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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 News to help on Credit Outsourcing let us know: COMMERCIAL CREDIT MANAGEMENT Fifth of business owners identify late payments as key barrier for growth Restaurant insolvencies rise by 31% […]
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 News to help on Credit Outsourcing let us know: COMMERCIAL CREDIT MANAGEMENT Business CCJs rise 70% over the year Business insolvencies rose in September Insolvency Service announces end of […]
Charging late payment interest on overdue invoices can be a great form of leverage to get you paid quicker. You are entitled to start adding interest from the first day it falls overdue, but many companies will be wary of using this as a tactic as the downside is damaging a customer relationship, so when […]
If you are the owner of an SME, cash flow of your business is never far from your mind. There is a fine line between sales and costs in any company but without a reserve in the bank this can become a problem if it’s not monitored. It can be hard to plan and forecast […]
It is common practice for Directors of owner managed business to take a basic salary per month and then draw dividends from the company as long as the company has sufficient reserves. This approach has very little risk associated as long as the reserves are not adversely affected by the dividend withdrawn. One case that […]
Welcome to our May Credit Management News blog. 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 News to help on Credit Outsourcing let us know: CREDIT MANAGEMENT Small Firms want Support Loans turned into employee shares Rising […]
The latest instalment in our series of case studies details another scenario of How to help recruitment firms get paid when a client employs a candidate directly. As previously employed as a Credit Manager by a national recruitment and working for many recruitment firms since setting up CMG UK I have a vast amount of […]
During a recent survey Experian business assist revealed that 63% of businesses knew their credit score and used it to keep an eye on how they are performing. Knowing your score is one thing understanding what the score means is the added benefit. Experian have produced an infographic which helps with the understanding. Here are our […]
Here are our top credit management FAQ for March. What is credit risk assessment? Credit risk assessment should be carried out prior to entering into a contract and providing any goods or services to a prospective customer. The aim of this assessment is to identify the risk that your prospective customers poses to your business, […]
Negotiating Payment in the Recruitment Industry Our case study to help recruitment firms get paid when a client employs a candidate directly. It also outlines when not to peruse the full amount in your not 100% sure of payment. As previously employed as a Credit Manager by a national recruitment and working for many recruitment […]