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Welcome to our April 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 […]
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 […]
Here are our top credit management FAQ for the month of February. What credit risk assessment tools would you recommend when speaking to a prospective customer? There are a number of credit risk assessment tools available to you, none of which will guarantee that you will be paid but that will reduce the risk that […]
There are numerous ways that your business can improve payment performance; this improvement does not just apply to your credit control department but can span the entire order to cash process. How to improve payment performance: Due diligence Due diligence should be your first port of call when dealing with a potential customer; this will […]
It has often been reported on that late payments are the main issue for most small businesses, figures show that around 50,000 business failures in 2014 could have been avoided if all payments due were paid within 30 days. The majority of companies respect their suppliers and pay the invoices due in the agreed timeframe. […]
For most people there has been a 5 week wait for the pay day to come at the end of January. Statistics show that 1 in 6 will be in the red by this Monday. Blue Monday came around as it is the most depressing day of the year! This time of year people are […]
Welcome to our November 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 […]
At this time of the year it is important to ensure all monies that are owed to you are received on time. December is known to be a short trading month so make the most of the days you do have by following some of our tips below: Day 1: Review your current performance The […]
Kier and Seddon are the latest firms to be removed from the Governments prompt payment code scheme, as they have failed to stick to the 60 day payment terms agreed for all supplier invoices. The full list of companies remove are: Kier group firms – Kier Integrated Services; Kier Infrastucture and Overseas; Kier Construction; Kier […]
Here are our top credit management FAQs for the month of October. How will I know when to put a customer on hold for non-payment ? Your decision to put a customer on hold for non-payment will depend entirely on your collection strategy. If you don’t have a definitive collection strategy in place, consider how […]