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CMG UK News

January Credit Management Frequent Questions

credit management frequent questions

Here are our top credit management frequent questions for January. What is the most common credit management issue you come across? There are many roadblocks in credit management that will delay payment; this also varies from industry to industry. One of the most common excuses we receive is a customer stating that they have not […]

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November Commercial Credit Management News Round Up

Commercial credit management news

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 Supply chain chaos and inflation are top concerns for businesses Government’s energy bill relief has […]

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October Commercial Credit Management News Roundup

Credit Management News round up

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 confidence hits 19-month low Business loans predicted to fall 3.5% in 2023 Cash flow […]

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How Do We Help Clients with Preparing for Invoice Finance?

Preparing for invoice finance

Whilst an expensive form of finance, invoice finance can provide an effective solution to cash flow issues for businesses with high cost of sales. However, businesses need to be prepared and well versed in what will be expected when they begin to invoice finance. We assist companies in preparing for invoice finance, and getting the […]

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4 tips to use when chasing customers for payment

chase for payment effectively

  Chasing customers for payment can be a frustrating task, especially if you aren’t getting the answers you are looking for (i.e. a definitive date for payment); there are a few things you can do, however, that will provide you with a structured chasing strategy and therefore have more chance of success. Use a mix […]

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How can your company ensure credit management best practice?

Credit management best practice

Credit management best practice will differ industry to industry and company to company, but there are certain basics to consider when evaluating how effective your credit management function is. Does your credit control team have the right skills and knowledge? Effective credit controllers need to have certain attributes that will vastly enhance the success of […]

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Successful Credit Management During a Pandemic

Successful Credit Management During a Pandemic

As we adjust to the ‘New Normal’ one area that remains constant is that cash remains King! Job losses are being announced daily, the rate of business insolvencies is increasing and will continue at an exponential rate. We all do our best to ride out the predictable economic impact of the global shut down of […]

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