Many petroleum marketer customers are under economic distress due to COVID-19. You may still be delivering product to your dealers and commercial and industrial customers, but will you get paid? Join us as we discuss how the economic recession sparked by COVID-19 is affecting credit and collections for petroleum marketers. Focus will be on ways marketers are being proactive in managing their collections, specific practices you can be putting into place, how the credit market is changing due to COVID-19, and how credit insurance availability is being affected.
Study Group members Howell Clark, Co-Owner, and Jeff Smith, CFO of Sampson Bladen Oil in NC, will discuss how they are modifying their credit and collections approaches for both their dealer and commercial and industrial fuel and lubricants businesses.
Ann Pitts, The Pitts Group, will share best practices for collections during this economic crisis and how to ensure you’re still able to collect on product you are currently selling.
Cory Watson, Leykell Insurance, will share trends in credit insurance markets during this crisis, including how companies are using credit insurance, what types of accounts are still being insured, and where he is noticing difficulties.
The complimentary webinar is designed for owners, finance, credit, sales, and those interested in managing cash flow during this pandemic. Jed Brewer will moderate the call. The webinar is co-sponsored by Study Groups and The Below the Line Club and will last approximately one hour. We invite you and/or members of your team to participate.