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Here are our frequently asked credit management questions for December. How can I prepare for confidential invoice finance? Confidential invoice finance providers will want to see that your credit management processes and procedures are clear and appropriate for the business, as this will pose less risk for them in offering you finance. An effective collection strategy is […]
Understanding how to chase for payment effectively will vary depending on your customer type and payment history. You may have customers that pay you at the same time each month with very little encouragement from you, on the other end of the scale you may also have customers that will delay payment on a continual […]
We have 3 live online training events that will help improve your credit management function. Collection Performance £130 + vat per person Running W/c 4th March 2024W/c 24th June 2024W/c 14th October 2024 Start time will be 2pm Our Improving Cash Flow courses are beneficial to those new to collections, with no formal training, or to […]
If you’re looking for an overview or refresher on your credit management , why not Join Jenny as she goes through a quick master class in “How to get your fees paid in a client focused way” The session is being hosted by The Liverpool law Society , Conference for Legal Cashiers & Managers – […]
Within my career I have come across many people that have distinct apprehensions about having telephone conversations as part of their job, instead choosing to rely on email to communicate with business associates, and customers. The majority of the time I have been told this is because telephone conversation requires immediate response to any queries, […]
“Credit Management Group UK are celebrating 20 years in business this October” We would like to thank the team for their hard work, innovation, and leadership helping the business overcome challenges and achieve great things over the last 20 years. Our clients have been fundamental to our growth and we look forward to many more […]
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 leaders wary of borrowing as interest rates rise Economy predicted to avoid recession in […]
We would like to think that the information we share on a weekly basis is useful and helps you in your day to day business. There are many areas in Credit Management we can help with and alot of the problems could be solved by setting up the right systems in the first place. Internally […]
Having an effective credit control function will hugely impact growth for any business. Many business expend a lot of energy into ensuring their sales function is in excellent shape but fail to recognise the importance the credit control has. Here are some of our tips for ensuring your business’ credit control is effective: Identify […]
Every company should credit check their potential customers prior to carrying out work with them; or at least credit check ones with higher value orders. There are specific things that you should look out for on a credit risk report that should give you an effective overview of your customer’s credit risk. What should you […]