Priority Credit Management Corp.

04/17/2024

Get CollectPro™ certified now for a job that's always in demand. At Priority Credit Management, we'll teach you everything you need to know about managing accounts receivable (AR) like a pro. Here's a peek at what you'll learn:

Why Documentation Matters: Good documentation is crucial for smooth transactions and trust with clients.

The Backbone of Financial Health: AR management isn't just about collecting payments; it's about keeping your finances healthy and your clients happy.

Precision in Data Accuracy: Messy data can lead to problems, so we'll show you how to keep your records clean and reliable.

Tailoring Solutions to Customer Industry: Different industries have different challenges, so we'll help you customize your strategies for success.

Mastering Communication: Clear communication is key in AR management, whether it's through emails, calls, or meetings.

The Art of Negotiation: Learn how to negotiate deals that benefit everyone involved.

Navigating Critical Conversations: Tough talks are part of the job, but we'll teach you how to handle them like a pro.

Prioritizing Staff Self-Care: Taking care of your team is important, so we'll share tips for preventing burnout and keeping morale high.

Ready to boost your AR management skills? Join us In September at Priority Credit Management Corp for personalized support and resources to help you reach your goals. Send us a message today to save your spot.

03/26/2024

Here is a short presentation that your accounts receivable and sales teams need to hear right now.

Hosted by Brad Lohner of the Edmonton Executives Association

06/28/2023

***SUMMER SAVINGS EVENT – DEADLINE SEPT 1ST***



Good Day,



2022 was an excellent year for most companies as cash flow was good, meaning only a few were filing liens; however, we have noticed an uptick in 2023 with an increase in liens being filed. Many report the reason for the liens were due to constricted cash flow from supply chain pricing pressures and interest rates.



Having pre-paid liens in your back pocket enables you to act quickly. While we hope you never have to file a lien, we are here to help you protect your company when the time inevitably comes. Registration of a lien is not a guarantee of payment; therefore, you might want to consider other options you can layer with your lien, such as enlisting the services of a professional licensed debt collector. We want to assist you with all we can, so you have the best odds of getting paid.



If you have any questions, please feel free to reach out. I look forward to hearing from you!

02/22/2023

https://www.linkedin.com/pulse/accidental-banker-pcmcorp

We have collaborated with many great customers like you over the years. But many business owners did not expect to have to add the title of “Banker” to their long list of daily activities.

10/04/2022

These must be stressful times for a province whose residents are least likely to take on debt.

According to a new national poll, BC residents are having trouble making ends meet, thanks to rising costs of goods and food.

04/26/2021

If I drink 5 chocolate milkshakes for dessert tonight, I won’t see it show up as extra weight tomorrow.

But what happens when I stop working out and drink 5 chocolate milkshakes for dessert every day for a year? More calories in than out = I’ll eventually need to buy new pants.

Why do we see it differently with money? We’re drinking the metaphorical milkshake daily with the average Canadian spending $1.71 for every $1.00 earned.

There’s never been a better time to teach our kids about how to make better financial decisions. As Brad talks about in this eye-opening article, the economy works better when people are paid what's due to them.

Plus he covers:
· Our current and post-pandemic economy
· The US and Canadian debt load
· Why financial literacy should have future generations living productive and solvent lives

Thanks for writing on this important topic, Brad:
pcmcorp.com/blog/financial-literacy

p.s. If you have a topic you want to share for a future session of Corks & Credit, please PM me! 🍷

10/26/2020

Question ❓ for those who have experience working in credit/ accounts receivable/collections: what qualities should be developed for a person considering the credit profession to have a long and fulfilling career?

As Brad mentions in this article, most colleagues and clients we talk to end up in credit & accounts receivable by chance.

And once you're in, you either love it or hate it.

If you:

*enjoy a challenge
*have a desire to give money back
*like helping people out of financial trouble
*Don't have an MBA but want to earn great money or;
*want to provide a significant economic contribution

Then credit or finance could be a career for you!

If you're considering a job in credit (and we think you should), this is the article for you. 👇

https://pcmcorp.com/blog/career-in-collections/

08/28/2020

"Learn from my mistakes" is something any great mentor will readily tell you- and be vulnerably willing to share. The great thing about history is that we have the opportunity to learn from it- to take what others have done and make adjustments in our own journeys.

As Brad mentions in this week's blog, collectors don't get the same opportunities for training that most other professions do. There isn't a myriad of books, training and resources put together consistently for those that want to learn great collection skills.

So what do collectors do? They learn as they go.

One of our favourite stories of learning-by-doing is from Rola Pyper. On her first day as a collector she was thrown into a call with no training, accidentally left a message for "Peter Pyper" and spent the rest of the message scrambling trying to explain that she was Rola Pyper and he was Peter.

Learning :).

Brad's wishes for all his clients are that you can relate to some of the mistakes he made or, possibly learn from them yourself.

Thanks for sharing Brad.

Aug272020PCMCorp PROse If you have ever talked to anyone involved in debt collections or accounts receivable, and love their job, you will notice two things: 1) You are looking at a unicorn, and; 2) They didn’t go to school to become good at their profession.   It takes an extraordinary breed of ...

07/17/2020

If anyone is the master of team building, it's this lady right here 👉 Alysia Lohner

We have watched Alysia spend tons of time and energy building the PCM culture, but when COVID hit and we all went remote, we weren't sure what it was going to look like.

Alysia completely nailed it in keeping our culture of productivity + encouragement + fun thriving, even while being socially distant.

That's what Alysia talks about today in this week's interview

Full Interview: https://pcmcorp.com/blog/culture/

06/26/2020

Leading lady Rola Pyper shares her wisdom and insights based on 20+ years of experience in the credit and collection industries on the importance of learning accounts payable. She shares on how this has enhanced her personal growth and optimized her effectiveness as a collector

At one point in my career, I held the position of Accounting Manager for a large company, which meant I oversaw both the Accounts Receivable and the Accounts Payable departments. I spent mornings making collections calls and afternoons fielding collection calls. It was an enlightening experience. Be...

06/19/2020

This year alone Canadians have lost more than 1.2 million dollars in COVID-19 scams. We've written a blog post on a few schemes to watch out for

06/19/2020

This year alone Canadians have lost more than 1.2 million dollars in COVID-19 scams. We've written a blog post on a few schemes to watch out for
www.pcmcorp.com/blog/credit-fraud