Credit Control
Few businesses can hope to trade today without offering some kind of credit to their customers. There is always a risk in effectively lending money, one is the risk of bad debt and the other is late payment or the “slow payer” which can have a detrimental effect on your company’s cash flow. In some cases slow payers can have disastrous effects.
All organisations however large or small should have a credit policy which complements any documented Terms and Conditions. The credit policy provides internal and external controls to ensure that selling and collecting on credit are handled efficiently. We can help you to implement an effective credit control system which can:
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Review your current credit control systems and procedures |
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Obtaining ad-hoc credit reports on your customers or suppliers |
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Help you to recruit and selection of full/part time credit controller |
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Assist you in specific debt recovery |
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Assist you in taking legal action |
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Help you to learn more about credit control through our Credit Management Workshops |
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