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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 This approach has very little risk associated as long as the reserves are not adversely affected by the dividend withdrawn.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 […]
Here are May’s FAQs for credit management issues, focusing on what to consider prior to taking legal action against a debtor. How can I prove acceptance of terms with no signature? You don’t need a written signature to prove acceptance of your terms and conditions, however I would always recommend trying to get a signature […]
Welcome to our April 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 SME Confidence at its highest since 2014 Small business growth […]
During a recent survey Experian business assist revealed that 63% of businesses knew their credit score and used it to keep an eye on how they are performing. Knowing your score is one thing understanding what the score means is the added benefit. Experian have produced an infographic which helps with the understanding. Here are our […]
Here are our top credit management FAQ for March. What is credit risk assessment? Credit risk assessment should be carried out prior to entering into a contract and providing any goods or services to a prospective customer. The aim of this assessment is to identify the risk that your prospective customers poses to your business, […]
Negotiating Payment in the Recruitment Industry Our case study to help recruitment firms get paid when a client employs a candidate directly. It also outlines when not to peruse the full amount in your not 100% sure of payment. As previously employed as a Credit Manager by a national recruitment and working for many recruitment […]
Welcome to our February 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 One in two small businesses still concerned by pandemic impact […]