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Sample Template for Reminding Terms of Sale to Customers
Follow this template to remind sales terms and conditions to customers in order to ensure all remaining payments are paid on time without any obligations.
About this course
| description |
| lessonOverview |
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
|
|
| instructor |
| name |
title |
image |
description |
Ins |
| Robert S. Shultz |
Founder, Quote to Cash Solution |
 |
Robert Shultz has had a thirty-year career as a global credit and financial executive for large multinational companies. As a Founding Partner of Quote to Cash Solutions (Q2C) LLC, he provides consulting services in all aspects of the credit and collections process for companies of all sizes in a variety of industries. |
Robert Shultz has had a thirty-year career as a global credit and financial executive for large multinational companies. As a Founding Partner of Quote to Cash Solutions (Q2C) LLC, he provides consulting services in all aspects of the credit and collections process for companies of all sizes in a variety of industries. |
|
| related |
|
About this course
| description |
| lessonOverview |
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
|
|
| instructor |
| name |
title |
image |
description |
Ins |
| Robert S. Shultz |
Founder, Quote to Cash Solution |
|
Robert Shultz has had a thirty-year career as a global credit and financial executive for large multinational companies. As a Founding Partner of Quote to Cash Solutions (Q2C) LLC, he provides consulting services in all aspects of the credit and collections process for companies of all sizes in a variety of industries. |
Robert Shultz has had a thirty-year career as a global credit and financial executive for large multinational companies. As a Founding Partner of Quote to Cash Solutions (Q2C) LLC, he provides consulting services in all aspects of the credit and collections process for companies of all sizes in a variety of industries. |
|
| related |
|
