Category Archives: Uncategorized

Getting Paid in the Construction Industry: How to Always Do It

Getting Paid in the Construction Industry: How to Always Do It

Getting Paid in the Construction Industry: How to Always Do It If there is one business that generates an excessive amount of challenges, claims, and disputes that CGI Credit Guard sees, it is the construction industry. There are several explanations for this. Few businesses deal with as many varying factors, including weather, labour availability, site […]

Continue

8 Debt Collection Tips to Get Paid Sooner

8 Debt Collection Tips to Get Paid Sooner

8 Debt Collection Tips to Get Paid Sooner It can be difficult asking a customer to pay their overdue invoice. Unfortunately, collecting outstanding invoices is inevitable for any business that grants credit. However, it should never be a significant activity. By following these 8 tips, I hope your business can get customers to pay their […]

Continue

How Inflation is Clobbering Your Accounts Receivable

How Inflation is Clobbering Your Accounts Receivable

How Inflation is Clobbering Your Accounts Receivable Canada’s annual inflation accelerated to 7.7% in May of 2022, a 39-year high and above market expectations of 7.4% (Statistics Canada). The central upward pressure came from transportation, food, and shelter as Western sanctions in response to Russian attacks on Ukraine continued to lift energy and commodities prices.  Transportation costs […]

Continue

When to Hire a Collection Agency?

When to Hire a Collection Agency?

When to Hire a Collection Agency? If you are a business owner, there may come a time when your customers don’t pay on time, or worse yet, don’t pay at all. You may want to ignore it if it only happens a couple of times, but what happens when it continues? Perhaps you attempt calling […]

Continue

Five Traits That Make an Excellent Collection Agent

Five Traits That Make an Excellent Collection Agent

Five Traits That Make an Excellent Collection Agent Ever wonder what makes a great collection team? At CGI Credit Guard, we look for talent that demonstrates the following five character traits: 1.) Communication: Communication is essential to a collection agent’s success. When an agent can effectively listen and communicate the debt collection message to a debtor, they […]

Continue