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As a credit controlled being on the ball is vital to keeping your companies cash flowing. Late payment from your customers can put constant pressure on cash flow, knowing when payments are due in is vital. You need to know each client and their payment habits – do they always pay on-time, early or a […]
We hope this blog finds you well. If there is anything you would like to see more of in our round ups from more Credit Management Hints & Tips to help on Credit Management E-learning webinars let us know: COMMERCIAL CREDIT MANAGEMENT Asset Finance market grew by 11% in January 2022 Small business lending back […]
In an ideal world your business would be paid in full before any goods or services exchange hands, however, this is an unrealistic ideal for competitive businesses. Subsequently offering credit to your customers is an ideal to maintain a competitive advantage; there are, however, risks involved in offering credit and therefore we would highly recommend […]
At Credit Management Group UK we have made the decision to move to new more accessible premises in Bromborough, Wirral. We will also be welcoming two new members to the team over the next few weeks, and our new offices now provide room for additional growth. Over the coming weeks we will be making many […]
The sales function of a business is often seen as one of the most important aspects of a business, and whilst it is vital, many companies I have worked with have focused so much energy on sales that credit management processes have fallen behind. For those businesses experiencing rapid growth, poor credit management can have […]
We hope this blog finds you well. If there is anything you would like to see more of in our round ups from more Credit Management Hints & Tips to help on Credit Management E-learning webinars let us know: COMMERCIAL CREDIT MANAGEMENT Businesses’ confidence remains steady despite rising price concerns Businesses braced for insolvency storm […]
We hope this blog finds you well. If there is anything you would like to see more of in our round ups from more Credit Management News to help on Credit Outsourcing let us know: COMMERCIAL CREDIT MANAGEMENT Fifth of business owners identify late payments as key barrier for growth Restaurant insolvencies rise by 31% […]
Ensuring your cash flow is up date and monitored can ensure your business stays in the red even in the challenging economic times we are experiencing. Fortunately, with an effective credit control procedure in place, the threat of late payment can be reduced. Even though most owners know this companies continue to make the same […]
Chasing for payment from your customers is a delicate balance of customer service and actually chasing for money owed. As you become familiar with a customer and build a relationship with them you should be able to identify the ideal tone in which you should speak to them (formally or informally) and what usually encourages […]