{"id":2480,"date":"2023-02-15T11:33:13","date_gmt":"2023-02-15T17:33:13","guid":{"rendered":"https:\/\/www.bbrown.com\/?post_type=case_study&p=2480"},"modified":"2023-03-17T12:16:04","modified_gmt":"2023-03-17T17:16:04","slug":"implementing-trade-credit-policy-spurs-business-growth-and-improves-payment-terms","status":"publish","type":"case_study","link":"https:\/\/www.bbrown.com\/us\/case-study\/implementing-trade-credit-policy-spurs-business-growth-and-improves-payment-terms\/","title":{"rendered":"Implementing Trade Credit Policy Spurs Business Growth and Improves Payment Terms"},"content":{"rendered":"

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Case Study<\/p>\n

\n Implementing Trade Credit Policy Spurs Business Growth and Improves Payment Terms\n <\/h1>\n\t\n <\/div>\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n\n\t\n[\/vc_column][\/vc_row][vc_row row_padding_bottom=”pb-2″ full_width=”stretch_row” equal_height=”yes” content_placement=”bottom”][vc_column width=”1\/4″][vc_single_image image=”791″ img_size=”full”][\/vc_column][vc_column width=”3\/4″]\n
\n \n

\n The Request\n <\/h2>\n\t\n <\/div>[vc_column_text]<\/p>\n

Help <\/span>p<\/span>rotect accounts receivable to avoid a complete loss<\/span><\/h3>\n

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Company Profile<\/strong><\/h4>\n

Industry: Health<\/span>c<\/span>are Staffing Firm<\/span><\/span><\/strong>
\nEmployees: 500
\nLocations: 10 U.S. locations\u00a0<\/strong><\/p>\n

A healthcare staffing firm had many large customers that generated substantial accounts receivables. However, this scenario left the company\u2019s accounts receivables unprotected in the event a customer delayed payment or entered bankruptcy. Either of these scenarios could result in a complete loss to the firm.\u00a0<\/span>\u00a0<\/span><\/p>\n

Due to an increasing need across the U.S. for healthcare workers, the customer was seeing a high demand for its services from existing and prospective customers, and it desired to meet these demands. Additionally, the firm had many customers requesting higher and longer payment terms.<\/span>\u00a0<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_bottom=”pb-2″ full_width=”stretch_row” equal_height=”yes” content_placement=”bottom” css=”.vc_custom_1638896243466{background-color: #eaeaec !important;}”][vc_column width=”1\/4″][vc_single_image image=”794″ img_size=”full”][\/vc_column][vc_column width=”3\/4″]\n

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\n The Solution\n <\/h2>\n\t\n <\/div>[vc_column_text]<\/p>\n

Brown & Brown implemented a trade credit insurance policy<\/span><\/span><\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_top=”pt-1″ full_width=”stretch_row” css=”.vc_custom_1638896256859{background-color: #eaeaec !important;}”][vc_column][vc_column_text]Brown & Brown <\/span>built<\/span> a trade credit insurance polic<\/span>y to insure the firm\u2019s account<\/span>s<\/span> receivables from the risk of <\/span>a <\/span>customer <\/span>submitting a delayed payment<\/span> or <\/span>entering <\/span>bankruptcy<\/span>. <\/span>Because of these protections, <\/span>the<\/span> customer gained the confidence to extend credit terms to <\/span>its <\/span>new <\/span>customers and<\/span> it enabled them to<\/span> expand<\/span> payment terms for its existing customers.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_bottom=”pb-2″ equal_height=”yes” content_placement=”bottom”][vc_column width=”1\/4″][vc_single_image image=”792″ img_size=”full”][\/vc_column][vc_column width=”3\/4″]\n

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\n The Results\n <\/h2>\n\t\n <\/div>[vc_column_text]<\/p>\n

Protected <\/span>exposures<\/span> led to business growth and improved payment terms<\/span><\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_top=”pt-2″ equal_height=”yes” content_placement=”middle”][vc_column][vc_column_text]Since the<\/span> trade credit policy insured accounts receivable, one of the firm\u2019s largest uninsured exposures<\/span>, t<\/span>he customer was able to build <\/span>its <\/span>relationships an<\/span>d<\/span> revenue. <\/span>This enabled the firm to grow and provide better payment terms to existing and prospective customers.<\/span>[\/vc_column_text][vc_single_image image=”1423″ img_size=”medium” onclick=”custom_link” img_link_target=”_blank” link=”https:\/\/www.bbrown.com\/wp-content\/uploads\/2023\/03\/Case-Study-\u2013-PC-Implementing-Trade-Credit-Policy-\u2013-Brown-Brown-Web.pdf”][\/vc_column][\/vc_row][vc_row][vc_column]\n

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Ready to help minimize your risk and uncertainty?<\/p>\n

\n Contact us for more information.\n <\/h2>\n\t\n <\/div>\t
\n\t\t\t\t\t\n\t\t\t\tContact Us<\/span>\n\t\t\t<\/a>\n\t\t\t<\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column][vc_separator][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]DISCLAIMER:<\/span>\u00a0<\/span>Brown & Brown, Inc. and all its affiliates, do not provide legal, regulatory or tax guidance, or advice. If legal advice counsel or representation is needed, the services of a legal professional should be sought. The information in this document is intended to provide a general overview of the topics and services contained herein. Brown & Brown, Inc. and all its affiliates, make no representation or warranty as to the accuracy or completeness of the document and undertakes no obligation to update or revise the document based upon new information or future changes.<\/span>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Learn how Brown & Brown helped enable a firm to grow and provide better payment terms to existing and prospective customers.<\/p>\n","protected":false},"author":66,"featured_media":2489,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"service":[12],"industry":[42,69],"location":[17],"class_list":["post-2480","case_study","type-case_study","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nImplementing Trade Credit Policy Spurs Business Growth and Improves Payment Terms - Brown & Brown<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bbrown.com\/us\/case-study\/implementing-trade-credit-policy-spurs-business-growth-and-improves-payment-terms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Implementing Trade Credit Policy Spurs Business Growth and Improves Payment Terms\" \/>\n<meta property=\"og:description\" content=\"Learn how Brown & Brown helped enable a firm to grow and provide better payment terms to existing and prospective customers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bbrown.com\/us\/case-study\/implementing-trade-credit-policy-spurs-business-growth-and-improves-payment-terms\/\" \/>\n<meta property=\"og:site_name\" content=\"Brown & Brown\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-17T17:16:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bbrown.com\/wp-content\/uploads\/2023\/02\/Forms-Image-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1982\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bbrown.com\/us\/case-study\/implementing-trade-credit-policy-spurs-business-growth-and-improves-payment-terms\/\",\"url\":\"https:\/\/www.bbrown.com\/us\/case-study\/implementing-trade-credit-policy-spurs-business-growth-and-improves-payment-terms\/\",\"name\":\"Implementing Trade Credit Policy Spurs Business Growth and Improves Payment Terms - 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