Successful credit management increases the predictability and reduces the risk associated with your cash inflow. Start making smart use of your data so you can look into your own crystal ball, this helps you take informed business decisions and reduce risk for the future.
The goal of credit management is not simply to clear the payment path for outstanding invoices. Communicating in a positive and pro-active way can ensure that the relationship is sustained.
Choosing the right software might sound like an easy task – but there are so many options and your choice of software can have a huge impact on how your team so do not settle for less in that department.
The point of a good client relationship isn’t just to get them to pay their bills. Of course, that’s a major benefit – but there’s a lot more that you can get from the connection you’ve established.
Check out 5 ways towards long term customer relationships. Why? Happy customers pay faster, are loyal and will reward you with word-of-mouth advertising.
The Ultimate guide to credit management software! The best way to faster payments and satisfied customers.
Having a lot of data is one thing, but if you don’t know how to analyse it, you won’t be able to get the answers you’re looking for. These 4 steps to creating an “insights first” culture will help your credit management team in leveraging data and keeping DSO down.
Credit management has moved up the agenda in many organisations over the past years. And rightly so, because a lot can be achieved with well-structured credit management. Credit management is much more than making sure that your customers pay on time.