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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 […]
Whilst an expensive form of finance, invoice finance can provide an effective solution to cash flow issues for businesses with high cost of sales. However, businesses need to be prepared and well versed in what will be expected when they begin to invoice finance. We assist companies in preparing for invoice finance, and getting the […]
Whether in a time of economic prosperity or uncertainty, access to knowledge, experience and talent needed to grow businesses doesn’t have to be about increasing headcount. Our client base, which includes architects, accountants and recruitment firms, is not only benefiting because more people are choosing to do things such as alter their home, pay closer […]
Poor payment practices are something that should ideally be addressed at the beginning of the business relationship. However, sometimes poor payment practices can arise after business has already begun. So what can you do to combat poor payment practices before or during carrying out work with your customer? Take into account the Battle of the […]
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 confidence hits 15-month low Inflation expected to push economy into recession Over half of […]
At Credit Management UK we have vast experience working within the Recruitment Industry and wanted to highlight how we have been able to help Recruitment companies we have worked with. One of the main issues we have experienced is the issue of Backdoor Hiring. Backdoor hiring- episode 1 This is an issue facing many recruitment […]
Direct Debit can be a great tool for collecting payment from your customers, making it easier for them and ensuring you can receive payment on time. Indemnity claims however can provide a huge risk to businesses using direct debit payments; indemnity claims occur when a customer notifies their bank that an error has been made […]
Credit Management Consultancy can be an extremely useful way to significantly improve the performance of your credit management function. This is dominantly due to the fact that consultancy can be adapted to suit the precise needs of the business, as well as the fact that there is a great dealing of funding available to eligible […]
Deciding whether to invest in a training course that covers improving collection performance and cash flow can be a difficult decision to make, you want to ensure that it will cover what you need to be covered to see a viable outcome that will benefit your business. Here we have compiled a list of pros […]
The decision of whether or not to outsource your credit management function can be tricky if you are unsure of what to expect in terms of return on investment. For the team at CMG UK our answer is always that the pros greatly outweigh any cons, so we have compiled a list of the five […]