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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: CREDIT MANAGEMENT Furlough Support Scheme Ends Businesses give back £1.3 Billion in furlough cash Four in five retailers will see […]
Collection letters can be an extremely useful tool to collect payment, as they tend to carry more weight than emails alone. The key to a successful outcome is in writing effective collection letters that make your customers take notice. The tricks for effective collection letters: Letters should be incorporated into structured collections strategy You will […]
When beginning a commercial debt recovery claim, through your own company or when hiring a specialist debt recovery company, there are aspects that could make or break your claim, and others that we believe are essential for the success of a claim. Your commercial debt recovery claim: Do you know who your customer is? This […]
Enhance your credit management function in 2021 by attending our highly effective credit management training courses, running live via webinar. Improving Collection Performance We can improve your company’s cash flow by training delegates on collection strategy and techniques on how to negotiate payment effectively. Course running w/c 25th October 2021 Time: The course will be presented […]
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 Over 8,700 shops disappear from the high street in the first six months of 2021 Two Thirds of […]
The purpose of our blog this week is to help you understand some of the terminology used and also the options that are open to you. One of the options is a Director guarantee these can be used to leverage payment from a business, the biggest benefit of this guarantee is to creditors. Definition – […]
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 […]
Throughout my years in commercial credit management I have identified a number of mistakes that companies make within their order to cash process; mistakes that are often very small and easily fixed; make enough of them, however, and you could find your cash flow isn’t flowing the way you would like it to. Mistakes in […]
Here at Credit Management Group we have heard a wide variety of excuses for late payment over the years. Some are much more believable than others! Below are the top 5 and how to deal with them. “We didn’t receive the invoice” / “We asked for a copy invoice to be sent” The best way […]
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 Third of businesses concerned about surviving the next 12 months Business insolvencies increased by 31% in the last […]