CS--Credit Policy Review1 Better than Ever! CS--Credit Policy Review2 New PBD Credit Policy Changes to your Job New Credit Guidelines What are the....

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Presentation transcript:

CS--Credit Policy Review1 Better than Ever!

CS--Credit Policy Review2 New PBD Credit Policy Changes to your Job New Credit Guidelines What are the.... Highlights of the Policy

CS--Credit Policy Review3 Why a New Credit Policy?

CS--Credit Policy Review4 Highlights of the Policy Provides payment options for delinquent customers Customers can make advance payment of next issue revenue Increases credit approval amount for new and existing advertisers Specific credit guidelines for sales reps

CS--Credit Policy Review5 Credit Approval Guidelines New Terms Credit Classifications Credit Guidelines

CS--Credit Policy Review6 Customer Profile Cash and Carry Waiver Irrevocable Letter of Credit New Terms

CS--Credit Policy Review7 Credit Classifications New Customer New Customer/High Risk Heading Existing Customer/Established Existing Customer/Bad Credit Bankruptcy

CS--Credit Policy Review8 Credit Approval Guidelines When is an Advanced Payment Required ? When is a Credit Review Required ?

CS--Credit Policy Review9 Changes For... Practice Summary

CS--Credit Policy Review10 Changes... Query Boost Report-Lockout Contacting Delinquent customers as sales opportunities Contacting ACO and Credit Services to Release Accounts to Sales After AO Close Query Boost Report-Lockout Contacting Delinquent customers as sales opportunities Contacting ACO and Credit Services to Release Accounts to Sales After AO Close

CS--Credit Policy Review11 Changes... Release to Sales after AO Close ACR Request for IMS Activity Form “Failure to pay”... Release to Sales after AO Close ACR Request for IMS Activity Form “Failure to pay”...

CS--Credit Policy Review12 Changes “Business as usual” NO waivers on High Risk Accounts

CS--Credit Policy Review13 Using your Tools Pair up with a partner(s) Complete the exercises Review Exercises

CS--Credit Policy Review14 nThe benefits of PBD’s new Credit and Collections Policy nThe new terms and Credit Classifications included in the Policy nThe new Credit guidelines—credit parameters nThe changes the new policy will have to your workgroup You now know:

CS--Credit Policy Review15