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Dunning

I had never heard the term dunning before I signed up for CUK. I'd always called it credit control.

A lot of "Americanisms" are actually old English words that fell out of favour on this side of the Atlantic.
 
I'd never heard of "dunning" until I started my current gig and got thrust into the murky world of "credit management" - now I wake up screaming in my sleep about dunning.

We know that feeling ;)

Dunning (process) - Wikipedia, the free encyclopedia

"The word stems from the 17th century verb dun, meaning to demand payment of a debt."

America didn't exist in the 17th century. :tongue

Please don't pretend wikipedia is a reputable source :P And if you look at that entry closely you'll see the only links refer to American entries Eg. "Consumer Credit Protection Act" &
"FDCPA (the Fair Debt Collection Practices Act)"

And I'm another who's come across the "dunning" word in a range of UK companies.
How old are you?

We range in age from 60 - 30, our MD has come across the word in the UK once (at a large multinational) and Daryl our Senior Consultant has only seen it twice (once at a UK firm that used SAP and again at another multinational).

sorry its best practice in many large UK companies.

Its in Oracle so it has to be fairly common.

Find courses & training with Findcourses.co.uk & Independent.co.uk

I could tell you about it but it will cost you £1000 a day :smile

maybe its not so common in SME? Or they do it but don't call it Dunning which is more likely.

We don't need any oracle training, but we'll keep you on file just in case :)

Definitely not common in SME and not that common in anything under "blue chip" in our experience.

Like we said, if it was in general use in the UK a search for dunning would throw up sponsored ads for credit control/debt recovery and it doesn't (but soon will ;) )

I had never heard the term dunning before I signed up for CUK. I'd always called it credit control.

A lot of "Americanisms" are actually old English words that fell out of favour on this side of the Atlantic.

Many thanks to our new favourite poster :happy

Anyway, we said it before...

:igmc::igmc::igmc:
 
I can't help the peculiar ignorance of people in your company. Here's a UK company that uses the term Dunning cycle | FBDebt - Part of Flint Bishop LLP
Yeah. When you're in a hole, stop digging.

Cambridge University include it as part of their Debt Management course manual - linky

And here's a UK-based software company which includes the Dunning process in their software - Credica - Collections Software | Query Management Software | Reduce DSO | Increase Cash Flow | Automate Collections
 
Here's the thing: if I ever wanted money collected, the last people I would go to are Safe Collections, whose poster is demonstrating a level of cretinism that is notable even by CUK standards.

:laugh:laugh:laugh:rollin:
 

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