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Managing business cash flow effectively is essential to the survival of any business, many things will count towards positive cash flow, here I will be focusing on the credit management aspect of managing cash flow. Credit check prospective customers A prospective customer may appear to be an attractive business prospect during your initial talks, however […]
Why use our Outsourced Credit Management Service? I have found over the years that many businesses do not have a dedicated credit control department within their business, rather this task is assigned to a role as an added responsibility; this often leads to poor collection activity due to lack of time and training to focus […]
We have recently introduced three new live online training courses. Our first one we would like to introduce is specifically for the recruitment industry is the Get paid for Backdoor Hiring online course . There is currently and introductory offer of £99 + vat. Recruitment- get paid for Back door hiring Who will benefit? The […]
Based on feedback we have received we have recently developed a 2nd course to follow on from our SELL out small claims courts live online training. This course has been running for over ten years and has has a proven track record in helping businesses receive positive results. Part 2 has been named the Commercial […]
CMG UK have a strong background in construction and many of our clients work in this sector. We often find they have issues getting paid so we have put together a new course designed specifically at this sector. “How to get paid in construction“ Many of our clients are classed as a subcontractor by their […]
We’d all agree that writing effective collection letters is a balancing act between ensuring you receive payment in full and maintaining a positive working relationship with your customers. You don’t want your correspondence to end up thrown to one side, added to a stack of unread post, because the seriousness of the matter wasn’t made […]
**Last chance for February Courses** Collection Performance £130 + vat per person Running W/c 12th May 2025 Our Improving Cash Flow courses are beneficial to those new to collections, with no formal training, or to those who view the course as a refresher in credit control, wishing to improve and develop their collection techniques. Enquire […]
If your company is investing money into sending you on a training course to improve your knowledge and skills for the benefit of your role, then choosing the right course, that will provide you with the correct knowledge and procedures, is vital. For credit control courses in particular, ensuring that relevant topics are covered is […]
When thinking about invoice preparation you should always try to include the items below. This will leave no un-answered questions and should ensure swift payment. Label the document as – Invoice Identify the document with the word ‘invoice’ this will differentiate it from any other correspondence like a credit note or receipt. Addresses Ensure your […]
I have been told by businesses countless times that their customers are paying late despite the fact they are chased at the same time each month. I ask these businesses each time, if your current collection procedure isn’t working, why are you still using it? Late payments are still an enormous burden on UK businesses, […]