Account Services

Question 1

The notification process begins the first business day after the invoice is purchased. True or False.

Answer 1

TRUE

Question 2

______ are responsible for scanning signed notification letters received from debtors via email into the M3 database

Answer 2

ASR II’s

Question 3

First contact for payment status is generated at 38 days, or the _______ ________ date.

Answer 3

Targeted Collections

Question 4

If an ASR is unable to reach a debtor, get resolution, or has been advised of cash flow issues, the ASR will ______ on the debtor.

Answer 4

escalate

Question 5

We can file on any debtor’s bond no matter the commodity. True or False.

Answer 5

FALSE

Question 6

A credit assessment is a request from Account Services for the Credit Department to review a debtor’s credit. True or False.

Answer 6

TRUE

Question 7

Insufficient paperwork from a client is considered a valid reason for delay in payment. True or False.

Answer 7

TRUE

Question 8

A bond is held for $______

Answer 8

75,000

Question 9

All book invoices are ________ before the invoices are purchased.

Answer 9

verified

Question 10

During a fire drill, every debtor that has an open invoice with that client is contacted. True or False.

Answer 10

TRUE