Five Questions to Ask a Credit, Collections or Finance Company

Tracey Richardson-Newton

From growing sales and reducing costs to minimizing risk — chances are you have specific goals you want to achieve for your business. And, you probably already work with one or more companies that offer financial, collections or credit services.

With the economy growing, this is a good time to examine which companies best support your long and short-term business goals. To help you select the company best suited to support your goals and help you leverage the growing economy, this article explains the differences between these various financial services companies:

Billing companies
Collection agencies
Factoring companies
Banks
Professional credit services

About the Author

Tracey serves as Vice President of Credit Risk Management and Customer Operations, responsible for complete oversight of the credit risk management function as well as credit and collection operations.
More Content by Tracey Richardson-Newton

Previous Flipbook

Case Study: Springdale Winnelson

Read how Springdale Winnelson, part of the Win group, is now debt-free and increasing inventory, after part...

Next Flipbook

Case Study: New Home Building Stores

BlueTarp provides stability and growth for New Home Building Stores by providing predictable cash flow maki...

Return to Home

Five Questions to Ask a Credit, Collections or Finance Company

About the Author

Previous Flipbook

Next Flipbook

Other content in this Stream

Tariffs exacerbate the impact of delinquencies, suppliers that are taking steps to combat losses can face the future with confidence. Learn three ways to prepare for future changes.

Most dealers precisely know their gross margins but may still be surprised to find that some customers are costing them money rather than being profitable. What can you do to increase

Carefully examine what you are getting in return by offering a 1% or 2% early-pay discount. You could be spending that money in a way that is much more impactful.

Typical dealers of windows and doors need a $1.5 million line of credit (LOC) for every $10 million in business. Finding a bank is hard on its own, but where do you turn to if they turn you down?

There are three alternatives pathways to get the cash flow you need. Learn about other available sources, how to take carefully select your path by closely examine the net carrying costs of the debt.

Cash Flow Management Can Kill A Business…or Make It Thrive.

How to Build the Cash Reserves You Need to Guard Against the Next Downturn

Credit managers who work with BlueTarp are supported with cutting-edge web tools and professional staff. They have easy access to information, expertise and technology, making their jobs easier.

After switching to BlueTarp from a previous credit provider, Northern Tool's credit approvals doubled, sales increased, staff had more time for sales, and customer satisfaction and loyalty improved.

By partnering with BlueTarp, Ben's Contractor Center is confident to pass the company along to the next generation. They will have predictable cash flow and can focus on growth rather than A/R.

Learn tips on how to make integrated sales and credit decisions. Knowing the true cost of goods along with the true cost of credit will help you give price breaks and still make positive gross margin.

Jim Moody, President of CSA, discusses partnering with BlueTarp to increase your cash flow and protect yourself from credit risk.

Learn steps you can take with your credit program to turn a potential weakness into a competitive advantage that protects and bolsters your bottom line.