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West Cheshire & North Wales Chamber – the benefits of credit management guidance FSB research, published in December 2016, has found that if there had been no late payments in 2014, 50,000 businesses would have stayed open; this would have added £2.5 billion to the UK economy. Unless a business operates under pro rate terms […]
The benefits of using your free Credit management toolkit as part of your chamber membership As part of membership, Liverpool Chamber members have access to expert credit management advice and guidance. Credit management processes are often overlooked in favour of other aspects of a business such as sales and marketing; however in order to have […]
New research has been carried out using cloud accounting software Free agent into the payment of invoices to Freelancers and micro-business owners from large companies. This became a big issue that was highlighted recently with the closure of Carillon and the affect that snowballed down the supply chain. The research shows that large business continues […]
Book now to receive 20% early bird discount! Enhance your credit management function in 2018 by attending our highly effective credit management training courses; running in Liverpool and Manchester, June 2018. Improving Collection Performance We can improve your company’s cash flow by training delegates on collection strategy and techniques on how to negotiate payment effectively. Book now! […]
Back in July we gave you some information about the changes in Pre-Action protocol coming into effect in October 2017. We wanted to do a follow up to keep you informed of the changes and the tools we have developed to make sure you are compliant. The changes in the Protocol affects all businesses extending […]
Our top credit management questions in April Here are April’s top credit management questions that we have been asked by customers and contacts. A customer has offered to pay £250 of a £500 debt in full and final settlement, what does this mean? If your customer proposes to pay an amount in full and final […]
Here are February’s Frequent Credit Management Questions Why should I be credit checking customers? Credit checking your current and prospective customers will help you assess the level of a risk a customer poses to your business at that moment. Credit risk report should be considered in detail, taking into consideration aspects such as: Adverse information […]
CCJs against businesses are at their lowest in second half of 2016 than any other year on record according the findings released by the Registry Trust in February. They have found that county court judgements against businesses in England and Wales fell by 21% in 2016, falling once again for the sixth year running. This […]
It costs 10 times more to gain a new client that it costs to keep an existing client, focusing on getting your fees paid in a client focused way is essential to the positive continuation of a business relationship. For credit management in legal practices we do not refer to the ‘order to cash process’ […]
The CMG UK team have been celebrating this month following business awards nominations at two prestigious ceremonies. The team firstly attended the North West Finance Awards following their nomination for ‘Credit Team of the Year’.They were put forward for the award by one of their long standing clients, for whom they have been carrying out all […]