Sam Fensterstock

SVP - Business Development

AG Adjustments

Commercial Credit & Collections Expert - More than 25 years of executive expirence in the accounts receivable management industry

Call Rates

Duration Price
6 minutes (SixFree Call) $0 (No charge)
15 minutes $25.00
30 minutes $100.00
60 minutes $200.00


credit collections credit reporting accounts receivable trade credit business credit Order To Cash risk management credit risk management


Sam Fensterstock is the SVP of Business Development at AG Adjustments, a leading provider of 3rd party commercial collection services.  Sam has spent his entire business career as an entrepreneur and senior executive in the commercial credit & collection space. Has been a founder and played a key role in the dynamic growth of several leading niche commercial credit risk management companies and is considered an expert in the order to cash and credit and collection process.  Prior to joining AG Adjustments Sam was the Director of Business Development at PredictiveMetrics a statistical based credit & collection scoring and modeling company that he helped grow and sell to SunGard (FIS) in 2011.  


SVP - Business Development

AG Adjustments
August 2012 - present

Has more than 25 years of experience as Senior Business Development Executive and Manager in the commercial credit & collection space. Is passionate about and helping leading companies improve their credit risk and collection management process. Has been a founder and played a key role in the dynamic growth of several leading niche commercial credit risk management companies.

• Deep background in commercial collections 

• Vast knowledge of credit and collection scoring, risk management, information services and workflow solutions for the order to cash cycle in the B2B market

• A proven sales closer with more than 25 years of consistent successful results selling to C level and senior finance and credit and collection executives at Fortune 1000 and mid to large sized companies.

• A passionate, seasoned, sales manager, coach and leader who has built several small-mid size company sales operations from the ground up.

• Has personally developed relationships with hundreds of senior financial, credit and collection executive and business professionals in a wide array of industries including, manufacturing, distribution, leasing and finance, utilities and the technology sectors. 

• Has vast experience as a Public Speaker and has given more than 200 presentations as an Industry Expert on Commercial Collections and Recovery, Commercial Credit Information Services, Credit and Collection Scoring Solutions and Collections and Recovery Analytics


SUNY Cortland

Bachelor's Degree
1987 - 1991



Trade Credit in Cannabis
MG Magazine
May 2017

What you need to know to create a smart trade policy.

We attended the MJBIZ show in Las Vegas last fall and were fortunate to speak with many companies that operate in virtually every aspect of the emerging cannabis market. The one thing they all hoped for, and felt confident that would happen, is that the banking system will become available to the industry sooner rather than later.

When that happens, business in the cannabis market is going to change dramatically. Access to the banking system means access to trade credit. When trade credit becomes available to growers, manufacturers, wholesalers, distributors and retailers serving the cannabis market, things are going to change. At every level, the industry is going to have to learn how to provide and deal with managing trade credit and its inherent risk.

The Credit Application
MG Magazine
August 2017

Granting credit has not yet become standard in the cannabis market, but as discussed in my article “Trade Credit in Cannabis,” published in the May issue of mg, I believe it will be in the future. Therefore, it is important that a company create a credit policy to define how it will manage its credit and collection processes and evaluate credit risk. Once that is accomplished, the next, and most important, step is to develop a credit application.

Protect Your Cannabis Business From Getting Burned By “Friendship Credit”
Cannabis Business Executive
August 2017

In our article, published by CBE in July (“Five Signs Your Cannabis Customer Needs to be Placed With A Collection Agency”), we mentioned that many companies servicing the cannabis market are now extending what we call “friendship credit” – in other words, allowing customers whom they know well, and have been dealing with on a cash basis, for a period of time, to pay them “next week”.  Many times, due to the nature of your relationship and past dealings with a customer, you think you have very little risk associated with letting them pay you next week.

But what happens if they don’t?

Five Signs Your Cannabis Customer Needs to be Placed With a Collection Agency
Cannabis Business Executive
June 2017

While trade credit is not currently the norm in the cannabis market, it will be in the near future. Once there is credit, collections is not far behind.

When Does a Cannabis Company Need a Credit and Collection Manager
MG Magazine
November 2017

Why will growth happen? Consider your current customer with $2,000 in cash on hand. They are now only a $2,000 customer, nothing more. But, if they can get bank credit—say, a $5,000 credit line—they become a $7,000 customer. Multiply that figure by the number of customers you serve, and your business will expand accordingly. At that point, the question becomes whether you sell companies the additional merchandise on credit terms or continue to require them to pay cash at time of delivery.

Customers no longer will want to pay cash on delivery, because they are creditworthy; a bank says so. After the bank approves credit, customers will want credit from you, too, so they can pay you “sometime down the road.” To get their business, you will need to extend credit, which means you will have to carry “paper” in the form of accounts receivable.

How much credit should you extend? What kind of terms should you offer: seven days, fourteen days, thirty days, or something else? You will need to make a credit decision you may not be fully equipped to make. Furthermore, as your business expands, your company will need to make credit decisions daily. Plus, you now will have accounts receivable, and with that will come delinquencies, defaults, and collections. If you want take advantage of growth, but also want to minimize your risk and reduce potential losses, you need a professional to manage the credit process. You need a credit and collections manager.


Commercial Law League of America

Commercial Law League of America
January 1995 - present

Commercial Collection Agencies of America

Commercial Collection Agencies of America


Finance & Insurance Committee Member

National Cannaibs Industry Association
August 2017 - August 2018

12/14/2017 9:11:30 AM,
Sam Fensterstock replied:

AGA will handle any file over $100, so really any size debt that is seriously deliquent (90+) and greater that that should be consider for collections.

Here is a link to an article I wrote in CBE about when to consider a customer for placement

Here is a link to information about AGA's service in the cannabis market -