Learn how to make a Collection Ruler and see the flow model

Among the main difficulties how to make a Collection  by entrepreneurs are controlling collections and combating default. To maintain finances and avoid problems related to cash flow , one of the most used tools is the collection ruler .

With a collection rule, it is possible to send messages and notifications according to the payment process that the company has established . In other words, following an effective sending schedule, aiming to settle the outstanding debt with the end customer.

Therefore, knowing more about the concept of collection rules, its benefits and its application can make all the difference in your company’s financial management . That’s why we’ve put together the best information on the subject. Stay tuned!

What is a collection rule?

The collection rule is a strategic flow of actions that the company uses to how to make a Collection collections . It is like a collection instruction manual, which shows what the company should do at each stage of collection.

Through these actions, the company can control payment management , increase revenue forecasting and improve its collection planning . Notifications can occur before, on the day or after an invoice is due.

This way, it is possible to understand which are the best thailand whatsapp number data channels for each stage of the collection , adapting reminders according to the customer’s preferences or the effectiveness of actions.

In other words, if a customer pays more quickly by receiving a notification via WhatsApp than by email, it is a way for the company to carry out the process . The company can adopt the two main forms of collection when creating the rule: preventive and reactive.

Preventive collection

Preventive collection, as the how to sell infoproducts?  suggests, is a collection to prevent financial default . In other words, it is made before the invoice is due.

It follows the following steps:

1. Issuing and sending the invoice to the customer;
2. Payment reminder 5 days before due date;
3. Payment reminder on due date;
4. Sending payment confirmation.

If the customer makes the how to make a Collectionby the due date, the last step in the collection process is to send the payment confirmation. This shows that the company cares about the customer’s actions, signaling that it has received the money.

However, in cases of default, it is necessary to resort to reactive collection.

Reactive billing

If the customer does not betting email list the payment, it is necessary to trigger reactive collection . In this case, the language ends up being a little firmer, but you must continue to use friendly and professional communication .

For reactive billing, consider the following steps:

1. Late notice 1 day after due date;
2. Notice of delay 7 days after due date;
3. Notice of delay 14 days after due date;
4. Voice billing notification 30 days after due date;
5. Payer’s negative status 45 days after due date.