If you’re waiting until a payment is late to begin implementing credit control strategies, you are waiting too long. Good credit control should begin as soon as an order is placed, to help you avoid the risk of late payment and bad debt. The most critical period in the credit control process begins before the…
Credit control can be a topic that causes stress for small and large businesses alike, and more importantly the business owner. Remember, a sale is a waste of valuable business resource until the cash is collected. Improving credit control is the easiest way any company can access “new” finance. A good credit controller has competencies…
Without a timely and consistent inflow of money, businesses can be significantly and adversely impacted. This can put huge pressure on even the most successful of businesses which may result in senior management time having to be spent focusing on non-value adding areas. With an effective credit control procedure in place, the threat of late…
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