News Items from UCC
How to Secure Your Accounts Receivable and Keep Your Customers
Category: UCC | Posted on 03/19/2007
It happens every day. Credit managers face a conundrum: how to protect your accounts receivable without alienating your customers. Whether dealing with commercial sales or protracted construction projects, the laws are specific about the steps required to ensure payment...but credit managers often fear sending the wrong message to their customers by taking those very steps. After all, won't a general contractor interpret a notice sent to the owner as an insinuation of a possible lack of pay? Won't a customer interpret the filing of a UCC as a comment upon their creditworthiness?