Canaccede

Dealing with Delinquent Receivables: Best Practices for Canadian Companies 

For Canadian businesses, managing delinquent receivables is a delicate balance between recovering outstanding payments and maintaining positive customer relationships. Unpaid invoices can have a significant impact on cash flow and overall financial health. In this blog, we will discuss effective communication strategies and debt collection techniques that will help Canadian companies handle delinquent accounts while …

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How Companies Turn Receivables into Cash Injection? 

CFG Insolvency Accelerator

In this blog post, we will explore the concept of selling receivables to debt buyer partners and discuss its importance in managing cash flow and reducing bad debt. Selling receivables involves transferring outstanding accounts to a debt buyer, providing immediate cash and saving time on debt collection. This approach is beneficial for both current and …

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5 Common Misconceptions About Debt-Selling  

Canaccede Financial Group – What We Do

Managing your receivables is an important part of business, just like other assets. It should be calculated and recorded properly, and it can sometimes be a difficult task to manage internally. Outsourcing the recovery or selling your non-performing accounts can offer some smart and timely alternatives. The process of selling your receivables can seem complicated, …

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How Interest Rate Hikes Affect Consumers, Companies, and Debt Collections 

Building a Flexible Operation Model

When the Federal Reserve increases interest rates, it has a ripple effect throughout the economy. Not only do businesses and consumers pay more for loans and other financial products, but debt collection also becomes increasingly important in managing risk. In this blog post, we’ll take a look at how interest rate hikes affect consumers and …

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Why is 2023 the Year to Look for A Receivables Management Partner? 

It’s no secret that a recession is on the horizon. Many experts are predicting that it will hit sometime in 2023. While this may be cause for concern for some businesses, it’s important to remember that not all recessions are created equally. Some are short and mild, while others can last for years and be …

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Is it a match? Top 5 criteria when looking for a debt sale partner

CFG Credit Counselling Services

If you are new to debt selling, looking for the right buyer can be tricky, but it doesn`t need to be.  When searching for a debt buyer, there is more to look at than just purchase price offers. Compliance, ample funding and proven experience can be key points to differentiate a promising long-lasting partnership from …

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Collections – Caring for your reputation should be everyone’s priority

When selling or assigning your receivables for collections, look for these best practices with a business partner to minimize reputational risks. When it comes to collecting your receivables it is important to remember that people who have fallen behind on their payments are still your customers. Regardless of whether you outsource collections or sell the …

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The Impacts of Recession on Debt Selling

If you have been keeping up to date with the recent economic news, this might not come as a surprise for you: Canada is already experiencing recession-like conditions. An increasing number of consumers are struggling with the cost of living and having a challenging time paying their bills, which is in turn, driving an increase …

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5 Compliance Management Tips for Debt Collection

Debt collection is a regulated industry with many laws and regulations governing how and when agencies can contact and interact with consumers. For industry organizations, complying with the rules and regulations protects reputational risk and avoids potential penalties and fines. Here are some tips to manage your organization’s compliance: Stay informed and up to date …

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