An ambitious credit manager wants to achieve maximum results – results that are made visible through a number of measurements and metrics. Daily measurements from your credit management environment, showing the financial health of your receivables portfolio.
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.
If you’re looking at maximising cash flow you can’t just look at top-line growth, or increasing sales. You also need to increase the speed of receivables — monetary and other obligations owed to you by customers or debtors.
The chances are that the organisation you work in has siloes, in smaller or larger extent. That is quite a pity since a lot of relevant information is lingering around in systems which are perhaps inaccessible to other teams.
Anyone who works in credit management will know that when it comes to getting some customers to pay on time – or at all – the struggle is very real. So, what can you do to make sure you’re paid on time? Check out 5 top tips for keeping those payments rolling in.