Managing Overdue Accounts Print

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Non-payment.

WHAT TO ESTABLISH IN ADVANCE

Your terms: when payment is due, what happens if it is late.

WHAT TO AUTOMATE

Renewal reminders before the due date Overdue notices

WHY BEFORE THE DUE DATE

Most late payment is forgetfulness.

A reminder prevents it.

THE SEQUENCE

A reminder before due A notice on the due date A warning before suspension Suspension Termination, after a stated period

WHAT TO STATE CLEARLY

Exactly when suspension occurs.

WHAT TO DO BEFORE SUSPENDING

Attempt contact by another channel.

An email may not have arrived.

WHAT TO PRESERVE

Their data, for a stated period after suspension.

WHY

Terminating and deleting immediately produces disputes and reputational damage.

WHAT TO STATE IN YOUR TERMS

How long data is retained after termination.

WHAT TO AVOID

Suspending without warning Deleting data without a stated retention period

WHAT TO RECORD

Every notice sent.


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