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The Christmas period signals a slow-down for many UK businesses; Christmas excitement takes over and the majority of businesses close during part or all of Christmas and New Year celebrations. In order for businesses to maintain cash flow during this time, they must have an effective action plan in place to ensure the highest possible […]
With Christmas creeping up on us your plan for December is crucial to ensuring that it is no different to any other month for your Cashflow. We will soon be coming to the time of year when businesses wind down and start to think of the new year this is when you will start to […]
Are you looking for ways to improve the order to cash process of your business? Effective credit management covers the entire Order to Cash, not just collection activity as many wrongly assume. Ensuring that your Order to Cash Process is followed precisely and that it is continually reviewed and improved upon is vital to any […]
The best way of avoiding credit control issues in your business is to ensure that you are paid in full before providing any goods or services. However, unless you have a unique product or service that is in high demand, or in an industry where it is custom and practice to expect payment in advance, […]
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 E-learning webinars let us know: COMMERCIAL CREDIT MANAGEMENT Business leaders wary of borrowing as interest rates rise Economy predicted to avoid recession in […]
How to retain your customers In order to keep customers happy and ensure repeat business, it’s vital to keep your customer acquisition and retention cycle fresh and updated. How many of the 10 below do you know? Know your sales cycle Do you monitor your busy and quiet periods is there anything you can do […]
Although the government have pledged an additional £150bn in government bonds there is still more needed to help keep many SME’s afloat. The main reason for concern is although there are grants available, they still need to paid back and the accumulation of debt is a major worry now and in the future. For companies […]
Welcome to the 4th and final chapter of our series of blogs to help you improve your ‘Order to Cash’ process in a practical way and reduce the negative effects of the pandemic on businesses. See the previous blogs by clicking on the below links: Assessing Credit Risk Collection strategies Dispute Resolution Management We continue […]
Welcome to the 3rd of our series of blogs to help you improve your ‘Order to Cash’ process in a practical way and reduce the negative effects of the pandemic on businesses. See the previous blogs by clicking on the below links: Assessing Credit Risk Collection strategies We continue to look at the elements that […]
Welcome to our February Credit Management News blog. We have given you snippets of the latest topics that we hope are of interest to you and provide information to help with your business. If there is anything you would like to see more of in our round ups from more Credit Management News to help […]