Credit Applications, Terms of Sale & Credit Insurance

The National Underground Utilities Supply Credit Group

On September 13, 2018, Larry spoke to the National Underground Utilities Supply Credit Group, in connection with the National Association of Credit Management (NACM), and covered several topics related to the ins and outs of accounts receivable. He discussed some of the most common protections as well as some alternative devices for securing payment, focusing on promptness and avoidance of losses due to collection issues, and then looked at agreement terms and conditions, reviewing the most important and desirable terms. On the subject of insurance, Larry went over the benefits of accounts receivable insurance, as well as its drawbacks and limitations.