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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 […]
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. […]
The 4th instalment in our series of case studies to help recruitment firms get paid for a back door hire. This case study highlights the importance of making your terms known to your customer, so you can demonstrate acceptance by conduct. As previously employed as a Credit Manager by a national recruitment firm and working […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]