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The purpose of our blog this week is to help you understand some of the terminology used and also the options that are open to you. One of the options is a Director guarantee these can be used to leverage payment from a business, the biggest benefit of this guarantee is to creditors. Definition – […]
Here at Credit Management Group we have heard a wide variety of excuses for late payment over the years. Some are much more believable than others! Below are the top 5 and how to deal with them. “We didn’t receive the invoice” / “We asked for a copy invoice to be sent” The best way […]
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: CREDIT MANAGEMENT Third of businesses concerned about surviving the next 12 months Business insolvencies increased by 31% in the last […]
When we created our order to cash process tool worksheet it was with the intention that those who downloaded it could use it as a resource to jog their memory, or ask themselves questions about their order to cash process to ensure every aspect was covered. The resource is not intended to be read once […]
Welcome to our June Credit Management News blog. 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: CREDIT MANAGEMENT Asset Finance grows by 106% Stormy waters ahead predicted for […]
If you are the owner of an SME, cash flow of your business is never far from your mind. There is a fine line between sales and costs in any company but without a reserve in the bank this can become a problem if it’s not monitored. It can be hard to plan and forecast […]
Invoice financing allows businesses to draw money against a percentage of an invoice prior to it being paid by the customer. Whilst this may sound like a great option to finance your business, careful consideration should be taken when considering invoice financing within your business. First things first, one thing I have learnt from my […]
It is common practice for Directors of owner managed business to take a basic salary per month and then draw dividends from the company as long as the company has sufficient reserves. This approach has very little risk associated as long as the reserves are not adversely affected by the dividend withdrawn. One case that […]
Welcome to our May Credit Management News blog. 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: CREDIT MANAGEMENT Small Firms want Support Loans turned into employee shares Rising […]
The latest instalment in our series of case studies details another scenario of How to help recruitment firms get paid when a client employs a candidate directly. As previously employed as a Credit Manager by a national recruitment and working for many recruitment firms since setting up CMG UK I have a vast amount of […]