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What are the disadvantages of offering credit to customers? Offering credit to customers is a business risk, unfortunately it is a necessary risk that the majority of businesses need to take in order to remain competitive. By offering customers credit you leave yourself at risk of: Lost opportunities due to working capital tied up in […]
Welcome to our November Credit Management News blog. We have given you snippets of the latest topics that we hope are of interest to you and provide information to help with your business. If there is anything you would like to see more of in our round ups from more Credit Management News to help […]
Although the government have pledged an additional £150bn in government bonds there is still more needed to help keep many SME’s afloat. The main reason for concern is although there are grants available, they still need to paid back and the accumulation of debt is a major worry now and in the future. For companies […]
Welcome to our October Credit Management News blog. We have given you snippets of the latest topics that we hope are of interest to you and provide information to help with your business. If there is anything you would like to see more of in our round ups from more Credit Management News to help […]
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 company and working for many recruitment firms since setting up CMG UK I have a vast amount of experience in making sure our clients get paid. This is the final […]
Welcome to the 4th and final chapter of our series of blogs to help you improve your ‘Order to Cash’ process in a practical way and reduce the negative effects of the pandemic on businesses. See the previous blogs by clicking on the below links: Assessing Credit Risk Collection strategies Dispute Resolution Management We continue […]
Welcome to the 3rd of our series of blogs to help you improve your ‘Order to Cash’ process in a practical way and reduce the negative effects of the pandemic on businesses. See the previous blogs by clicking on the below links: Assessing Credit Risk Collection strategies We continue to look at the elements that […]
Welcome to the 2nd of our series of blogs to help you improve your ‘Order to Cash’ process in a practical way and reduce the negative effects of the pandemic on businesses. To review our 1st blog in the series ‘Assessing Credit Risk’ click here. We continue to look at the elements that make up […]
Latest Credit Management News The impact of COVID19 has been significant in terms of credit management affecting all businesses and individuals alike. Many businesses have reported an increase in payment terms month on month. Recent data supplied by Creditsafe has shown that this may be on the road to recovery with Days beyond terms being […]
Here at the Credit Management Group we have many years of experience helping companies solve their late payment and debt issues. Wouldn’t it be nice if you could see the issues BEFORE you started doing business with a potential client? We are offering a free Company credit check where you can see the potential pitfalls […]