http://creditmanagementassociation.org/forums/topic/169#post-816 Wed, 15 Sep 2010 05:16:19 +0000 Hafiz-ur-Rahman 816@http://creditmanagementassociation.org/forums/ Is there any limitation of time period for expiry of Revolving LC or it remains valid till on opener's wish Julie on "CMA members that do not respond to RFIs" http://creditmanagementassociation.org/forums/topic/115/page/2#post-591 Thu, 06 May 2010 22:29:37 +0000 Julie 591@http://creditmanagementassociation.org/forums/ Dina Amadril - another thought is in My Account it ould be nice to pull a report by ABC on all of the RFI's you have responded to as well as pull a report just for your RFI's that you have requested. It is very cumbersome the way that it is right not. Julie on "CMA members that do not respond to RFIs" http://creditmanagementassociation.org/forums/topic/115/page/2#post-590 Thu, 06 May 2010 22:27:29 +0000 Julie 590@http://creditmanagementassociation.org/forums/ DMarc - We use one even better we state that all of our accounts are cleared on our on line credit group and that if they would like to audit the monthly meeting to call me and I will get them invited. CMA is real good at allowing one visit before purchasing a membership. If they are a member of another NACM affiliate than it is a minimal cost to get on the web. DMarc CBA on "CMA members that do not respond to RFIs" http://creditmanagementassociation.org/forums/topic/115/page/2#post-584 Thu, 06 May 2010 19:04:19 +0000 DMarc CBA 584@http://creditmanagementassociation.org/forums/ Dina, Perhaps as you ask the demographic questions, one of the options could be whether they want to participate in RFI's, if they chose no then they wouldn't be able to request info. Unfortunately more & more in the credit community both inside and outside CMA find reasons not to share info. The primary ones seem to be: 1. I'm too busy 2. The attorney said I shouldn't (fear) 3. Sales/management don't want competition (fear) 4. I pay to get info, why should I give it to you free (I forgot what it feels like) As long as these attitudes are allowed to prevail, you will have some takers and more people become unwilling to share info. I started compiling a list of companies that won't share info and when they request info from me I write "I'm sorry we are not willing to share information with companies who will not reciprocate"