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It is always good to know the process that would be taken against you as well as knowing this process for if you ever needed to implement it yourself. As a credit management company, we spend the majority of our time helping companies to follow a structured credit management process in order to get invoices […]
Welcome to our July 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 […]
June’s Frequent Credit Management Questions What are pre-action protocols? Pre-action protocols refer to the tasks you must carry out prior to beginning court action. Courts want you to evidence that you have made every attempt to resolve the issue prior to commencing court action; without this there may be a penalties. Therefore, you must ensure […]
In house training is one of the best ways to get all your employees trained in one session with course content that is specific to you. You are able to bespoke the length of time and content to get the best results for your money. With courses being held at your premises you can also […]
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 […]