zlien blog

Tag: Credit Policy

  • Credit: Important Parts Of A Credit Policy

    Here at zlien , we help organizations in the construction industry manage credit that has been extended on projects. We help by encouraging the preservation of rights on real property, primarily by the filing of a mechanics lien. A good credit policy encompasses so much more than just filing notices and liens. Many companies avoid the implementation…

  • Credit Department Overview

    Many posts lately have examined credit policy, starting with the fact that a business should generally have a credit policy rather than solely relying haphazard case-by-case decisions. Who should develop that credit policy, though; and, who should be in charge of the credit decisions, credit policy compliance, and collection determinations? Generally, the answer to that question is…

  • Security Agreements: How to Draft One That Works

    We’ve recently posted a few articles about security interests, and how they can be used work to mitigate or eliminate a business’s credit risk. I posted a brief general overview of security interests last week, and Seth followed up with a post describing UCC liens and how they create security interests for parties in circumstances…

  • What Is a Credit Policy – And How Do I Make a Good One?

    The credit policy is a critical document for any business, but especially one in the credit-heavy construction industry. Your company should clearly lay out its philosophy on extending terms to customers and collecting on overdue accounts. If there’s no plan, there’s no hope for survival. This article is part of our educational course about credit management in the construction…

  • Credit Management: Accounts Receivable Management for Construction Industry Controllers

    The accounts receivable management industry is finally getting a little love from technology. If you want proof, check out the great things being done by folks like Cortera, Receivables Exchange, and  FundingGates. Standard operating procedures for businesses in managing credit and accounts receivables are applicable to those in the construction and building material supply industries. However,…