Recent Payment trends after the impact of COVID19
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 reduced by 0.2 days to 0.7 days.
The infographic below shows the recent data split regionally and by sector:
Infographic supplied by CICM
To find out more about our services, click on the relevant links below:
- Support service– From as little as £30 per month
- Training– Low cost webinars and courses to help you improve cash Collection performance and how to use the Court’s Small Claims process.
- Outsourced collections– We become your virtual credit control department. All communication with your customers is carried out in your name
- Debt Recovery– Speak to us about our contingency feeservice
- Consultancy– Review and strengthen your ‘Order to Cash’ process in a practical way and coach your staff to improve performance and cash flow.
Or just call us on 03332 413 203 , email Contact@cmgroupukcom
