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Toolkit

Are your Collection Letters Effective?

Effective collection letters

We’d all agree that writing effective collection letters is a balancing act between ensuring you receive payment in full and maintaining a positive working relationship with your customers. You don’t want your correspondence to end up thrown to one side, added to a stack of unread post, because the seriousness of the matter wasn’t made […]

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FREE Disputed Invoice Management Toolkit

Managing Invoice Disputes 1

Following in our series of Useful Toolkits our Dispute Management one has proven to be one of the more popular. A disputed invoice can cause havoc within any business when trying to find resolution without the correct procedures in place to deal with it effectively. How well you handle a dispute can have significant impact […]

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FREE Credit Risk Assessment Toolkit

Credit Risk Assessment Process Tool

This is one of the measures in a business that can easily be missed in the excitement for a new sale. Unless you are taking the money upfront before any services or products are sent this is fundamental to your business. You need to carry out the right checks to make sure you will actually […]

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What is Effective Credit Control?

effective credit control

Having an effective credit control function within your business can have a huge impact on your cash flow. Your credit control should use the most appropriate processes and procedures for yours and your customer’s business to ensure you are paid quickly and on time, as well as maintaining positive business relationships. What indicates effective credit […]

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Top Tricks for Writing Effective Collection Letters

Effective collection letters

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 […]

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Five Ways Conversation Beats Email

Conversation beats email

Within my career I have come across many people that have distinct apprehensions about having telephone conversations as part of their job, instead choosing to rely on email to communicate with business associates, customers and potential customers. The majority of the time I have been told this is because telephone conversation requires immediate response to […]

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FREE Credit Management Reporting

Credit Management Reporting Guide 1

The third instalment of our FREE toolkits is the Credit Management reporting section. These handy printouts explain the process you should follow and the best reports you should be creating in order to keep a close eye on your cash flow. Credit management reports are useful to track the collection performance, by reporting key measurements […]

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FREE Useful Commercial Credit Management Toolkits

Terms and Conditions Writing 1

During 2018 we wanted to run a series of blogs that added value to your business. Our Commercial Credit Management factsheets can enable you to manage and run your Credit Management function better by implementing new processes and procedures. Our factsheets cover all aspects from onboarding of a new client to debt collection and even […]

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3 Ways to Chase for Payment Effectively

chase for payment effectively

Understanding how to chase for payment effectively will vary depending on your customer type and payment history. You may have customers that pay you at the same time each month with very little encouragement from you, on the other end of the scale you may also have customers that will delay payment on a continual […]

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How to Improve your Business’ Use of Credit Management Tools

Credit Management Tools

Using the credit management tools available to you effectively can greatly increase your chances of getting paid quicker. Making small changes to these can make a big impact and using a variety of tools will help you to identify the correct form of communication with a customer. Improving your use of credit management tools Invoice […]

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