5 Policies for AR Pros Planning Late Payment Service Fees

As the number of companies stretching out payments increased over the last several years, the sensitive issue of whether AR should levy late payment service fees surfaced again. The Credit Research Foundation (CRF; www.crfonline.org) addressed the issue with a 2011survey, Current Trends in the Practice of Late Payment Service Fees.CRF Survey Findings To understand how AR pros have been responding to the challenge, CRF surveyed 492 companies. The CRF survey reveals that a minority, 39 percent,…