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Especially when fuel prices
spike, credit and collections becomes an
even bigger issue than normal.
Working
capital gets stressed, customers tend to slow down and your exposure
from sheer higher dollars increase.
How many loads does it take for you to
recoup just one bad debt?
You and your team may need affordable help right away.
That‘s why Meridian started
Custom Credit Solutions!
This service, proven to get your cash flowing,
includes:
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Review of your credit policy (if you have one – if not,
we write one for you!)
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A
one on one conference call with you and /or your team to
find out:
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what’s working
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what’s not
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your unique credit and collection
challenges
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Custom solutions that work!!
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What can you expect
to gain?
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How about fewer
bad debts!
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Your receivables to shrink by 5% to 25% or more!
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Less chaos
in credit (particularly with sales)
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Reduced
overhead
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Happier people, including
you!
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We would love to give you some testimonials but
because of confidentiality we can’t do that, so here are a few case
studies:
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Case Study #1
Problem
– past due accounts, bad debt losses and
general chaos in credit department
communications.
Background – Long term
credit manager who worked for two
generations of owners and kept
everything in his head.
No formal
credit policy or procedures.
Solution
– Meridian diplomatically
worked with the credit manager and
owners to develop a step-by-step policy
manual including specific guidelines,
responsibilities, functions,
expectations, duties and
accountabilities.
Result
– Intercompany friction relieved,
procedures for credit department
management succession in place, shorter
collections time, and proactive account
management that is already reducing bad
debts.
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Order your Custom
Credit Solutions now at only $1,495 and you’ll
also receive our Total Credit Success
webinar series (a $695.00 value) as a permanent training tool,
absolutely free!
Think of what just one saved account could
be worth to you!
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Case Study #2
Problem
– Credit system working great except
with dealer accounts
Background – Company
had operated for years without dollar
credit limits, relying on Net 15 day
terms.
With fuel
price increase, company became cash
stretched even though on-time payments
still being made. Meridian analyzed the
dealer receivables for fuel load turns
discovering most dealers selling a full
load in less than 15 days.
A few were
turning loads in only 2 days.
So, the
marketer was effectively giving those
dealers 13-day interest-free loans!
This also
meant that some dealers had 7 loads
before they paid!
Big risk!
Solution
– Shift the entire credit process from
Days to Loads, but maintaining the 15
day maximum terms.
Result – The marketer
is sleeping better!
His bank
line is less, interest less, and credit
exposure reduced.
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When it comes to credit
procedures, sometimes you know what you need to do, but just need a
little accountability - like owners who shouldn’t make final credit
decisions! Other times, you need a whole rework of the system with new processes.
No matter where you are in this spectrum,
Meridian’s credit experts will get you to your next step quickly.
As soon as you order your
Custom Credit Solutions, we’ll call you (or the person you designate)
and run through a quick series of questions about your current credit
and collections successes, challenges
and situation.
From there, we’ll have you email a few
documents to get us started.
Then, through this exchange of information, us
asking you the right questions, we will expose areas that you didn’t
even know needed to be fixed.
In less than 10 business days, you’ll get
practical,
custom solutions
and be on your way
to faster cash!
Have questions about the
service and how it could help you?
Call us at 800-728-9005.
© 2011 Meridian Associates 800-728-9005 |