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Tag Archives: Past-due Accounts

Speedy Response

To support and complement their collections department, many companies already use the services of collections agencies. Others rely on their attorneys for these matters. Whether you hire one or the other, it is very common to encounter the need for specific information or questions on their part: – Outstanding balance review – Supporting documentation to […]

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Alert, Freight Brokers going away!

The new law “Moving Ahead for Progress in the 21st Century Act’’ or ‘’MAP–21’’ is already generating considerable impact among freight brokers in the United States, Canada and Mexico. The increase in the surety bond amount for freight brokers from 10 thousand to 75 thousand dollars has generated a considerable decrease in the number of existing brokers. According […]

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Pending Regulation for the Mexican Freight Intermediaries

The role of the cargo agent in the transportation and logistics industry is fundamental. This makes it incredibly difficult to understand why in this XXI century their activities have not been legally recognized, constituted or regulated by the Mexican government. Whose loss? The fact that the cargo agent is not regulated generates losses and uncertainty for […]

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Past Due Accounts Checklist

”Where you find order, there is character”, said Doménico Cieri Estrada. You need both in order to recover your past due accounts.. Having a Past Due Accounts Checklist in your Accounts Receivables Department will bring the following benefits to you: – It provides clear and strong support to define your internal collections strategy. – It provides basis and foundation […]

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How to generate a profit from your past due accounts. Plus, recover your money faster.

Some of our clients profit from past due accounts that have been assigned with our Agency. What does this mean? The amounts recovered are higher than those originally invoiced even when collection fees have been charged on a contingency basis. Our clients receive more than what they originally had charged for their transport service, sometimes generating […]

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Key Indicators in Collections

Executives and owners of companies today are focusing more than ever in profit margins. In the transportation industry, executives must invest time and money in closely measuring performance and results in detail and on a daily basis. In collections, time is money. What is collected or recovered this week is in major part a reflection […]

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The Mexican Freight Broker

In this article, we will focus on the role of the Mexican freight broker; and above all, the precautions that can be taken before entrusting your exports , imports or cargo transportation logistics . We are aware that Cargo Agents play the important task of solving the problems posed by freight trade commerce. Their main […]

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Past-due Accounts …the true cost.

In the trucking industry, past due accounts are considerably expensive. We must be aware that from the moment the customer does not pay within the agreed credit terms this account becomes an overdue account. Therefore, action should be taken accordingly.  In addition to the amount owed, your Company also has to cover the costs of operation in the recovery process, such as: legal costs, […]

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