Consultancy
1st November 2022 | by Jenny Esau | Consultancy, News and Advice
This is our next instalment in our series of case studies to help recruitment firms get paid for back door hires. In this instalment, we show that it is important to have processes in place to capture all information to use as leverage to get paid. As previously employed as a Credit Manager by a […]
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24th October 2022 | by Jenny Esau | Consultancy, News and Advice
Back door hiring effects many recruitment firms. This is where an employer takes on a candidate that you have introduced, without telling you, in an attempt to avoid paying the agreed fee Backdoor hires like this can happen if you have sent a CV with the candidates’ personal details on them. It can also happen […]
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5th June 2022 | by Jenny Esau | Consultancy, News and Advice
Credit Management Consultancy can be an extremely useful way to significantly improve the performance of your credit management function. This is dominantly due to the fact that consultancy can be adapted to suit the precise needs of the business, as well as the fact that there is a great dealing of funding available to eligible […]
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16th May 2022 | by Jenny Esau | Consultancy, News and Advice, Outsourced Collections
Using a credit hold function within your credit management strategy can be a highly effective tool of encouraging payment from your customers. Knowing how to effectively implement the credit hold procedure into your business is vital for its success; I must stress, however, that if you are going to have a credit hold function you […]
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23rd November 2021 | by Jenny Esau | Consultancy, News and Advice, Outsourced Collections
Ensuring your cash flow is up date and monitored can ensure your business stays in the red even in the challenging economic times we are experiencing. Fortunately, with an effective credit control procedure in place, the threat of late payment can be reduced. Even though most owners know this companies continue to make the same […]
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12th October 2021 | by Jenny Esau | Consultancy, News and Advice
It is a wide spread misconception that credit management is solely based around the collection of overdue invoices, when in fact the scope of effective credit management encompasses the entire process from order to payment. Anything that happens before payment is received can impact a company’s ability to get paid. To reduce your risk of […]
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20th July 2021 | by Jenny Esau | Consultancy, News and Advice
When we created our order to cash process tool worksheet it was with the intention that those who downloaded it could use it as a resource to jog their memory, or ask themselves questions about their order to cash process to ensure every aspect was covered. The resource is not intended to be read once […]
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4th February 2020 | by Jenny Esau | CMG UK News, Consultancy, News and Advice, Training
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 […]
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26th November 2019 | by Jenny Esau | CMG UK News, Consultancy, News and Advice
At this time of the year it is important to ensure all monies that are owed to you are received on time. December is known to be a short trading month so make the most of the days you do have by following some of our tips below: Day 1: Review your current performance The […]
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7th January 2019 | by Jenny Esau | Consultancy, News and Advice
Welcome to our December Credit Management Industry 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 let us know: CREDIT MANAGEMENT Housing Market […]
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