Wikipages

In this overview you will find all our wikipages
Illustration of a jar with money
What is credit management?
On this wiki page we will inform about the concept of credit management. What is the difference between debtor management and credit management? And why is it smart to outsource your credit management?
What is the legal payment term of an invoice?
There are various rules regarding payment terms. As a company, it is important to know which rules apply to which situation. In this wiki we will give you a solid basis for optimal accounts receivable management.
When are you allowed to charge statutory interest?
In the case of non-payment or late payment of invoices by debtors, there is the possibility of charging statutory interest. There is a distinction in the amount of statutory interest between companies/government agencies and consumers. Efficient debtor management aims to prevent debtor default and is an essential part of business operations for cash flow purposes.
What is factoring?
On this wiki page we will inform about the concept of factoring. What is traditional factoring? What are the advantages and disadvantages? And what is the difference with modern factoring?
Charging interest over overdue invoices: how to implement?
On this wiki page we tell you about interest rates, when it's appropriate to charge interest on overdue invoices and how interest is calculated.
How to reduce your DSO?
On this wiki page we will give you tips and tricks to help you reduce your Days Sales Outstanding.
Illustration of the book: how to win friends and influence people by Dale Carnegie
How to win friends and influence people: debtors edition
In this wiki we have taken a look at the world-famous book How to win friends and influence people by Dale Carnegie and how its advice can be leveraged by finance teams to achieve amazing results with their credit management.
How to write an invoice letter?
On this wiki page we will inform about how to write an invoice letter in order to get paid faster and maintain your cash flow. Get tips on how to do it!
Illustration of a pen and paper
How to write an overdue invoice letter
On this wiki page we will give you tips on how to write an overdue invoice letter. When do you send a late payment reminder letter? What communication means works best? And how to write one?
Order to cash
In this wiki we will explain what order to cash (O2C or OTC) is, how you can optimise your order to cash process and what software you can use.