B2B Credit and Collection: Best Practices for Healthy Cash Flow

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Extending credit to B2B customers can be a powerful driver of sales growth, but it requires careful management to minimize financial risk. Here’s how to optimize your credit and collection operations: Leverage Technology Cloud-Based AR Software: Say goodbye to outdated spreadsheets and hello to automation! Modern accounts receivable software streamlines your entire order-to-cash process, automating… Read more »

A/R Deduction Recoverability by Age

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Accounts Receivable deductions can dilute revenues from 5%  in industrial companies to 20% in consumer products companies. These deductions arise from various issues, including ordering and billing errors, returned merchandise, pricing discrepancies, trade promotion deals, payment discounts, shipping errors, and non-compliance with customer vendor policies. Deduction overcharges, far from being exceptional, are a common occurrence…. Read more »

Collection Best Practices That Increase Cash Flow

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Accounts receivable commercial collections at many companies are still in the green eyeshade era with out-of-date processes, leaving many opportunities to improve results. However, like many repetitive processes, collections is a production operation and can be engineered to improve cash flow, reduce DSO, and slash the disputes that result from letting unpaid accounts go stale. This is… Read more »

Leib Receives Coveted A.M. Best “Expert” Award for the 15th Year

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We are proud to announce that A.M. Best has, for the 15th straight year,  selected Leib Solutions as one of a handful of companies in the world receiving the coveted “Expert Service Provider” designation awarded for business debt collection and accounts receivable services. Leib Solutions has been in the commercial collection industry for over 35… Read more »

Digital Signatures in Credit and Collections – A Best Practice

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A digital signature is a cryptographic technique to provide authenticity, integrity, and non-repudiation of electronic documents or data. It is essentially an electronic version of a handwritten signature that provides assurance that the document or message has not been altered and was indeed signed by the claimed sender. A digital signature is created using a… Read more »

The Fair Debt Collection Practices Act (FDCPA)

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The Fair Debt Collection Practices Act (FDCPA) is a federal law in the United States that regulates the behavior of third-party debt collectors who collect debts on behalf of others. The FDCPA establishes rules and guidelines that debt collectors must follow when communicating with consumers. The FDCPA does not cover business-to-business debts or collection of… Read more »

HIPAA Compliance

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  New Release February 4, 2021 Leib Solutions LLC  Achieves HIPAA Compliance  SUMMARY:   Leib Solutions has demonstrated its effort toward HIPAA compliance by completing Compliancy Group’s proprietary HIPAA compliance process. LEIB is pleased to announce that it has taken all necessary steps to prove its effort to achieve compliance with the Health Insurance Portability… Read more »

Statute of Limitations

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Statute of Limitations by State For Commercial Collections The Statute of Limitations for lawsuits varies by state, and runs anywhere from 3 to 15 years, after which the debt is “time-barred,” and you cannot sue.  You should use every legal means at your disposal, of course,  but if you wait too long and rely on… Read more »

4 Key Components of Revenue Cycle Management

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The Revenue Cycle Function requires excellence in four key areas, each contributing to a company’s success and operational efficiency. Recognizing these focus areas will allow your company to generate a frictionless revenue cycle flow and improve your cash flow, customer service, and overall profitability. When providing B2B collection services for your business, Leib Solutions makes… Read more »

Leveraging Technology for Accounts Receivable Collections

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Manual collection processes, including the many companies that still use spreadsheets to aid the process have performance problems, including very low productivity, errors, and poor cash collections. Perhaps the best investment you can make is licensing an advanced SaaS system which will give you the structure to implement real discipline in your collection operations. It… Read more »