How do you determine the amount of credit you’re willing to give a customer? Annual accounts can help you make a more informed decision and help you avoid credit risk. It can also help you to make predictions about a company’s future success, which could lead to future opportunities for your organisation.
In a bid to create a culture of better payment practice, the Chartered Institute of Credit Managers (CICM) has confirmed a number of new measures to be included as part of its Prompt Payment Code (PPC).
If you’re one of the people who likes to add some music to the workday, we’ve put together a list of credit-management themed songs. They’ll give you something to hum along with while you work.
For many companies, extending credit to customers is standard practice. But just because it’s normal doesn’t mean it’s not risky – and to keep cash flowing, effective credit management is vital.
IT has certainly been a tumultuous few weeks since the UK voted to leave the European Union. Whichever side you were on, there’s no denying that the fallout from the referendum has been dramatic.
Watch the recording of the webinar of September 28 and learn how to find the time to make your calls, get results and build a positive relationships with your customer.
Today’s manufacturer must compete in a global economy with innovation and efficiency. Many manufacturing firms continue to struggle with financial challenges.
More efficiency in the credit management operation of your manufacturing business will help you improve cash flow and increase the value of your firm. Your operation needs cash to stay healthy. Credit management makes sure your invoices get paid.