An efficient, robust credit control system will have the following, positive impacts on your business:
a) Reduce debtors and increase cash
b) Reduce bad debts
c) Put you at the front of the queue when customers make payment runs
d) Show your customers you are organised, professional and efficient
e) Reduce the amount of time spent chasing late payments
We can help improve your credit control systems in the following ways:
- Training for the individuals responsible for credit control
- Credit checking (and tracking) your customers
- Outsourced credit control (particularly easy if you use an on-line accounts system)
- Systems audits