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Six Ways to Improve Cash Flow in the New Year

Credit management best practice

Making resolutions for your business can be a great way to start off the New Year, however in order to ensure you stick with the resolutions you firstly need to understand how you can bring them to fruition. Many business owners and managers will make the resolution to improve cash flow in the business during […]

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Recruitment Backdoor hiring- episode 6

Recruitment agency blog 4

This instalment shows how devious some debtors can be when trying to avoid paying fees for backdoor hires. As previously employed as a Credit Manager by a national recruitment company and working for many recruitment firms since setting up CMG UK we have a vast amount of experience in making sure our clients get paid. […]

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Recruitment Backdoor hiring- episode 3

Negotiating Payment in the Recruitment Industry

The 3rd instalment in our series of case studies to help recruitment firms get paid for backdoor hires    In this instalment, we show how wording in emails can prevent you being paid in full. As someone previously employed as a Credit Manager by a national recruitment firm and working for many recruitment firms since […]

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Recruitment Backdoor hiring- episode 2

Credit management Back Door Hiring Recruitment

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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Recruitment Backdoor hiring- episode 1

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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Top tips for putting a customer on credit hold for late or non-payment

late or non-payment

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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How to Improve your Business’ Order to Cash Process

Order to Cash Process 2

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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