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This letter is for a new account where you have an interest in a friendly reminder of your terms.
- The new customer is told when the opening order was shipped.
- The company indicates that it is proud of its service to customers.
- The customer is asked to notify his or her accounting department of the credit terms--in this case net 30 days from date of invoice.
- By a copy of the letter, the sales department is advised of the action that has been taken as well as the credit limit imposed on the account.
Note: As always, your company's situation (market, management risk appetite, etc.) and style will be unique so this can serve as a template to get started.
80% of credit teams rely upon financial instruments to bind slow-paying customers to meet their commitments. Download this expert-recommended promissory note. Set up a payment plan, customize the legal sections and alleviate the risk of non-payment in the future.
What's inside?
- 3 Actionable plans to include when a customer defaults payment
- 5 Essential legal terms required to firm up a payment commitment
- Required notarized signature
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